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$2,000,000
190 Days On Site

1007 Spring Street
Petoskey, MI 49770

For Sale|Business|Active
0
Beds
4
Full Baths
0
Partial Baths
6,200
SqFt
$323
/SqFt
1982
Built
County:
Emmet
Listing courtesy of Tom Garner of Century 21 White House Realty
1007 Spring Street1007 Spring Street1007 Spring Street1007 Spring Street
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Monthly Payment (Est.)

$9,125
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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 
190 Days
Bedrooms 
N/A
Inside Area (SqFt) 
6,200 sqft
Total Baths 
4
Full Baths 
4
Partial Baths 
N/A
Lot Size 
1.21 Acres
Year Built 
1982
MLS® Number 
24046771
Status 
Active
Property Tax 
$17,364
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 days agoListing updated with changes from the MLS®
6 months agoStatus changed to Active
6 months agoListing first seen on site
General Features
Acres 
1.21
Number Of Stories 
2
Parking Spaces 
64
Property Sub Type 
Business
Sewer 
Public Sewer
SqFt Total 
6200
Utilities 
Natural Gas AvailablePhone AvailableElectricity AvailableCable AvailablePhone ConnectedNatural Gas ConnectedElectricity Connected
Water Source 
Public
Zoning 
B-3A
Interior Features
Cooling 
Central Air
Heating 
Natural GasForced Air
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Exterior Features
Construction Details 
Vinyl SidingBrick
Roof 
Composition
Community Features
Financing Terms Available 
ConventionalCash
MLS Area 
West Central - W
Roads 
Paved
School District 
Petoskey
Township 
Petoskey City
Schools
School District
Petoskey
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Tom Garner of Century 21 White House Realty



Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, MichRIC MLS.
Last checked: 2025-03-14 05:44 PM UTC

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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