1007 Spring Street , Petoskey, MI 49770
Petoskey, MI 49770
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.
Details
| MLS# | 24046771 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1982 |
| Days On Site | 35 |
| Listing Provided By | Century 21 White House Realty | Tom Garner |
Features
| Bath(s) | 4 Total |
|---|---|
| SQ Feet | 6,200 |
| Story(s) | 2 |
| Units | 1 |
| Building(s) | 1 |
| Zoning | B-3A |
| Acreage | 1.21 |
Market Activity 49770
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Learn More About This Property
| State | MI |
|---|---|
| County | Emmet |
| City | Petoskey |
| Zip Code | 49770 |
| Area | West Central W |
| Subarea | W |
| School District | Petoskey |
| Listing VS Median (in 49770) | |
Price: $2,000,000 low | high Med: $2,000,000 SqFt: 6,200 low | high Med: 6,200 $ / SqFt: $323 low | high Med: $323 On Site: 35 low | high Med: 35.000000 | |