224 E Caspian Avenue $114,500

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    224 E Caspian Avenue Caspian, MI 49915

    • 2,498 sq. ft.
    • 0.17 Acres
    • Commercial
    • MLS# 50137186
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    Views: 69 Days On Site: 239

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    Property Details

    Check out this well established Upper Peninsula neighborhood bar in downtown Caspian. Built in 1917 as an Ice Cream Parlor and turned into a tavern after prohibition. Live upstairs in the spacious 2 bedroom 960 square foot apartment or rent it out for extra income. This property has a neat and clean interior with a well organized kitchen ready for a new owner to take over. Newer fryer, only 4 years old, new was $10K. Liquor license is included. All buildings have metal roofing. Interior has an inviting atmosphere with newer flooring and a U.P. vibe. His & hers restrooms along with a back room for beverage storage. This area also has a walk-in cooler. Main building 24x40 with 960 sf in the bar area and another 960 in the upstairs apartment. kitchen plus backroom storage area add another ~578 sf. There is a partial basement, 10 x 13, which is rock & mortar and poured concrete with a natural Gas forced air furnace, 15 yrs and electric water heater, 4 yrs. Tables, chairs, stools, appliances, walk-in cooler and pool table are all included. Dart machine and jukebox are rented. Older garage at alley for storage. There are some new windows and extra vinyl siding for the building that will stay.

    • General Features
      • Acreage 0.17
      • Area Municipality Caspian (36004)
      • County Iron
      • Originating MLS Upper Peninsula Assoc of Realtors
      • Ownership LLC
      • Subdivision Plat of Caspian
      • Total SqFt Finished 2498
      • Waterfront Y/N No
      • Year Built 1917
      • ZONING Commercial
    • Building Features
      • Exterior Construction Other, Partial-Vinyl
      • Foundation Type Basement, Crawl
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
      • Roofing Metal
    • Property Features
      • Water Public Water
      • Water Features None
      • PARKING On Site
      • Lot Size 50x150
      • Roads City/County, Paved Street
      • Sewer Septic Public Sanitary

    Neighborhood

    49915 (Caspian) Demographics

    48 Median Age
    360 Population Density (per sq. mile)
    25% College Educated
    $38,977 Estimated Median Income
    120 Estimated Total Home Owners
    33 Estimated Total Renters
    78% / 22% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    324 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $81,750 Median Sales Price
    2 Homes Sold
    2 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $114,500
        8/14/2024 2:37:42 PM Price Reduced Source: Multiple Listing Service New Value: $114,500 -4.5%
        3/29/2024 5:22:00 PM New in Database Source: Multiple Listing Service New Value: $119,900

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.