Commercial SaleBusiness1007 Spring Street, Petoskey, MI 49770

Basics

  • Date added: Added 1 month ago
  • Category:
  • Type:
  • Status:
  • Bathrooms: 4
  • Lot size: 1.21 sq ft
  • Year built: 1982
  • Bathrooms Full: 4
  • Lot Size Acres: 1.21 acres
  • Business Type: Restaurant
  • County: Emmet
  • MLS ID: 24046771

Description

  • Description:

    Welcome to the Southwoods pub and Grill, the premier ''GO-TO'' dining destination located in the heart of Petoskey, an upscale four-season tourist hotspot in Northern Michigan. Nestled in a competitive location fronting Spring Street (US-131 Highway), this property offers unparalleled visibility and accessibility, making it a cornerstone of the local dining scene for over 18 years. Conveniently close to local hotels, the casino, the hospital, and downtown Petoskey. Spanning 6,200 sq. ft. on a 1.2-acre lot, the interior floor plan is thoughtfully designed to accommodate a seating capacity of 140. The property includes two east-facing dining rooms, a cozy lounge area with booths, and a beautifully crafted full-service bar, perfect for hosting both locals and tourists alike. Adequate onsite parking ensures convenience for your patrons, while the well-designed layout offers room for future expansion, should you choose to grow this thriving business. With 45 well-trained, long-term employees, the restaurant delivers a consistent, high-quality dining experience that keeps customers coming back year after year. Whether you're looking to continue the legacy of Southwoods Family Restaurant or explore new business opportunities, this property offers a rare chance to own a successful, established business in a thriving tourist community. The combination of prime location, recent renovations, and strong local and tourist following makes this a standout investment opportunity in Northern Michigan. Seize the opportunity to own a piece of Petoskey's vibrant dining scene and capitalize on the growing demand for high-quality dining experiences in this picturesque and prosperous region.

    Show all description

Location

  • Directions: US-131 to Spring Street to Parking lot into Southwoods Bar & Grill.

Building Details

  • Building Area Total: 6200 sq ft
  • Number Of Units Total: 1
  • Construction Materials: Vinyl Siding, Brick
  • Sewer: Public Sewer
  • Heating: Forced Air
  • StoriesTotal: 2
  • Building Features: Bath Common Area, Fire Sprinkler
  • Roof: Composition
  • Number Of Buildings: 1

Amenities & Features

  • Parking Total: 64
  • Inclusions: Real Estate, Furniture, Equipment
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected
  • WaterSource: Public
  • Cooling: Central Air

Fees & Taxes

  • Tax Assessed Value: $329,509
  • Tax Year: 2024
  • Tax Annual Amount: $17,364

School Information

  • High School District: Petoskey

Miscellaneous

  • Road Surface Type: Paved
  • CrossStreet: W. Sheridan
  • Listing Terms: Conventional, Cash

Ask an Agent About This Home

By clicking the «REQUEST INFO» button you agree to the Terms of Use and Privacy Policy
This style property is located in is currently and has been listed on Tucker Benner Realty - Our Michigan Home. This property is listed at $2,000,000. It has bedrooms, 4 baths bathrooms, and is . The property was built in 1982 year.

Share this property

Copy

Or share with

Reset password

Enter your email address and we will send you a link to change your password.