116 W 2nd St, Trufant

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30129192
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub
Status: Pending/Contingent
Building Size (RSF): 2,000 SF
Gross Building Area: See Agent
Sale Price: $225,000
Unit Price: $112.50 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/19/2018

Overview / Comments

Thriving business and building for sale! The Maple Valley Inn complete with all equipment, furnishings, and liquor license. Owner ready to retire, currently generating over $300,000 gross and $80,000 net annually with the owner working just 2 days a week. New roof summer of 2017, security system in place purchase of inventory optional, would be a separate bill of sale. Class C Liquor License with Sunday Special permit in place and included in sale.

Seller is not willing to enter into a management contract under a conditional liquor license. Any transaction will require a due diligence period of 3 to 6 months to accommodate the transfer of the liquor license.

Seller will not entertain land contract offers.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Montcalm
Taxing Authority: Maple Valley Township
Tax ID/APN: 013-170-010-00
Tenancy: Single Tenant
Legal Description: W 35 FT OF LOTS 10 & 11 ALSO SW 47 1/2 FT OF LOT 12 BLK 10 VILLAGE OF TRUFANT

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 805 2,211 7,197
Median Age: 43.06 39.72 41.12
Households: 334 832 2,714
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.