Homes for sale - 1007 Spring Street, Petoskey, MI 49770

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Sara Ston

sara@stonway.com +1(248) 736-5409

$2,000,000

Est. payment - /mo

6,200 SqFt

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UPDATED:

09/05/2024 07:24 PM

Key Details

Property Type Commercial

Sub Type Business And Real Estate

Listing Status Active

Purchase Type For Sale

Square Footage 6,200 sqft

Price per Sqft $322

MLS Listing ID 72024046771

Originating Board West Central Association of REALTORS®

Year Built 1982

Annual Tax Amount $17,364

Lot Size 1.210 Acres

Acres 1.21

Lot Dimensions irreg

Property 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.

Location

State MI

County Emmet

Area Petosky

Zoning Other

Direction US-131 to Spring Street to Parking lot into Southwoods Bar & Grill.

Interior

Heating Forced Air, Central Air

Heat Source Natural Gas

Exterior

Utilities Available Fire Sprinkler

Waterfront no

Roof Type Composition

Road Frontage Paved

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Brick,Frame,Vinyl,Wood

Schools

School District Petoskey

Others

Tax ID 521906300086

Acceptable Financing Cash, Conventional

Rebuilt Year 2006

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Unknown/Data Share Listings

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Listed by Tom Garner of Century 21 White House Realty

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Sara Ston

+1(248) 736-5409

Team Leader | License ID: 391884

Team Leader License ID: 391884

1007 Spring Street Petoskey, MI 49770

Sara Ston

Sara Ston

Key Details

Location

Interior

Exterior

Building

Schools

Others

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