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    Property profile & analytics

    28826 Raber Rd Goetzville, MI 49736

    • Commercial real estate
    • 0.74 lot acres
    For Sale
    View listing
    $325,000
    Value Estimation
    Location Intelligence
    Property ID
    US43-2894315
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Raber Bay Bar & Restaurant / Bar & Grill / Bar

    Property Details for 28826 Raber Rd

    Lot size
    0.74 lot acres
    Property type
    Commercial real estate
    APN
    010-300-001-00
    APU
    1030000100

    Description

    This exceptional mixed-use property in Goetzville, Michigan, presents a unique investment opportunity. Established in 1931, the Raber Bay Bar 'N' Family Restaurant boasts a rich history and loyal clientele. The 2,742 square foot property includes three buildings situated on a 0.74-acre lot with commercial zoning. The main building houses the well-established restaurant and bar, complete with all necessary equipment and a Class C liquor license. Adding to the income potential is a two-bedroom mobile home with a garage, currently used as a rental unit. The property's prime location near the St. Marys River and Raber Bay Boat Launch ensures consistent traffic from locals and tourists throughout the year, benefiting from recreational activities such as boating, fishing, and snowmobiling. Located just 40 miles from the Mackinac Bridge, this turnkey business offers a rare chance to acquire a thriving establishment with significant growth potential. The asking price is $325,000, translating to $118.53 per square foot. This is a private owner sale.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Goetzville
    County
    Chippewa
    State
    Michigan
    Longitude
    -84.0718
    Latitude
    46.0897
    CBSA code
    42300
    CBSA name
    SAULT STE. MARIE, MI MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $1,490
    $0.00
    $0.00
    $71,000
    -
    $0.00
    $0.00
    $142,000

    Comparable in this City

    • Value Estimation by Request

      26327 Pt Rd

      COMMERCIAL (GENERAL)
      26327 Pt Rd, Goetzville, MI 49736-9375
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      0.51 Acres

      18017 M 48

      COMMERCIAL (GENERAL) • 0.51 Acres
      18017 M 48, Goetzville, MI 49736-8302
      View Details
    • Value Estimation by Request

      28854 Raber Rd

      COMMERCIAL (GENERAL)
      28854 Raber Rd, Goetzville, MI 49736-9364
      View Details
    • Value Estimation by Request

      14289 Lime Is Rd

      COMMERCIAL (GENERAL)
      14289 Lime Is Rd, Goetzville, MI 49736-9361
      View Details
    • Value Estimation by Request

      26816 Raber Bay Dr

      COMMERCIAL (GENERAL)
      26816 Raber Bay Dr, Goetzville, MI 49736-9372
      View Details
    • Value Estimation by Request
      40.00 Acres

      13643 Mikes Lndg Rd

      COMMERCIAL (GENERAL) • 40.00 Acres
      13643 Mikes Lndg Rd, Goetzville, MI 49736
      View Details

    Similar Nearby for Sale

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      $60,000
      0.50 Acres

      Half-Acre Getaway in Goetzville, MI

      Half-acre property with camper, utilities, and river access.
      26928 Point Aux Frenes Rd, Goetzville, MI 49736
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    • $60,000
      0.50 Acres

      Wooded Land with Camper

      Half-acre property with camper, utilities, and recreational opportunities.
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    • $325,000
      2,742 SF

      Raber Bay Bar & Restaurant - Goetzville, MI

      Turnkey Restaurant, Bar & Rental Home
      28826 Raber Rd, Goetzville, MI 49736
      View Details
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    Goetzville, MI 49736
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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