Property profile

208 Division St Freeport, MI 49325

OFF-MARKET
Bars & Pubs
Property ID
US43-4462572
5,137 SF 0.25 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Freeport business opportunity presents a well-established tavern with a rich 75+ year history. The Shamrock Tavern boasts a spacious interior seating 144 patrons, complemented by a sizable outdoor beer garden ideal for events like horseshoe tournaments. The property encompasses a generous 1.25-acre lot, providing ample space and potential for expansion. A significant attached storage area, equal in size to the tavern itself, offers exciting possibilities for expansion of the existing business or the creation of a completely separate venture. Adding to the investment potential, a three-bedroom apartment located upstairs generates rental income. The Shamrock Tavern is renowned for its home-cooked meals and family-friendly atmosphere, cultivating a loyal customer base. The current owner, having dedicated over 37 years to the establishment and owning it since 2008, is now seeking retirement, presenting a unique chance for a new owner to step into a thriving business with a proven track record. The 4,400 square foot building offers significant space and potential for growth. This is a rare opportunity to acquire a turnkey business with established clientele and substantial potential for future development. The property's size and location in Freeport, MI, make it an attractive investment.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Total area 5,137 SF
Lot 0.25 ac (10,803 SF)
Zoning code C1
APN 08-43-108-003-30
UPID US43-4462572

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

208 Division St Freeport, MI 49325-5109
Freeport metro Census 10200 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Zoning & alternative use

C1 · Freeport, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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