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    Turnkey Tavern and Restaurant
    Updated: Oct 15, 2024
    Turnkey Tavern and Restaurant

    403 N 17th Street, Gladstone, MI 49837

    $185,000
    1,212 sqft
    Bungalow Tavern has served the community since 1934 and is fully operational for new ownership
    Full bar plus table seating for approximately 45 guests, with two restrooms
    Updated kitchen with new appliances and a walk‑in freezer
    Sale includes liquor license and essential equipment (pool table and bar/restaurant equipment)
    Recent upgrades include new flooring behind the bar and a new draft system with glycol cooling
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    This listing looks promising.

    Here's a quick look at some key insights for

    403 N 17th Street, Gladstone, MI 49837

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    • Est. Cap Rate

      8.6%
      Above avg (5.9%)

    • Est. NOI

      $16K
      Annual

    • Price @ 7% Cap

      $228K
      Above asking
    View Property Analytics
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Gladstone, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turnkey Pool Hall and Bar
    Turnkey Pool Hall and Bar

    224 Stephenson Avenue, Escanaba, MI 49829

    $480,000
    4,805 sqft 0.19 AC lot

    Commercially zoned pool hall and bar with capacity for up to 324 guests and a fully equipped bar area.

    View details
    Mixed-Use Building with Apartment
    Mixed-Use Building with Apartment

    201 S Cedar Street, Manistique, MI 49854

    $205,000
    3,360 sqft

    Commercial space with a full kitchen and upstairs residential quarters.

    View details
    Turnkey Bar and Restaurant Building
    Turnkey Bar and Restaurant Building

    1117 Ludington Street, Escanaba, MI 49829

    $599,000
    2,164 sqft

    Turnkey bar and restaurant with renovated restrooms, front-to-back layout, and basement storage plus an upstairs apartment.

    View details
    Bar and Restaurant with Gas Pumps
    Bar and Restaurant with Gas Pumps

    1263 M149 Highway, Manistique, MI 49854

    $415,000
    4,000 sqft 21.82 AC lot

    Restaurant and tavern with outdoor dining and direct access to Trail 7 in Manistique, Michigan.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Land in Rapid River
    Prime Land in Rapid River

    7683 US2 Highway, Rapid River, MI 49878

    $49,900
    1.97 AC lot

    Commercial land with high traffic exposure in Rapid River, MI.

    View details

    Gladstone, MI Restaurants Market Trends and Statistics

    Explore 1 restaurants for sale in Gladstone, MI on our real estate platform. These investment opportunities span a total of 1,212 square feet of properties for sale, with an estimated market value of $185,000.

    Sale prices for restaurant properties in Gladstone, MI average $185,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 1

    Demographics Overview

    Population 10K
    Population Growth (5Y) +4.8%
    Median Household Income $65,905
    College Educated 31.1%

    High-Yield Neighborhoods for Investment

    Identify Gladstone submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49837 $185K

    Taxes & Financing

    Tax Rate (average for all types) 3.93%
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Delta County

    New Delisted

    Total CRE Inventory on Market (SF)

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