1007 Spring Street Petoskey, MI ^$ 2,000,000

1007 Spring Street

^$ 2,000,000

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1007 Spring Street

Petoskey, MI, 49770

^$ 2,000,000

Bedrooms-- Baths-- Sq 6,200

Monthly Estimate*

^$ 12,477

1007 Spring Street, Petoskey, MI 49770 - Image 1

1007 Spring Street, Petoskey, MI 49770 - Image 2

1007 Spring Street, Petoskey, MI 49770 - Image 3

1007 Spring Street, Petoskey, MI 49770 - Image 4

1007 Spring Street, Petoskey, MI 49770 - Image 5

1007 Spring Street, Petoskey, MI 49770 - Image 6

Commercial Property for sale in Petoskey, MI

for $2,000,000. This 6,200 square foot building was built in 1982 on a lot size of 1.21.

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.

Commercial Active

Price

^$ 2,000,000

Property Type

Commercial

Taxes

^$ 17,364

Style

Business

Lot Size

1.21

Year Built

1982

Town/City

Petoskey

County/Region

Emmet

MLS | Web ID

70429224

Features

General

Heating Forced Air

Roof Composite

Status Active Active

Year Built 1982

Parking 21+ Spaces

County Emmet

Class COM/IND/BUS OPP

Type Business

Ownership Partnership

Municipality Petoskey

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Commercial Features Bath Furniture Sprinkler System

Area Petoskey (24027)

Primary City Petoskey

Directions US-131 to Spring Street to Parking lot into Southwoods Bar & Grill.

City Petoskey

Financial Terms Cash Conventional

Legal Description DIST:52 CITY/MUNI/TWP:CITY OF PETOSKEY SEC/TWN/RNG/MER:SEC 06 TWN 34N RNG 05W COM 2 RD N & 2 RD E OF SW COR OF E 1/2 OF

DOM 463

Postal Code 49770

Price Per Sq Ft Total AG 322.58

Public Remarks Welcome to the Southwoods pub and Grill the premier ''GO-TO'' dining destination located in the heart of Petoskey

Exterior

Exterior Brick Frame Vinyl Siding Wood

Frontage 165

Lot Size Area 1.21

Lot Dimensions irreg

Roads Paved Street

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Tom Garner

Listing Agent

Century 21 White House Realty

Broker

tgarner.c21@gmail.com

Affordability Calculator

$13,924

Per Month

Monthly Principal & Interest: $12,477
Monthly Property Taxes: $1,447
Monthly Home Insurance: --

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Down Payment

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Petoskey, MI

Average List Price ^$2,059,333

Percent of Sale Price 3%

About Petoskey, MI

5,638 Population

0% Since 2002

^$40,542 Median Income

38.81 Median Age

19% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/5/2024	$2,000,000		Listed Price

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1007 Spring Street, Petoskey, MI, 49770 is a Commercial Property for sale at $2,000,000 with 6,200 sqft and a lot size of 1.21. 1007 Spring Street was built in 1982. The property's zip code is 49770 which is in Petoskey, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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1007 Spring Street

Commercial Property for sale in Petoskey, MI

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