10221 Telegraph RdCarleton, MI 48117

Property Details for 10221 Telegraph Rd

Year built

1972

Lot size

0.57 AC

Property size (Sq ft)

2,100 SF

Property type

Bars

Property subtype

Pubs

APN

01-027-026-10

APU

102702610

Description

This thriving 2,500 square foot bar in Carleton, MI, presents a unique investment opportunity. Strategically located on a high-traffic road, this established business benefits from consistent customer flow. The property includes a substantial outdoor deck complete with its own bar, perfect for expanding seating capacity and hosting various events, from al fresco dining to live entertainment. This versatile space significantly enhances the overall customer experience and revenue potential. Inside, the bar features a well-designed layout with ample seating surrounding a large central bar. A key advantage is the inclusion of a valuable, existing liquor license, eliminating a significant hurdle for new ownership and allowing for immediate operation. The sale also includes a convenient storage garage and ample parking for patrons. This turnkey operation is ideal for both experienced bar owners seeking expansion and first-time investors looking for a vibrant, established business with significant growth potential. The 0.57-acre lot provides ample space for future expansion or outdoor improvements. The asking price is $450,000.

• CAP approach

  CAP return

  Valuation

  6%

  $528,457

  6.5%

  $487,807

  7%

  $452,963

• Comparable approach

  Method

  Valuation

  Relative Method

  $495,014

  Geo Method

  $495,014

• Alternative Use

  Use

  Valuation

  Residential

  $411,483

  Hospitality

  $376,916

  Educational

  $313,590

  Medical

  $324,375

  Retail

  $487,807

Location Insight

City

Carleton

County

Monroe

State

Michigan

Latitude

42.0255

Longitude

-83.3421

CBSA code

33780

CBSA name

MONROE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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