Historic Riverdale Tavern doesn’t promote in on-line public sale

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Though she hoped for a a lot completely different consequence, Kassandra Renneberg stays the proprietor of the historic Riverdale Tavern.

The 105-year-old Gratiot County landmark didn’t promote throughout an Aug. 17 on-line public sale.

“It was not a superb day,” Renneberg mentioned. “I’ve nothing however nice issues to say concerning the public sale service, however I feel everybody who stopped in right here (inquiring concerning the bar) knew I wasn’t in good well being and actually needed out so possibly that labored in opposition to me.”

She’s undecided what number of bidders participated within the public sale, performed by LASTBIDrealestate.com, however the prime bid she obtained was $156,000.

The sale would haven’t solely included the bar, all of its tools and the liquor license, but additionally Renneberg’s 1,785 sq. foot, three bed room residence and barn, that are situated on 5 heaps simply southwest of the tavern.

The excessive bid wasn’t even near what Renneberg had hoped for.

The public sale received off to a “gradual begin” with bidding solely reaching $112,000 by midday.

Historic Riverdale Tavern to be offered in on-line public sale

“I used to be instructed to stop watching,” Renneberg mentioned. “There was a flurry (of bidding) on the finish however nonetheless not what I used to be anticipating.”

That made for a protracted, disappointing day.

The tavern was in-built 1917 by her nice grandfather Charles Inexperienced and has remained in her household ever since. Renneberg, 66, has been concerned with the enterprise since 1980.

Nevertheless, there’s nonetheless an opportunity a purchaser would possibly come ahead.

“We’re in negotiations with a few people who find themselves ,” Renneberg mentioned. “We’ll see what occurs within the subsequent couple of weeks. My husband (John) actually desires me to promote.”

Even when the tavern is finally offered the brand new proprietor must apply to the Michigan Liquor Management Fee to get the liquor license switched into their title, plus get a meals allow from the well being division and a lottery license from the state.

That course of may take a number of months.