429 Modoc Avenue, Tulelake, CA 96134

New Listing
$600,000
Property Type: Business Opportunity Status: Active
Current Price: $600,000 List Date: 9/13/2025 Last Modified: 9/13/2025

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.

More Information MLS# 25-4178

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

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: Active List Date: 2025-09-12

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 Food Service Seating: 1 - 9 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
Listing Office: Keller Williams Realty Roseville
Last Updated: September - 13 - 2025
429 Modoc Avenue, Tulelake, CA 96134- MLS# 25-4178
Information deemed reliable but not guaranteed.

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