Property profile

108 State St Colon, MI 49040

OFF-MARKET
Commercial real estate
Property ID
US43-3911720
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional business opportunity presents a fully renovated and highly successful sports bar and restaurant located at 108 E State Street in Colon, Michigan. The property encompasses 4,408 square feet on a 0.21-acre lot and is offered at $839,900. Completely reconstructed in 2013, this establishment boasts a loyal customer base and a proven track record of profitability. The sale includes all real estate and equipment, providing a seamless transition for the new owner. A valuable liquor license is also part of the sale, eliminating a significant hurdle for prospective buyers. The current owners have cultivated a thriving atmosphere, regularly hosting popular events such as pool leagues and trivia nights, further enhancing the venue's appeal and revenue streams. This turnkey operation is ready for immediate ownership, offering a rare chance to acquire a well-established and profitable business in a desirable location. The property's prime location and established reputation ensure a strong foundation for continued success. Financial records are available upon request to qualified buyers. Showings require prior arrangement.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 041-180-054-02
UPID US43-3911720

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Restaurant

Location

108 State St Colon, MI 49040-9362
Colon metro Census 41302 STURGIS, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$390k

Owner & transaction history

since 2025
1 recorded transaction
2025
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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