Property summary
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
VerifiedCap rate & NOI
Current use
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Bar & Pub Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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