4472 M-75 - Bar FOR SALE


Walloon Lake, MI 49796
$1,299,000 USD
616-250-6751
4472 M-75, Walloon Lake, MI for Sale
$1,299,000 USD
Bar - FOR SALE
1/29
null | Request Cap Rate

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4472 M-75
Walloon Lake, MI 49796


HIGHLIGHTS

  • Situated in a thriving resort corridor with strong tourism and year-round demand.
  • On-site residential options include a single-family home and a one-bedroom apartment for flexibility and income.
  • Multi-revenue model featuring a restaurant, roller rink, and event space for weddings and entertainment.
  • Includes Class C liquor license, SDM license, and additional bar permit for event operations.
  • Prime location at the intersection of US-131 and M-75 with high visibility and traffic exposure.
  • Fully renovated in 2023, delivering a modern, turnkey hospitality and entertainment venue.

OVERVIEW

This offering presents a fully renovated hospitality and entertainment venue in the heart of Northern Michigan’s resort region. Formerly the Junction Bar & Grill, the property underwent a comprehensive transformation in 2023, creating a turnkey investment opportunity with multiple revenue streams. Positioned at the intersection of US-131 and M-75, the site benefits from exceptional visibility and steady traffic flow, making it a destination for both locals and seasonal visitors. The property features a modernized restaurant complemented by a versatile roller rink and event space, currently hosting weddings, private events, and live entertainment. A full Class C liquor license and Specially Designated Merchant (SDM) license are included, enabling on-site and carry-out alcohol sales. Additional amenities include a secondary bar permit for the event venue, enhancing operational flexibility. Residential components add further value, with a single-family home suitable for an owner-operator or staff housing, plus a one-bedroom apartment above the venue for additional income potential. This asset combines hospitality, entertainment, and residential elements in a market known for tourism, affluence, and year-round activity, offering investors a rare opportunity to acquire a lifestyle business with strong upside potential.

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$113 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

Commercial

APN/PARCEL ID

01000907000

ASK ABOUT THIS PROPERTY

Tom RumbleeXp RealtyMore Info
616-250-6751

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Tom RumbleeXp RealtyMore Info
616-250-6751

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