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

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Jennifer Rodgers

[email protected] +1(517) 398-2541

$ 2,000,000

Est. payment -/mo

Save

Active

1007 Spring Street Petoskey, MI 49770

4 Baths

6,200 SqFt

UPDATED:

09/05/2024 06:51 PM

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

Listed by Century 21 White House Realty

Jennifer Rodgers

Broker | License ID: 6505414638

+1(517) 398-2541

Jennifer Rodgers

1007 Spring Street Petoskey, MI 49770

Key Details

Location

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

1007 Spring Street