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Pizza Place, Bar, Restaurant, Camping 3090 US 23 S
4,000 SF 100% Leased Retail Building Rogers City, MI 49779 £352,103 (£88/SF) 7.95% Net Initial Yield
Investment Highlights
- Heavy summer traffic, well known staple to the area
- Potential for additional income
- Great location, trusted name
Executive Summary
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
About 3090 US 23 S , Rogers City, MI 49779
Discover the ultimate opportunity in Rogers City, MI! This turnkey bar restaurant, complete with a coveted Class C liquor license, is a dream for aspiring business owners. Live on-site in the charming home or rent it out while running the thriving business. Situated on 4.98 acres, the property boasts a 15-site campground with full amenities, including electric, water, bathhouse, and pump station, catering to outdoor enthusiasts year-round. Additionally, a spacious pole barn adds versatility to the property. Enjoy high visibility and traffic along US-23, making it a prime location for attracting patrons. The included inventory ensures a seamless transition, featuring an award-winning pizza renowned among locals. Don't miss this chance to own a slice of success in a picturesque setting! Recent upgrades include a brand-new walk-in cooler unit, enhancing efficiency and quality of service. Culinary enthusiasts will appreciate the fully-equipped kitchen, complete with 2 fryers, a flame broiler, griddle, and a stone pizza oven, perfect for crafting the acclaimed pizzas that locals love. In addition to the bar restaurant, this property features a meticulously maintained 1311 sq ft home with 3 bedrooms, offering comfortable living quarters right on-site. The home boasts cleanliness and care, ensuring a cozy retreat after a day's work. With a metal roof at the rear and shingled front, durability meets aesthetic appeal. Don't miss this unique chance to blend business and lifestyle seamlessly in a picturesque Michigan setting!
PROPERTY TAXES
| Parcel Number | 030-002-000-080-00 | Improvements Assessment | £0 (2024) |
| Land Assessment | £0 (2024) | Total Assessment | £64,943 (2024) |
PROPERTY TAXES
Presented by
Pizza Place, Bar, Restaurant, Camping | 3090 US 23 S
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