Property summary
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
VerifiedCap rate & NOI
Current use
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Bar & Pub
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The Central Business District is intended to provide for a variety of retail and office services which serve the needs of a consumer trade area that extends beyond the corporate boundaries of the City. This district is c…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
CBD · Albion, MIThe Central Business District is intended to provide for a variety of retail and office services which serve the needs of a consumer trade area that extends beyond the corporate boundaries of the City. This district is c…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The Central Business District is intended to provide for a variety of retail and office services which serve the needs of a consumer trade area that extends beyond the corporate boundaries of the City. This district is c…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CBD in Albion, MI.
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