Bar/Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 29926198
Property Subtypes: Tavern/Bar/Nightclub
Building Size (RSF): 1,665 SF
Gross Building Area: 2,880 SF
Sale Price: $67,000
Unit Price: $40.24 PSF
Ceiling: 10 ft.
Property Use Type: Vacant/Owner-User
Building Name: PARTNERS LOUNGE
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 11/6/2017

Overview / Comments

Great opportunity for to own a bar located in the City of Stanton, which is the county seat for Montcalm County, and is located in a high profile spot on Main St which is a necessary "jog" in the road for M66, a major North/South artery for central Michigan. Some of the fixtures/furnishings are included in the sale and there is also a 2 bedroom apartment with separate access which could be used by an owner or as a rental unit for additional income. Interior needs some TLC, but mostly cosmetic.
Liquor license is available, but not included in list price.

Financials

Finance Data Year 2009
Real Estate Taxes - Annual($) $18,151 (Annual)

Additional Details

Nearest MSA: Undisclosed
County: Montcalm
Submarket/Township: Other area
Tax ID/APN: 053-101-002-00
Zoning: COM
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: M66
Feet of Frontage: 26
Highway Access: Stanton is located at the crossroads of M66 ( a major artery for North/South traffic and M522.
Site Description: Com at NE Cor, Lot 6, Blk 1, Th W 24', S 26', E 1 1/2', S 60', E 22 1/2' N 86' to POB.
Area Description: DIRECTIONS: From Ionia, N on M-66 to Stanton and W to business located on the N side of the street. From Greenville, E on M57 to M66 and N to Stanton, then W to business.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Average
Year Built: 1930
Roof Type: Other
Construction/Siding: Brick
Exterior Description: Brick with some steel siding.
Parking Type: Surface
Parking Description: Streetside and rear public parking.
Heat Type: Natural Gas
Internet Access: Cable, Satellite, Dialup
Water Service: Municipal
Sewer Type: Municipal, Storm
Legal Description: COM AT NE COR OF LOT 6, BLOCK 1, THENCE W 24 FT, S 26 FT, E 1-1/2 FT, S 60 FT, E 22 1/2 FT, N 86 FT TO POB BLK 1 ORIGINAL PLAT OF CITY OF STANTON

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 992 3,230 10,388
Median Age: 33.68 40.6 42.1
Households: 343 1,245 4,105

Contact

Photograph of Listing Agent

Steven Tanner

RE/MAX United
Not a member of CARWM
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