$600,000
Tulelake, CA 96134
MLS# 25-4178
Status: Pending
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Property Description
Mike & Wanda's has been the Toast of the Town in rural Tulelake for 39 years! Tulelake, w/world famous waterfowling history, attracts people from far & wide! Building, business, equip., fixtures for restaurant & bar, non-perishable invt., furnishings. Point of sale sys, CA lottery sale sys. & Liquor Lic. to be sold together. A full Liquor Lic., type 47, w/type 58 atch., incl. Liquor Lic. allows for beer & wine to be sold ''off sale'', meaning: per ABC, ''if there is a specialty beer or wine, customers can buy it to take home, but cannot operate as a store''. Type 58 atch. allows alcohol to be served at catered events anywhere in CA. w/10 day period, reqd. for ABC to issue permit, & less than $200 fee, per ABC. Type 47: $960 per yr. Type 58 atch.: $280 per yr, per ABC. ABC not issuing Liquor Lics. in Siskiyou Co., currently for hard alcohol, only beer & wine. Transfer process: appx. $2200 fees, bkgd. check, appx. 60-90 day period for ABC appv. Ca. Lottery sales has transfer process for approval, taking aprx 60 days. Bar boasts pool table, unique bar & back bar out of San Francisco club, plenty of seating, & outside beer garden. Restaurant has not only great food, but largest banquet space for miles, hosting many events for various clubs/assocs. & holiday office parties. Kitchen is fully equipped, with new refrigeration sys. in walk-in freezer, new pizza oven, new ice cream machine, & private office space between cafe & bar. 3 public BRs, 1 private BR. Upstairs consists of 4 1 bed, 1 bath apartments with kitchens, over 20 single rooms and 4 more community bathrooms. Restoration and repair needed in many upstairs rooms. Roof needs Repair/Replace. Escrow may be 90 days+. Events are booked for this holiday season. Start the new year with a new opportunity! Showings must be scheduled around business hours & events, so as not to disturb patrons. Sellers happy to entertain all offers. Buyer to do due diligence. Siskiyou Co. ABC: 530-224-4830. Sellers are currently working on equipment list with aprx. ages of equipment. Hours of operation: Lunch 11-2 Mon-Fri, Dinner 4-8 Tues -Fri. There are endless creative business expansion possibilities here.
Details
Address Information
Street Suffix: Avenue
Cross Street: Main Street
Street Number: 429
Street Name: Modoc
State/Province: CA
Postal Code: 96134
County: Siskiyou
Property Description
Property Sub Type: Service
List Price: 600000
Parcel Number: 050-062-020-000
GP Zone: Not Available
Zoning: Not Available
Doing Business As: Mike and Wanda's
Aprx Square Feet: 10K +
Current Price: $600,000
Area: 99 - Outside Area
Remarks
Public Remarks: Mike & Wanda's has been the Toast of the Town in rural Tulelake for 39 years! Tulelake, w/world famous waterfowling history, attracts people from far & wide! Building, business, equip., fixtures for restaurant & bar, non-perishable invt., furnishings. Point of sale sys, CA lottery sale sys. & Liquor Lic. to be sold together. A full Liquor Lic., type 47, w/type 58 atch., incl. Liquor Lic. allows for beer & wine to be sold ''off sale'', meaning: per ABC, ''if there is a specialty beer or wine, customers can buy it to take home, but cannot operate as a store''. Type 58 atch. allows alcohol to be served at catered events anywhere in CA. w/10 day period, reqd. for ABC to issue permit, & less than $200 fee, per ABC. Type 47: $960 per yr. Type 58 atch.: $280 per yr, per ABC. ABC not issuing Liquor Lics. in Siskiyou Co., currently for hard alcohol, only beer & wine. Transfer process: appx. $2200 fees, bkgd. check, appx. 60-90 day period for ABC appv. Ca. Lottery sales has transfer process for approval, taking aprx 60 days. Bar boasts pool table, unique bar & back bar out of San Francisco club, plenty of seating, & outside beer garden. Restaurant has not only great food, but largest banquet space for miles, hosting many events for various clubs/assocs. & holiday office parties. Kitchen is fully equipped, with new refrigeration sys. in walk-in freezer, new pizza oven, new ice cream machine, & private office space between cafe & bar. 3 public BRs, 1 private BR.
Upstairs consists of 4 1 bed, 1 bath apartments with kitchens, over 20 single rooms and 4 more community bathrooms. Restoration and repair needed in many upstairs rooms. Roof needs Repair/Replace. Escrow may be 90 days+. Events are booked for this holiday season. Start the new year with a new opportunity! Showings must be scheduled around business hours & events, so as not to disturb patrons. Sellers happy to entertain all offers. Buyer to do due diligence. Siskiyou Co. ABC: 530-224-4830. Sellers are currently working on equipment list with aprx. ages of equipment. Hours of operation: Lunch 11-2 Mon-Fri, Dinner 4-8 Tues -Fri. There are endless creative business expansion possibilities here.
Directions: HWY 139 to Main Street, Tulelake. West on Main Street, cross RR tracks, left on Modoc. Establishment on the left.
Contract Information
Listing Contract Date: 2025-09-04
Status: Pending
List Date: 2025-09-12
Under Contract Date: 2026-02-10
Business Type
Liquor: 1
Restaurant: 1
Tavern: 1
Other: 1
Business Hours
5 Days: 1
Part Time: 1
Addl Business Info
Age of Business: More than 10 Years
Yr/Present Owner: More than 10 Years
Exclusive Parking: Yes
Alcohol License
Beer-Wine Onsale: 1
Beer-Wine Offsale: 1
Liquor Onsale: 1
Location Description
Downtown: 1
Sale Inclusions
Equipment: 1
Inventory: 1
Trade Fixtures: 1
Real Estate: 1
Miscellaneous
Smoke: 1
Other: 1
Security
Owned: 1
Available Terms
Cash: 1
Possession
Close of Escrow: 1
Photo
Agent Upload: 1
Owner Expenses
Common Area Maintain: 1
Electric: 1
Gas: 1
Insurance: 1
Taxes: 1
Trash: 1
Water: 1
Property Features
Business Type: Liquor; Restaurant; Tavern; Other
Business Hours: 5 Days; Part Time
Alcohol License: Beer-Wine Onsale; Beer-Wine Offsale; Liquor Onsale
Location Description: Downtown
Sale Inclusions: Equipment; Inventory; Real Estate; Trade Fixtures
Security: Owned
Miscellaneous: Smoke; Other
Owner Expenses: Common Area Maintain; Electric; Gas; Insurance; Taxes; Trash; Water
Available Terms: Cash
Possession: Close of Escrow
Photo: Agent Upload
IDX
Listing Office: Keller Williams Realty Roseville
Last Updated: March - 11 - 2026
Information deemed reliable but not guaranteed.