Listed by Keller Williams Northern Michigan Properties
$1,295,000
200 W Portage Ave
Details
APN 051-143-152-00; 051-143-150-00
Property Type Retail
Sub Type Restaurant
Square Footage 9,254
Units 5
Year Built 1903
Acreage 0.160
Retail | 9,254 SqFt
Marketing description
The iconic Palace Saloon, established in 1903 and located in the heart of downtown SSM, is now for sale! This well established restaurant is known for its unbeatable atmosphere, long-standing reputation, and loyal customer base. Featuring a stunning original mahogany bar, cozy ambiance, and a full-service kitchen, the Palace serves up a beloved mix of Mexican and American cuisine — including time-honored recipes dating back over a century. Renowned for its chili con queso, expansive tequila bar, and oversized margaritas, this turn-key opportunity combines historic charm with strong financial potential. In addition to the thriving restaurant and bar, the property includes three updated rental units currently operating as Airbnb: a studio, a 1-bed, and a 3-bed apartment. A fourth space.
Listing Contacts
Listed by Keller Williams Northern Michigan Properties
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
