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    OFF-MARKET
    Bars & Pubs

    208 Division St, Freeport, MI 49325-5109

    5,137 SF 0.25 ac lot
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-4462572
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    Owner & transaction history
    SALT N PEPPER LLC
    SALT N PEPPER LLC
    Zoning & alternative use
    C1 · Freeport, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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