$145,000
$174,900
17.1%For more information regarding the value of a property, please contact us for a free consultation.
3,500 SqFt
SOLD DATE : 11/30/2021
Key Details
Sold Price $145,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $41
MLS Listing ID 79001329365
Sold Date 11/30/21
Originating Board Central Michigan Association of REALTORS®
Year Built 1979
Annual Tax Amount $1,105
Lot Size 0.360 Acres
Acres 0.36
Lot Dimensions 120 x 130
Property Description
Fantastic opportunity to own a turn-key restaurant and bar located just off M-57 in Perrinton MI, known as the Rainbow Inn. This property is very near to the bustling community of Rainbow Lake and there is very limited competition in the area. Built in 1979 this 3,500 sq. ft. brick exterior building has had many updates including custom bar top, new flooring, ADA ramp, and renovated bathrooms and kitchen improvements. There is a large dance floor and seating for 80 +. Outside there is ample parking and room for outdoor patio seating. Clean and well lit patrons can bring their whole family here. All building contents are included in purchase with exception to the POS system, darts, jukebox and ATM which are contracted and can continue. Liquor licenses subject to state approval of buyer.
Location
State MI
County Gratiot
Area Fulton Twp
Zoning Commercial
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Waterfront no
Roof Type Asphalt
Accessibility Disabled Access
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick,Frame
Others
Tax ID 4310001100
Ownership Private Owned
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Unknown/Data Share Listings
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