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Property profile & analytics

616 Main St Norway, MI 49870-1246

  • Commercial real estate
  • 0.07 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-2724650
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Mike's On Main / Restaurant

Property Details for 616 Main St

Lot size
0.07 lot acres
Property type
Commercial real estate
APN
053-391-012-00
APU
5339101200

Description

This exceptional business opportunity encompasses a thriving 9,132 square foot restaurant, bar, and bowling alley located at 616 Main Street in Norway, MI. The property sits on a 0.24-acre lot and is offered at $370,000. The well-established business, known as Mike's on Main, boasts a large bar area, a spacious main dining room, and a sizable private room perfect for events or private functions. The sale includes all equipment, furniture, fixtures, and inventory, ensuring a seamless transition for the new owner. All necessary food and liquor licenses are also included in the sale price, eliminating the complexities and delays associated with obtaining these permits. This turnkey operation presents a unique chance to acquire a profitable, established business with significant community presence and a loyal customer base. The substantial square footage provides ample space for operations and potential expansion. This is an ideal opportunity for an experienced entrepreneur seeking a well-established business with immediate revenue potential or for someone looking to step into the restaurant and entertainment industry. The property's prime location in Norway, MI, ensures high visibility and accessibility. This is a rare chance to own a successful and beloved community establishment.


Value Estimations

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  • CAP approach

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Location Insight

  • Map
  • Local Demand
City
Norway
County
Dickinson
State
Michigan
Longitude
-87.9071
Latitude
45.7867
CBSA code
27020
CBSA name
IRON MOUNTAIN, MI-WI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$0.00
$0.00
$49,900
-
$0.00
$0.00
$99,800
More about this property
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