111 Porter St, Albion, MI 49224-1758
This exceptional offering presents a unique investment opportunity in Albion, MI. The property encompasses a thriving, established tavern—Charlie's Tavern—operating since 1944 and renowned for its pizza. The sale includes the complete business operation, encompassing all recipes, a fully transferable liquor license, and all essential kitchen and bar equipment. This ensures a seamless transition for a new owner, allowing immediate continuation of the successful business. Beyond the tavern itself, the sale also includes a substantial adjacent building. This building features a sizable upper-level apartment, providing additional income potential or housing for the owner/operator. Furthermore, a dedicated parking lot is included, enhancing customer convenience and accessibility. The tavern building itself offers approximately 2,800 square feet of space, situated on a 0.07-acre lot. Above the tavern is additional storage space, adding to the overall utility of the property. This combined property presents a rare chance to acquire a well-established business with significant historical value, alongside additional income-generating potential, all within a single, convenient location. The asking price for this remarkable package is $500,000.
-
Charlie's Tavern Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
CBD · Albion, MIAlbion. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.