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224 E Caspian

Caspian, MI 49915
  • $119,900
  • STATUS: Active
  • ON SITE: 49 Days
  • MLS #: 50137186
UPDATED: 115 min ago
$119,900
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,498
    SQFT
  • $48
    $/SQFT
Neighborhood:
Type:
Business Opportunity
Built:
1917
County:

School Ratings & Info

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.

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[MiRealSource] logo ©2024 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2024-05-18T07:49:40.93.
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224 E Caspian Caspian, MI 49915

  • Price: $119,900
  • Status: Active
  • On Site: 49 Days
  • Updated: 115 min ago
  • MLS #: 50137186
0
Beds
0
Baths
0
½ Baths
0.17
Acres
2,498
SQFT
$48
$/SQFT
1917
Built
Neighborhood:
Plat Of Caspian
County:
Iron
Area:
Caspian (36004)
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.
Exterior Features

Exterior Construction OtherPartial-Vinyl Foundation Type BasementCrawlPiller/Post/Pier Frontage 50 Location Main Street Lot Size 50x150 Parking On Site Roads City/CountyPaved Street Roofing Metal Substructure Types Shed Water Features None Waterfront YN No

Interior Features

Basement YN Yes Commercial Ceiling Height Less than 16 Ft. Commercial Features AlleyCafe/KitchenInternet AvailableLiving Quarters AttachedOutbuilding(s)Public RestroomsSidewalksVinyl/Laminate Floors Fuel Type Natural Gas Heating System Forced Air Water Heater Electric

Property Features

Additional Documents YN No Assessments YN No Business Type Bar/Tavern Commercial Type Business Environmental Condition YN No Financial Terms CashCommercial Loan Lease YN No License Available YN Yes License Type Liquor License Municipality Caspian Occupant Upstairs is Rented Ownership LLC Present Licenses FoodLiquor License Sale Includes Business and Real EstateLiving Quarters SEV 18470 Sev Year 2022 Sewer Septic Public Sanitary Sq Ft Source Measured Subject To Short Sale Approval No Summer Tax Amount 967.89 Summer Tax Year 2022 Taxable Value 17829 Total Tax Amount 1101.77 Total Tax Year 2022 Type 1 to 4 Units Water Public Water Winter Tax Amount 133.88 Winter Tax Year 2022 Zoning Commercial

Listing courtesy of RE/MAX NORTH COUNTRY : 877-875-6331.

Source MLS: MiRealSource
Originating MLS: Upper Peninsula Assoc of Realtor

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2024 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2024-05-18T07:49:40.93.
 
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