New search
Property profile & analytics
OFF-MARKET
Commercial real estate
8875 Water St, Montague, MI 49437-1267
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-1258615
Property summary
AI-generated overview
This established Montague, MI restaurant and bar, located at 8875 Water St, presents a turnkey opportunity. The 2,386 square foot building, situated on a 0.51-acre lot, boasts a spacious dining area, a lively bar with 11 taps and 12 TVs, and a pool table. A fully equipped, code-compliant kitchen is ready for immediate operation. The property includes 33 parking spaces and ample outdoor seating on a brand-new patio with outdoor games. Renovated in 2023, this C-2 zoned property includes all equipment and furnishings. The sale may include the liquor license (terms to be discussed). A land contract is available for qualified buyers. Built in 1957, this single-story building offers significant potential for continued success. The property's prime location on the main road ensures high visibility and foot traffic. Showings are available outside of operating hours. APN: 21-161-011-0013-00.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1957
Total area
2,386 SF
Lot
0.51 ac (22,216 SF)
Zoning code
C-2 COM
APN
61-21-161-011-0013-00
UPID
US43-1258615
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
Current use
Occupant on record · Public records
-
Big Shotz Bar Bar & Pub
-
Big Cat Daddy Walleye Bar & Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dyldan LLC · 2 yrs held
Dyldan LLC
since 2023
Last sale
$150,000
4 recorded transactions
Zoning & alternative use
C-2 COM · Montague, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Montague submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montague submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,849
Tax year 2023
Assessed value
$87,700
Assessed 2024
Previous assessed
$86,100
+1.9% YoY
Effective rate
6.67%
On assessed value
Total market value
$175,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1957
Heating
NONE
Stories
1
Rooms
1
Total area
2,386 SF
Lot
0.51 ac (22,216 SF)
Zoning code
C-2 COM
APN
61-21-161-011-0013-00
UPID
US43-1258615
Jurisdiction
MUSKEGON
Zoning & alternative use
C-2 COM · Montague, MI
Zoning C-2 COM · permitted uses
C-2 COM · Montague, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Montague. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1957
Heating
NONE
Stories
1
Rooms
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Dyldan LLC
Entity
Free & Clear · 2 yrs held
Mailing address
8913 S 72ND AVE, MONTAGUE, MI 49437-8415
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2023
$150,000
Dyldan LLC
Bcdw Properties LLC
Warranty Deed
—
May 13, 2019
—
Bcdw Properties LLC
Mikkelsen,lincoln
Quit Claim Deed
related
—
Mar 18, 2019
$910,000
Lincoln Mikkeisen
Qcb Properties LLC
Warranty Deed
—
Jul 30, 2018
$140,000
Fifth Third Bk
Deputy Sheriff Of Muskegon County|lang Properties
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8875 Water St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
