210 Mitchell St Cadillac, MI 49601-1835

Property Details for 210 Mitchell St

Lot size

0.09 lot acres

Property type

Commercial real estate

APN

10-086-00-149-00

APU

100860014900

Description

This thriving bar and restaurant in Cadillac, Michigan, presents a unique investment opportunity. Located at 210 S Mitchell Street, this 2,760 square foot establishment sits on a 0.1-acre lot and boasts a prime location across from a significant redevelopment project, ensuring high foot traffic. The business, operating seven days a week, has been a local nightlife destination for over 40 years, enjoying a strong reputation within the community. The sale includes the real estate, significantly reducing the initial investment required. A valuable Class C liquor license is included, permitting the sale and service of beer, wine, mixed spirits, and spirits. All fixtures and equipment are part of the sale, along with a pool table and ATM machine. Further enhancing profitability, the sale includes shared income generated from dartboards, lottery sales, and a jukebox. Recent improvements demonstrate a commitment to maintaining the property's condition, including a new silicone roof installed by Bigelow Exteriors and a new forced air natural gas furnace. This turnkey operation offers a rare chance to acquire an established and profitable business in a rapidly developing area of Northern Michigan. The asking price of $250,000 represents an exceptional value for a business with such a long-standing history and strong potential for future growth.