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Property profile & analytics
FOR SALE
Bars & Pubs

15036 Downey Rd Capac, MI 48014

2,926 SF 3.4 ac lot Built 1949
Individually Owned Absentee Owner Free & Clear
Property ID
US43-4537897
Property summary
AI-generated overview

This expansive 2,926 square foot industrial property, situated on a generous 3.52-acre lot in Capac, Michigan, presents a unique investment opportunity. The building boasts a full kitchen, perfect for catering events or employee breaks. Entertainment features include newly felted pool tables, a dedicated dance floor, and karaoke equipment, suggesting prior use as a recreational venue. The presence of lottery and Keno equipment further indicates a history of entertainment-related business. The substantial lot size offers ample room for expansion, parking, or outdoor activities. The property's versatile layout and existing amenities provide a solid foundation for a variety of commercial uses, from warehousing and light manufacturing to entertainment or recreational ventures. The building's current configuration, including the kitchen and entertainment features, could be easily adapted to suit a new owner's specific needs. This is a rare opportunity to acquire a sizable industrial property with unique existing features in a desirable location. The asking price of $500,000 reflects the property's size, location, and potential for diverse applications. Serious inquiries are encouraged.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1949
Total area 2,926 SF
Lot 3.4 ac (148,104 SF)
Zoning code B-2
APN 74-27-021-2021-000
UPID US43-4537897
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
  • Good Time Charlie's Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k
Owner & transaction history
JAMES G BURKEL
JAMES G BURKEL
Zoning & alternative use
B-2 · Mussey, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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