Property profile

28826 Raber Rd Goetzville, MI 49736

OFF-MARKET
Commercial real estate
Property ID
US43-2894315
0.74 ac lot
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property in Goetzville, Michigan, presents a unique investment opportunity. Established in 1931, the Raber Bay Bar 'N' Family Restaurant boasts a rich history and loyal clientele. The 2,742 square foot property includes three buildings situated on a 0.74-acre lot with commercial zoning. The main building houses the well-established restaurant and bar, complete with all necessary equipment and a Class C liquor license. Adding to the income potential is a two-bedroom mobile home with a garage, currently used as a rental unit. The property's prime location near the St. Marys River and Raber Bay Boat Launch ensures consistent traffic from locals and tourists throughout the year, benefiting from recreational activities such as boating, fishing, and snowmobiling. Located just 40 miles from the Mackinac Bridge, this turnkey business offers a rare chance to acquire a thriving establishment with significant growth potential. The asking price is $325,000, translating to $118.53 per square foot. This is a private owner sale.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.74 ac (32,234 SF)
APN 010-300-001-00
UPID US43-2894315

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Bar & Pub Restaurant

Location

28826 Raber Rd Goetzville, MI 49736-9364
Goetzville metro Census 971000 SAULT STE. MARIE, MI MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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