19327 Caberfae Hwy, Wellston, MI 49689-9726
This exceptional 2,968 square foot restaurant and bar, built in 2019, is ideally situated on 2.5 acres at 19327 Caberfae Highway in Wellston, MI, near multiple trailheads and on M-55, connecting Manistee and Cadillac. Known as the Red Neck Yacht Club, this turnkey operation boasts a prime location for attracting a large customer base. No expense was spared during construction, resulting in a high-quality, well-equipped establishment. The property features energy-efficient LED lighting both inside and outside. A significant investment in infrastructure is evident with an oversized septic system incorporating an integrated grease separator, a substantial 32 KW backup generator, and a 5-inch type 2 commercial well ensuring reliable operation. The state-of-the-art kitchen is fully equipped with high-end appliances including a Peerless pizza oven, two chicken broasters, and a Manitowoc 600 ice maker, among other features. Security is enhanced by a comprehensive 12-camera system. A valuable 550 Resort liquor license is included, with inventory available for separate purchase. This presents a unique opportunity for investors seeking a profitable, established business in a desirable location. Serious inquiries only. The asking price is $775,000.
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Billy Ray & Dani Lees LLC Redneck Yacht Club Bar & Pub Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.