255 Fair Avenue Marenisco, MI ^$ 160,000

255 Fair Avenue

^$ 160,000

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New Construction

255 Fair Avenue

Marenisco, MI, 49947

^$ 160,000

Studio Baths0.0 Sq 3,000

Monthly Estimate*

^$ 1,063

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Studio

Commercial Property for sale in Marenisco, MI

for $160,000. This 3,000 square foot building was built in 1975 on a lot size of 0.54.

Well established bar/restaurant known as Two Fat Guys Bar & Grill. This business is located on the main street of Marenisco, just blocks from the main snowmobile and ATV trail. The present owners have been doing business for the last 6 years, during this time they have built a very successful bar and eating establishment! The building has been well maintained and updated to date. At time of sale the business will include all commercial furnishings, equipment and signage. This could be the opportunity to own your own business and live in "God's Country". Call today for more information and/or to schedule a showing. (2022 Tax Info.: $79,360, SEV: $79,360, 2022 Total Taxes: $4,071)

Commercial Active

Price

^$ 160,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 4,071

Style

Business

Lot Size

0.54

Year Built

1975

Town/City

Marenisco

County/Region

Gogebic

MLS | Web ID

50115999

Features

General

Heating Forced Air

Cooling Central A/C Exhaust Fan

Roof Asphalt

Exterior Features Deck/Patio

Zoning COMM Commercial

Water Public Water

Status Active Active

Year Built 1975

Parking 11-20 Spaces Off Street Parking Lot

Water Heater Gas

County Gogebic

Class COM/IND/BUS OPP

Type Business

Business Type Bar/Resturant

Percent Ownership Private

Municipality Marenisco Twp

Commercial Features 220 Volt Power Bath Concrete Floor Fixtures Furniture Pole Sign Public Restrooms

Area Marenisco Twp (27008)

Location Corner Lot

Directions Marenisco: S off of US 2 on Fair Ave. 1/4 mile to 255 Fair Ave. Property is on L hand side of the road. Sign Posted

City Marenisco

Street Name Fair

Financial Terms Cash Conventional

Legal Description SEC 16 T46N-R43W LOTS 20 21 22 BLK 10 OF C S CURTIS ADDITION TO VILLAGE OF MARENISCO SUB OF BLKS A & B. FULL LEGAL ON FILE

DOM 314

Price Per Sq Ft Total 53.33

Coming Soon Well established bar/restaurant known as Two Fat Guys Bar & Grill. This business is located on the main street of Marenisco

Exterior

Exterior Wood

Frontage 0

Lot Size Area 0.54

Lot Dimensions 130x180

Well/Septic Inspection Done No

Water Features None

Roads City/County Paved Street

Waterfront Y/N No

Interior

Ceiling Height Less than 16 Ft.

Fuel Type Natural Gas

* Excluded Features

List By

TODD BORSETH

Listing Agent

Borseth Properties

Broker

info@borsethproperties.com

Affordability Calculator

$1,403

Per Month

Monthly Principal & Interest: $1,063
Monthly Property Taxes: $339
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% 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.

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Nearby

Trends
Schools

Commerical listings in Marenisco, MI

Average List Price ^$179,250

Percent of Sale Price 12%

About Marenisco, MI

224 Population

4% Since 2002

^$48,413 Median Income

55.45 Median Age

11% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

Pricing History

Date	Price	Price Change	Description
5/23/2024	$160,000	-3.03%	Price Down
4/11/2024	$165,000	-10.76%	Price Down
2/26/2024	$184,900	-15.57%	Price Down
7/20/2023	$219,000		Listed Price

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255 Fair Avenue, Marenisco, MI, 49947 is a Commercial Property for sale at $160,000 with 3,000 sqft and a lot size of 0.54. 255 Fair Avenue is a studio with 0.0 baths and was built in 1975. The property's zip code is 49947 which is in Marenisco, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% 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.

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255 Fair Avenue

Commercial Property for sale in Marenisco, MI

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