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USAMIPetoskey1007 Spring St
1007 Spring St, Home with 0 bedrooms, 4 bathrooms and 64 parking in Petoskey MI | Image 1
1007 Spring St, Home with 0 bedrooms, 4 bathrooms and 64 parking in Petoskey MI | Image 2
1007 Spring St, Home with 0 bedrooms, 4 bathrooms and 64 parking in Petoskey MI | Image 3
1007 Spring St, Home with 0 bedrooms, 4 bathrooms and 64 parking in Petoskey MI | Image 4
1007 Spring St, Home with 0 bedrooms, 4 bathrooms and 64 parking in Petoskey MI | Image 5
1007 Spring St, Home with 0 bedrooms, 4 bathrooms and 64 parking in Petoskey MI | Image 6
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Added 10 months ago

$2,000,000

1007 Spring St, Petoskey, MI

Real Estate

For Sale

Listed price in listed location currency (USD).
$2,000,000

Added 10 months ago

04-64
  • Key Facts
  • Description
  • Map

Key Facts

Type Business
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $17,364
Days Active 290
Approx. Age 1982
MLS® Number 24046771

Property Address: 1007 Spring St, Petoskey, Michigan

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number24046771
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1982
Stories2
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air
A/CCentral Air
Heating Fuel

Extras

Real Estate, Furniture, Equipment
1007 Spring St, Petoskey, MI

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