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1007 Spring Street

Petoskey, MI 49770
  • $2,000,000
  • STATUS: Active
  • ON SITE: 227 Days
  • ID#: 72024046771
UPDATED: 44 min ago
$2,000,000
  • 0
    BEDS
  • 1.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,200
    SQFT
  • $323
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1982
County:
Area:
Zoning:
Other
Lot Size Dimensions:
irreg

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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IDX provided courtesy of Realcomp II Ltd. via The Calhoun Team of Pretty Home Realty and Realcomp II Ltd.. © 2025 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Calhoun Team of Pretty Home Realty are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2025-04-21T22:59:32.807.
www.prettyhomerealty.com/homes/154737854
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1007 Spring Street Petoskey, MI 49770

  • Price: $2,000,000
  • Status: Active
  • On Site: 227 Days
  • Updated: 44 min ago
  • ID#: 72024046771
0
Beds
0
Baths
0
½ Baths
1.21
Acres
6,200
SQFT
$323
$/SQFT
1982
Built
Neighborhood:
Petosky
County:
Emmet
Area:
Petosky
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 BrickFrameVinylWood Foundation Details Basement Foundation Materials Brick/Mortar Lot Size Dimensions irreg Road Frontage Feet 165 Road Frontage Type Paved Roof Material Composition Waterfront YN No

Interior Features

Commercial Utilities Fire Sprinkler Heating Cooling Forced AirCentral Air Heating Fuel Natural Gas Room Count 0

Property Features

Commercial Type Business And Real Estate Current Use Restaurant Land Contract YN No Listing Financing CashConventional Possession Negotiable Postal City Petoskey Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale Unknown Tax Amount Summer 17364.0000 Title Standard (Private) Total Tax 17364.0000 Unparsed Address 1007 Spring Street Water Source Public (Municipal) Year Remodeled 2006 Zoning Other

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Century 21 White House Realty: (231) 972-7676 and West Central AOR MLS, ©2025 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via The Calhoun Team of Pretty Home Realty and Realcomp II Ltd.. © 2025 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The Calhoun Team of Pretty Home Realty are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2025-04-21T22:59:32.807.
 
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