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1007 Spring Street

Petoskey, MI 49770
  • $2,000,000
  • STATUS: Active
  • ON SITE: 164 Days
  • MLS #: 24046771
UPDATED: 52 min ago
$2,000,000
  • 0
    BEDS
  • 1.21
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
Built:
1982
County:

School Ratings & Info

School District:

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.

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© 2025 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2025-02-17T17:34:29.887.
www.bhhssnyder.com/homes/154732587
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1007 Spring Street Petoskey, MI 49770

  • Price: $2,000,000
  • Status: Active
  • On Site: 164 Days
  • Updated: 52 min ago
  • MLS #: 24046771
0
Beds
4
Baths
0
½ Baths
1.21
Acres
1982
Built
Neighborhood:
Petoskey City
County:
Emmet
School District:
Petoskey
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.
Exterior Features

Construction Materials Vinyl SidingBrick Foundation Details [] Parking Total 64 Road Surface Type Paved Roof Composition Water Access YN No Waterfront Features [] Waterfront YN No

Interior Features

Building Features Bath Common AreaFire Sprinkler Cooling Central Air Cooling YN Yes Heating Forced Air Heating YN Yes

Property Features

Auction Or For Sale For Sale Business Type Restaurant Cross Street W. Sheridan Inclusions Real EstateFurnitureEquipment Lease Considered YN No Listing Terms ConventionalCash New Construction YN No Property Sub Type Business Sewer Public Sewer Tax Annual Amount 17364 Tax Year 2024 Tenant Pays [] Utilities Phone AvailableNatural Gas AvailableElectricity AvailableCable AvailablePhone ConnectedNatural Gas ConnectedElectricity Connected Water Source Public Zoning B-3A

Listing provided courtesy of Tom Garner of Century 21 White House Realty: 231-972-7676. © 2025 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.


© 2025 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2025-02-17T17:34:29.887.
 
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