Active
1007 Spring Street
Petoskey MI, 49770
$2,000,000
$322.58 per sqft
Active
6,200 sqft
Commercial
Built in 1982
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.
72024046771
MLSⓇ ID
September 5, 2024
Listed
November 22, 2024
Updated
Map
1007 Spring Street
Petoskey MI, 49770
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.21 Acres
School Information
School District
Petoskey
Other Property Details
Area Name
Petosky
Taxes
$17,364
Tax Frequency
Annually
Days on Market
2
Garage
No
View
No
County
Emmet
Pool
No
Zoning
Other
Courtesy of Century 21 White House Realty
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Data last updated 5:52 AM UTC, 11/22/2024