1007 Spring Street Active Save Request In-Person Tour Request Virtual Tour
Petoskey,MI 49770
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 6,200 sqft
Price per Sqft $322
Municipality Petoskey City
MLS Listing ID 24046771
Full Baths 4
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1982
Annual Tax Amount $17,364
Tax Year 2024
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. 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 West Central - W
Direction US-131 to Spring Street to Parking lot into Southwoods Bar & Grill.
Interior
Heating Forced Air
Cooling Central Air
Inclusions Real Estate, Furniture, Equipment
Exterior
Utilities Available Phone Available,Natural Gas Available,Electricity Available,Cable Available,Phone Connected,Natural Gas Connected,Electricity Connected
Waterfront No
View Y/N No
Roof Type Composition
Street Surface Paved
Total Parking Spaces 64
Building
Building Description Vinyl Siding,Brick, Bath Common Area,Fire Sprinkler
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Brick
New Construction No
Schools
School District Petoskey
Others
Tax ID 52-19-06-300-086
Ownership Partnership
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash