$177,000
$199,900
11.5%For more information regarding the value of a property, please contact us for a free consultation.
1,718 SqFt
SOLD DATE : 10/03/2024
Key Details
Sold Price $177,000
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 1,718 sqft
Price per Sqft $103
MLS Listing ID 20240017411
Sold Date 10/03/24
Originating Board Realcomp II Ltd
Year Built 1900
Annual Tax Amount $3,489
Lot Dimensions 50x82
Property Description
Centrally situated in the vibrant city of Vassar, this iconic restaurant/bar has been a staple in the community for years. Boasting a rich history and loyal customer base, this establishment offers a lucrative opportunity for investors or restaurateurs. The sale includes a valuable liquor license, ensuring immediate operational capabilities and revenue potential. Two spacious apartments on the upper level provide additional income streams or owner accommodation. Each unit features three bedrooms and one bathroom, ideal for families or rental tenants. Unit 1: Requires completion, allowing for customization to suit preferences or maximize rental income potential. Unit 2: Ready for occupancy, offering immediate rental income opportunities. With its prime location, existing infrastructure, and versatile layout, this property presents an enticing investment opportunity in the heart of Vassar.
Location
State MI
County Tuscola
Area Vassar
Zoning Commercial
Direction Downtown Vassar
Interior
Hot Water Electric
Heating Forced Air
Heat Source Natural Gas
Exterior
Pool No
Utilities Available Smoke Alarm, Circuit Breakers
Waterfront no
Roof Type Rubber
Road Frontage Paved
Building
Foundation Crawl, Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Level or Stories 2 Story
Structure Type Brick,Steel
Schools
School District Vassar
Others
Tax ID 051500109062000
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Rebuilt Year 1991
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Full Service
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Bought with Unidentified Office