1007 Spring ST, Petoskey, MI 49770 - MLS#72024046771

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Coldwell Banker Town & Country Real Estate

karengillrealestate@gmail.com +1(810) 397-4451

$2,000,000

Est. payment - /mo

4 Baths

6,200 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type BusinessandRealEstate

Listing Status Active

Purchase Type For Sale

Square Footage 6,200 sqft

Price per Sqft $322

MLS Listing ID 72024046771

Year Built 1982

Lot Size 1 Sqft

Property Sub-Type BusinessandRealEstate

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 Area24152Petosky

Rooms

Basement CommonStorageLocker

Interior

Heating ForcedAir, NaturalGas

Cooling CentralAir

Exterior

Parking Features Asphalt

Utilities Available ElectricityConnected, NaturalGasConnected, PhoneAvailable, PhoneConnected

View Y/N No

Roof Type Composition

Building

Foundation Basement, BrickMortar

Sewer PublicSewer

Water Public

Schools

School District Petoskey

Others

Ownership Partnership

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Tom Garner of Century 21 White House Realty

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Coldwell Banker Town & Country Real Estate

+1(810) 397-4451

Broker | License ID: 308761

Broker License ID: 308761

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1007 Spring ST Petoskey, MI 49770

Coldwell Banker Town & Country Real Estate

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Get More Information