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$119,900 for Sale

224 e caspian, caspian, MI 49915

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Property Description
Check out this well established Upper Peninsula neighborhood bar in downtown Caspian. Built in 1917 as an Ice Cream Parlor and turned into a tavern after prohibition. Live upstairs in the spacious 2 bedroom 960 square foot apartment or rent it out for extra income. This property has a neat and clean interior with a well organized kitchen ready for a new owner to take over. Newer fryer, only 4 years old, new was $10K. Liquor license is included. All buildings have metal roofing. Interior has an inviting atmosphere with newer flooring and a U.P. vibe. His & hers restrooms along with a back room for beverage storage. This area also has a walk-in cooler. Main building 24x40 with 960 sf in the bar area and another 960 in the upstairs apartment. kitchen plus backroom storage area add another ~578 sf. There is a partial basement, 10 x 13, which is rock & mortar and poured concrete with a natural Gas forced air furnace, 15 yrs and electric water heater, 4 yrs. Tables, chairs, stools, appliances, walk-in cooler and pool table are all included. Dart machine and jukebox are rented. Older garage at alley for storage. There are some new windows and extra vinyl siding for the building that will stay.
General Information
Sale Price: $119,900
Price/SqFt: $48
Status: Active
MLS#: 50137186
City: caspian
Post Office: caspian
County: Iron
Acres: 0.17
Lot Dim: 50x150
Size: 2,498 sq.ft.
Acreage: 0.17 est.
Year Built: 1917
Property Type: Business
Tax, Fees & Legal
Est. Summer Taxes:  $968
Est. Winter Taxes:  $134


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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: DANELLE DOVE of RE/MAX NORTH COUNTRY

This listing last updated: Fri, March 29, 2024 at 5:15:51 PM EDT

MIRealSource Listing Data Last Updated On Wednesday, July 31 2024 at 8:15am
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Listings presented by:
DANELLE DOVE
RE/MAX NORTH COUNTRY
Call: (906) 367-6331

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