MI > Emmet > Petoskey > 1007 Spring Street

$2,000,000

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  • MLS# 24046771
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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.

Property Information

Status
Active 
Address
1007 Spring Street 
City
Petoskey 
Zip
49770 
Year Built
1982 
Business Type
Restaurant 
County
Emmet 
Above Grade SqFt
6,200 
Possession
Negotiable 
Price/SqFt
322.58 

School Information

School District
Petoskey 

Taxes

Features

Total No. of Units
Features
Bath Common Area, Fire Sprinkler 
Zoning
B-3A 
Water
Public 
Sub Property Type
Business 
Cooling
Central Air 
Heating
Forced Air 

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  • Market Statistics
  • Property History
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  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
24046771 Active Sep 5 2024 2:59PM $2,000,000 32
463516 Apr 6 2023 11:15AM $1,900,000 $1,600,000 1265
463516 Apr 1 2022 2:45PM $1,600,000 $1,400,000 1265
463516 Active Oct 14 2020 2:56PM $1,400,000 1265
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls, emails, and texts from Real Estate One and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.

Listing Broker

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Listing Courtesy of Century 21 White House Realty
Office Address 10060 Buchanan Road
Listing Agent Tom Garner

1007 Spring Street Petoskey
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$2,000,000
For Sale • Acres: 1.21 • Zoning: B-3A