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$2,000,000
117 Days On Site

1007 Spring Street
Petoskey, MI 49770

For Sale|Commercial Sale|Active
0
Beds
0
Full Baths
0
Partial Baths
6,200
SqFt
$323
/SqFt
1982
Built
County:
Emmet
1007 Spring Street1007 Spring Street1007 Spring Street1007 Spring Street
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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.

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Listing Snapshot
Price 
$2,000,000
Days On Site 
117 Days
Bedrooms 
N/A
Inside Area (SqFt) 
6,200 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.21 Acres
Year Built 
1982
MLS® Number 
72024046771
Status 
Active
Property Tax 
$17,364
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 months agoListing updated with changes from the MLS®
4 months agoListing first seen on site
General Features
Acres 
1.21
SqFt Total 
6200
Zoning 
Other
Interior Features
Heating 
Forced Air
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Exterior Features
Construction Details 
BrickVinyl SidingWood Siding
Frontage 
165
Roof 
Composition
Community Features
MLS Area 
Petosky
School District 
Petoskey
Schools
School District
Petoskey
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Century 21 White House Realty: 2316296006



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Neighborhood & Commute
Source: Walkscore
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