111 Porter St Albion, MI 49224-1758
- Bars
- 2,428 SF
- 0.07 lot acres
Current Use by Public Records
- Charlie's Tavern / Bar / Bar & Grill
Property Details for 111 Porter St
- Year built
- 1880
- Lot size
- 0.07 lot acres
- Property size
- 2,428 SF
- Zone code
- CBD
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 51-001-025-00
- APU
- 5100102500
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albion
- County
- Calhoun
- State
- Michigan
- Longitude
- -84.7536
- Latitude
- 42.2436
- CBSA code
- 12980
- CBSA name
- BATTLE CREEK, MI METROPOLITAN STATISTICAL AREA
