321 State St - Storefront FOR SALE


Saint Joseph, MI 49085
$599,900 USD
269-930-3535
321 State St, Saint Joseph, MI for Sale
$599,900 USD
Storefront - FOR SALE
1/9
null | Request Cap Rate

321 State St
Saint Joseph, MI 49085


OVERVIEW

Exceptional opportunity to acquire an established winery tasting room business in the heart of the City of St. Joseph’s downtown district. Located in one of Southwest Michigan’s most recognized beach towns, approximately 90 miles from Chicago, this location benefits from strong tourism traffic, local loyalty, and consistent seasonal activity. The business has operated for more than 10 years with a history of steady growth in Michigan’s thriving wine region. The brand features a long standing wine club with more than 400 members and approximately 19,000 annual visitors, providing built in recurring revenue and strong customer retention. The tasting room occupies approximately 2,000 square feet and has been recently remodeled. The space includes a custom built tasting bar, tables, two ADA compliant restrooms, central air, natural gas forced air heat, and a full basement for storage. The business is situated within a designated Michigan Social District, allowing expanded customer engagement and additional annual revenue potential. The current lease runs through December 31, 2031 with an option to renew for an additional 10 years, subject to landlord approval of lease transfer. This provides long term location stability in a highly desirable downtown corridor. Included in the sale are the business name, trademark, logo, tasting room furniture and fixtures, leasehold interest, and proprietary brand assets. Inventory is negotiable. The sale does not include the real estate, liquor license, production building, or production equipment. The off premise tasting room license is tied to a parent Small Winery or Small Distillery license and is not transferable. Continued operation as a tasting room would require relicensing under a qualifying parent license. This offering presents a rare chance to acquire an established hospitality brand with proven traffic, membership base, and long term lease security in the City of St. Joseph’s premier downtown setting.

FOR SALE DETAILS

PRICE

$599,900 USD

PRICE/SF

$190 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bar, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

commercial

APN/PARCEL ID

11-76-0170-0001-00-2

ASK ABOUT THIS PROPERTY

Keene TaylorRealty Executives Instant EquityMore Info
269-930-3535

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Keene TaylorRealty Executives Instant EquityMore Info
269-930-3535

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.