224 E Caspian Avenue Active Save Request In-Person Tour Request Virtual Tour
Caspian,MI 49915
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 2,498 sqft
Price per Sqft $45
Subdivision Mi
MLS Listing ID 50137186
Year Built 1917
Annual Tax Amount $1,101
Tax Year 2022
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 50x150
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.
Location
State MI
County Iron
Area Caspian (36004)
Zoning Commercial
Interior
Heating Forced Air
Exterior
Parking Features On Site
Roof Type Metal
Building
Foundation Basement,Crawl,Piller/Post/Pier
Water Public Water
Structure Type Other,Partial-Vinyl
Others
Ownership LLC
SqFt Source Measured
Energy Description Natural Gas
Financing Cash,Commercial Loan