28826 Raber Rd, Goetzville, MI 49736-9364
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.
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Raber Bay Bar & Restaurant Bar & Pub Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.