1007, Spring, Petoskey, MI, 49770
- 4 baths
Basics
- Date added: Added 3 months ago
- Category: Commercial Sale
- Type: Business
- Status: Active
- 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
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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.
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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