Restaurant/Bar for Sale- 3,840 SF

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Business Opportunity
Catylist Listing ID: 30532108
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Status: Pending/Contingent
Building Size (RSF): 3,840 SF
Gross Building Area: See Agent
Gross Land Area: 1.17 Acres
Sale Price: $199,000
Unit Price: $51.82 PSF
Property Use Type: Business
Building Name: Grand Lake Lounge / Daily Limit
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/19/2021

Overview / Comments

Prime Location at the corner of US 23 and Grand Lake Highway Directly across from Grand Lake and in Between Rogers City and Alpena. This is a turn key business and includes Liquor and Entertainment Licenses . Current seating capacity is at 100 which includes a large bar seating 15 , plus dance floor , raised band stage , walk in coolers , pizza oven , fenced back yard , 15 Lines for your Favorite Draft or Craft Beers . Great opportunity to Grow and Expand this current business that serves as a Four Season Family destination

Additional Details

Nearest MSA: Lansing-East Lansing
County: Presque Isle
Tax ID/APN: 061-035-000-003-00
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Alpena And Rogers City
Property Visibility: Excellent
Largest Nearby Street: US - 23
Feet of Frontage: 128
Highway Access: Excellent
Airports: Alpena
Area Description: From Alpena take Highway 23 North 21 Miles or From Rogers City Take Highway 23 South 17 Miles Or From Posen take Grand Lake Highway 10 Miles to Destination at the corner or US-23 and Grand Lake Highway.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,840 SF
Roof Type: Gable
Construction/Siding: Block
Parking Type: Surface
Heat Type: Propane
Internet Access: Cable
Water Service: Well
Sewer Type: Septic
Legal Description: T 34 N R 7 E SEC 35 PARC IN NW 1/4 OF NW 1/4 COMM AT NW COR OF SEC 35, TH N 89DEG 54MIN 52SEC E 678.91FT ALG N LN OF SAID SEC TO W'LY R/Y LN OF HWY US-23, TH ALG ARC OF 7739.44FT RAD CURVE TO THE LEFT HAVING LONG CHORD BEARING S 49DEG 2MIN 43 SEC E 149.98FT TH CONT ALG ARC OF A 7739.44FT RAD CURVE TO LEFT HAVING LONG CHORD BEARING S 49DEG 58 MIN 14SEC E 100FT TO POB, TH CONT ALG ARC OF A 7739.44FT RAD CURVE TO LEFT HAVING LONG CHORD BEAR S 50DEG 48MIN 52SEC E 128FT TO N'LY LN OF POSEN- GRAND LAKE RD, TH S 31DEG 54MIN 4SEC W 399.50FT ALG SAID RD,TH N 50DEG 34MIN 55SEC W 128FT, TH N 31DEG 53MIN 29SEC E 398.98FT TO POB, PARC B PER PORTER SURVEY #80-94

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Demographic Statistics

Proximity: 5 miles
Total Population: 1,375
Median Age: 58.69
Households: 675
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