11368 M-179, Middleville, MI 49333 (MLS# 22020839)

11368 M-179, Middleville, MI 49333

$1,425,000
Property Type: Commercial Sale Square Footage: 2,792 Lot Size (sq. ft.): 73,137 Status: Sold
Current Price: $1,600,000 List Date: 5/28/2022 Last Modified: 5/11/2023

Description

The Sand Bar & Grill, the notable staple and thriving icon in the Gun Lake and Yankee Springs area! Turnkey restaurant with everything included to keep this well-established business profitable and sustainable. All the equipment, furniture, recipes, and even owner-provided training to help keep things smooth for new ownership and customers. Located in the epicenter of all things active- countless acres and lakes full of recreation. Vacationing, boating, fishing, hiking, mountain biking, snowmobiling... you name it! And just in time for the busiest time of year. Customers enjoy indoor dining... or can sit on the outdoor patio with fireplace. Yearly sales increases even during Covid. The Sand Bar ''Shanty Land'' made national news and the Today Show, which started a trend all over the

Supplements: country. Constantly competitive and endless accolades including "Best Bar in the Midwest" and consistent "Best Of..." lists for burgers, fish fry, and much more. Social media with nearly 5,000 followers. Loaded with potential, too. Expand the hours and/or days, utilize the catering and Class C liquor license which permits off-site (think weddings, corporate events, etc), and develop some of the property (think pickleball courts, storage facilities, etc.). Also includes additional 30'x40' commercial building currently leased offering additional cashflow. The Sand Bar isn't just a restaurant. It's a community center. It's where people gather to make great memories and to make and maintain friendships. It's a fun place where everyone knows your name.

More Information MLS# 22020839

Location Property Info

County: Barry Street #: 11368 Street Name: M-179 State: MI Zip Code: 49333 Area: Grand Rapids - G

OfficeContract Info

Status: Sold Current Price: $1,425,000 List Price: $1,600,000 Listing Date: 2022-05-28

General Property Info

New Construction: No Lot Measurement: Acres Lot Acres: 1.68 Lot Square Footage: 73137 Lot Dimensions: 192x381 Year Built: 1958 Road Frontage: 192 Total # Units: 2 # Fin Bldg Lvls: 1 Total # Bldgs: 2 Total SqFt: 2792 Property Use Type: Business Full Baths: 3 Waterfront: No School District: Thornapple Kellogg

Tax Info

Tax ID #: 1602003700 Taxable Value: 147912 SEV: 194100 For Tax Year: 2022 Annual Property Tax: 7529.84 Tax Year: 2021

Remarks Misc

Directions: Patterson to M179 east appx 1 mile to property. Or Briggs to M179 west and property is almost immediately on north side.

Status Change Info

Under Contract Date: 2022-09-22 Sold Date: 2023-05-10 Sold Price: $1,425,000 Sold Price/SqFt: 510.39

Property Features

Uses: Restaurant Business Includes: Equipment; Furniture; Inventory; Licenses; Real Estate; Other Construction Type: Frame/Wood Sewer: Septic Tank Water: Well Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at St: Electricity Available Heat Source: Natural Gas Heat Type: Forced Air Driveway: Concrete; Paved Street Type: Paved Purchase Terms Avail: Cash; Conventional; Land Contract Sale Conditions: None Possession: Close Of Escrow
Listing Office: Icon Realty Group LLC
Listing Agent: Darrell DeWard
Last Updated: May - 11 - 2023
11368 M-179, Middleville, MI 49333- MLS# 22020839
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