224 E Caspian Avenue Caspian, MI $ 109,500
224 E Caspian Avenue
$ 109,500
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224 E Caspian Avenue

Caspian, MI, 49915
$ 109,500
Bedrooms-- Baths-- Sq 2,498

Monthly Estimate*

$ 683

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Commercial Property for sale in Caspian, MI

for $109,500. This 2,498 square foot building was built in 1917 on a lot size of 0.17.

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.

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Commercial Active

Price

$ 109,500

Property Type

Commercial

Taxes

$ 1,101

Style

Business

Lot Size

0.17

Year Built

1917

Town/City

Caspian

County/Region

Iron

MLS | Web ID

50137186

Features
General
Heating Forced Air
Roof Metal
Water Public Water
Status Active Active
Year Built 1917
Parking On Site
Subdivision Plat of Caspian MI
Water Heater Electric
County Iron
Class COM/IND/BUS OPP
Type Business
Ownership LLC
Municipality Caspian
Zoning Commercial
Sale/Rent For Sale
Status Detail 0
Commercial Features Alley Cafe/Kitchen Internet Available Living Quarters Attached Outbuilding(s) Public Restrooms Sidewalks Vinyl/Laminate Floors
Area Caspian (36004)
Primary City Caspian
Location Main Street
Directions From Iron River take 189 South to Caspian Ave. Follow into Caspian. Bar is on Right.
City Caspian
Financial Terms Cash Commercial Loan
Legal Description Section 1 T42N R35W Plat of Caspian Lots 6 & 7 Block 4
DOM 619
Postal Code 49915
Price Per Sq Ft Total AG 43.84
Public Remarks
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Exterior
Exterior Other Partial-Vinyl
Frontage 50
Lot Size Area 0.17
Lot Dimensions 50x150
Water Features None
Roads City/County Paved Street
Waterfront Y/N No
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Interior
Ceiling Height Less than 16 Ft.
Fuel Type Natural Gas
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* Excluded Features
List By
JORDYN LEONARDUZZI

Listing Agent

Re/Max North Country

Broker

jordynl@remax.net

Email

Affordability Calculator

$775
Per Month
88%
12%
0%
Monthly Principal & Interest
$683
Monthly Property Taxes
$92
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/17/2025$109,500 -4.37% Price Down
8/14/2024$114,500 -4.50% Price Down
3/29/2024$119,900 Listed Price

Map


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224 E Caspian Avenue, Caspian, MI, 49915 is a Commercial Property for sale at $109,500 with 2,498 sqft and a lot size of 0.17. 224 E Caspian Avenue was built in 1917. The property's zip code is 49915 which is in Caspian, MI