Commercial SaleBusiness1007 Spring Street, Petoskey, MI 49770

Basics

  • Date added: Added 3 months 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.

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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

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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.

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