121 S Pine River Street
Ithaca, MI, 48847 $ 215,000
Baths2.0 Sq 3,073 Monthly Estimate*
$ 1,288
Studio
for $215,000 with 2 full baths. This 3,073 square foot building was built in 1950 on a lot size of 0.1.
Great opportunity to own a turnkey established business in Ithaca MI. Four7 Food and Spirits, is a family oriented sports bar. Well kept and clean with a gorgeous oak bar counter, Four7 has a lively and energetic vibe. You will appreciate the comfortable seating, beautifully remodeled bathrooms, ample lighting and storage. Numerous upgrades have been undertaken, including a newer roof, furnace, freezers, fryers, hot water heater, ice machine, keg cooler, and electric panel. Even the kitchen exhaust fan is less than a year old. The package includes the Building, License (Sunday PM, Class C - Spirits & Mixed Spirit Drinks, Dance, Entertainment), Inventory, Fixtures, Furniture, and Equipment. There is also potential opportunity for an expanded outside service area to compliment the conditioned space. Located in downtown Ithaca, Four7 serves a diverse clientele, including locals, visitors and professionals. Ithaca is the county seat of Gratiot County bringing in a higher level of activity to the vicinity. The downtown area boasts a mix of thriving businesses and residential apartments. Ithaca also has an active promotional committee boosting economic activity and events in the downtown district. If you have a passion for hospitality and a desire to be part of the community, Four7 may be perfect for you. Possible owner financing.
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FeaturesGeneralSewer Public Sewer
Heating Forced Air Natural Gas
Cooling Central Air Dual
Utilities Water Connected Sewer Connected Natural Gas Connected High Speed Internet Connected Electricity Connected Cable Connected
Roof Other
Appliances Wine Cooler Free-Standing Refrigerator Free-Standing Freezer Built-In Refrigerator Bar Fridge Built-In Gas Range
Exterior Features Awning(s) Rain Gutters
Garage Spaces 0.0
Pool Features None
Construction Materials Brick Vinyl Siding
Year Built 1950
Township All Out of Area Townships Cities and Villages
Levels One
Property SubType Commercial Sale
Tax Year 2023
Business Type Bar/Tavern/Lounge
Accessibility Accessible Approach with Ramp Accessible Hallway(s)
County Gratiot
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name None
Garage Y/N N
Status Active
Directions From US 27 Exit117 onto Washington Rd. Head West on Washington. Turn left or south onto S Pine River to property.
City Ithaca
View Y/N N
High School District Ithaca
Lot Size Units Acres
Lot Size Square Feet 4268.88
Waterfront Y/N N
Carport Spaces 0.0
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 2155.0
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 34900
Legal Description WD L 549 P 755 ORIGINAL PLAT COM 12 FT N OF SW COR OF LOT 7 BLK 10 TH E 132 FT N 37 1/2 FT W 52 FT S 5 FT 4 IN W 80 FT S 32 FT 2 IN TO POB. CITY OF ITHACA
Senior Community None
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InteriorBasement None
Flooring Carpet Laminate
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 2190.0
Laundry Features None
Entry Level 1
Electric On Property Y/N N
Total Baths 2
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ExteriorFencing None
Parking Features Outside
Lot Features City Lot
Water Source Public
Lot Size Area 0.1
Foundation Details Slab
Building Area Total 3073.0
Lot Dimensions 32 x 132
Lot Size Acres 0.1
Road Surface Type Asphalt
Foundation Area 3073.0
Road Frontage Type City Street
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByPatti J WarnkeListing Agent
Patti Warnke Real Estate GroupBroker
pattijwarnke@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,288
- Monthly Property Taxes
- $180
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 5.99% 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.
Learn more about how to save NearbyCommerical listings in Ithaca, MI
Average List Price $168,057
Percent of Sale Price 22%
About Ithaca, MI 2,965 Population
-6% Since 2002
$ 36,353 Median Income
40.05 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
4613096 Elementary School
4613097 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
9/3/2024 | $215,000 | -4.40% | Price Down |
5/19/2024 | $224,900 | | Listed Price |