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    OFF-MARKET
    Bars & Pubs

    111 Porter St, Albion, MI 49224-1758

    2,428 SF 0.07 ac lot Built 1880
    Individually Owned Free & Clear
    Property ID
    US43-2113074
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Year built 1880
    Total area 2,428 SF
    Lot 0.07 ac (3,049 SF)
    Zoning code CBD
    APN 51-001-025-00
    UPID US43-2113074
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Charlie's Tavern Bar & Pub
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    JOSEPH P REYNOLDS
    JOSEPH P REYNOLDS
    Zoning & alternative use
    CBD · Albion, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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