Listing provided courtesy of PREMIER REAL ESTATE, INC.MLS# 50199738MLS Provider
  • 131 days on site
  • 2 views

An exceptional opportunity to own a well-established and ever-popular north side bar, thoughtfully maintained and ready for its next chapter. Situated on a spacious 0.28-acre lot with ample paved on-site and off-street parking, this business offers strong fundamentals, a loyal following, and room to grow. Inside, the bar is clean, welcoming, and well laid out with 14 bar stools, five six-top tables, and two four-top tables currently. The bar can support a total seating capacity of up to 112. The interior footprint is ideal for hosting live bands, entertainment, and special events, complemented by updated lighting and newer flooring throughout. The bar features five taps with newer lines, a retro 50's Bevador circular cooler, main-floor bottle storage, sanitization sinks, bottle coolers, and dedicated dry storage areas. Recent mechanical updates include a newer furnace, central air, and water heater, offering peace of mind to the next owner. A newer 34 x 34 fenced outdoor patio expands the experience and opens the door for cornhole, outdoor entertainment, and private gatherings. This space adds seasonal appeal and additional revenue potential. The included equipment allows for you to expanded food service beyond what they offer now, with an auto fryer, popcorn machine, and pizza oven. There is potential to expand to add a full kitchen. Entertainment amenities include four large-screen TVs for sporting events, two additional TVs for Keno, sound system, two pool tables owned by the bar, and a Michigan Lottery Keno license. TouchTunes jukebox, dart machine, and select games are operated under profit-sharing agreements. The business operates under a Class C Liquor License with outdoor service, adding to its appeal and value. Current hours of operation: Tuesday through Thursday: 3:00PM to Close; Friday & Saturday: Noon to Close; Sunday: Noon to 8:00 PM; Closed Mondays. All bar equipment, fixtures, and decor are included in the sale. Intellectual property, including the business name, logo, social media accounts, and merchandise, will also transfer with the purchase. Alcohol inventory will be inventoried at the time of sale and conveyed separately from the purchase price. Transfer of the liquor license and Michigan Lottery Keno license is subject to state approval, is not guaranteed, and may require additional state fees, which shall be the responsibility of the purchaser. Whether you are looking to step into bar ownership, expand an existing portfolio, or put your own stamp on a proven local favorite, this opportunity offers a solid foundation, strong community presence, and room for growth.

Source: Great Lakes Repository, MLS#: 50199738

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  • Property Type
    Commercial Sale
  • Lot
    0.28 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 1530 Sheridan Road


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.