5 Stephenson AveGwinn, MI 49841

Property Details for 5 Stephenson Ave

Year built

1920

Lot size

0.16 AC

Property size (Sq ft)

2,900 SF

Zone code

MU

Property type

Commercial real estate

APN

52-05-340-050-00

APU

520534005000

Description

Own this established Gwinn, MI landmark, the Happy Hour Bar & Grill, listed at $230,000. This turnkey commercial property boasts a prime location on the main street and features a fully equipped restaurant with a versatile menu (tacos, burgers, pizza), a large bar area seating 30+, and entertainment options including a pool table and karaoke. The kitchen is equipped with stainless steel appliances, a gas range, vented hood, deep fryer, walk-in cooler, multiple freezers, and ample basement storage. Two upstairs apartments provide additional income potential or on-site living. Recent upgrades include a new 50,000 BTU split heat pump/AC system, roof, parking lot, furnace, water heater, flooring, and HD TVs. The cozy back deck offers additional seating. This profitable establishment is ready for a new owner to continue its success. The property is located at 5 E Stephenson, Gwinn, MI 49841, and includes the building and land. The property is zoned for commercial use. All systems are in place for immediate operation. This is a rare opportunity to acquire a thriving business with significant upside potential in a desirable location. The property is sold as-is.

• Alternative Use

  Use

  Valuation

  Residential

  $606,262

  Hospitality

  $555,333

  Educational

  $462,030

  Medical

  $477,920

  Retail

  $718,714

Location Insight

City

Gwinn

County

Marquette

State

Michigan

Latitude

46.2771

Longitude

-87.4286

CBSA code

32100

CBSA name

MARQUETTE, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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