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Property profile & analytics
OFF-MARKET
Commercial real estate

403 17th St Gladstone, MI 49837-2005

0.33 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US43-3973006
Property summary
AI-generated overview

This exceptional business opportunity presents the chance to own the Bungalow Tavern, a well-established Gladstone, MI establishment operating since 1934. Located at 403 N 17th, this charming, railroad-themed venue boasts 1,212 square feet situated on a 0.88-acre lot. The tavern comfortably seats approximately 45 guests with a full bar, two restrooms, and ample parking. The sale includes a valuable liquor license, a pool table, and all necessary equipment for immediate operation. A fully updated kitchen, a key feature of this turnkey operation, is equipped with new appliances, including a walk-in freezer, deep fryers, stove/oven, flat top, and a new ice machine. Recent upgrades also encompass new flooring behind the bar, a back bar cooler, a complete draft system with glycol cooling, a new walk-in cooler, updated plumbing supply lines, LED canned lighting, and a new motor in the exhaust system. The kitchen floor has also been recently re-stained and sealed. This is a rare opportunity to acquire a profitable, established business with significant recent investments, ready for immediate operation and continued success. The asking price for this turnkey operation is $225,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.33 ac (14,375 SF)
APN 052-621-064-00
UPID US43-3973006
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
TG PROPERTY A LLC
TG PROPERTY A LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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