13996 N Territorial Rd - Restaurant FOR SALE


Gregory, MI 48137
$459,000 USD
734-994-3100
13996 N Territorial Rd, Gregory, MI for Sale
$459,000 USD
Restaurant - FOR SALE
1/10
null | Request Cap Rate

13996 N Territorial Rd
Gregory, MI 48137


OVERVIEW

• Rare opportunity to own a historic Inn located across from Inverness Country Club • Close proximity to North Lake, natural preserves, trails, lakes, and campgrounds • Nearby attractions include Pickney Recreation Area, Crooked Lake Rustic Campground, Blind Lake Campground, Waterloo State Recreation Area, and DTE Energy Foundation Trail • Guenther Homes is developing 48 homes in the area, with 40 more planned for the future • The Inn is the sole sit-down restaurant with alcohol within a 10-mile radius • Centrally located near Chelsea, Dexter, Jackson, and Ann Arbor • Tavern with occupancy for 186 and an additional 46 seats on the patio • Recently updated interior with an open floor plan and a large bar • Features a main dining room in a log cabin setting with a stunning stone fireplace. • Two additional dining areas for flexible dining arrangements, private events, and live music • Spacious deck overlooking the property with ample parking for employees and guests • Property comprises three parcels and is listed at $459,000 • Liquor license and furniture, fixtures, and equipment available separately for $140,000

FOR SALE DETAILS

PRICE

$459,000 USD

PRICE/SF

$99 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Iverness Inn

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

C-1

APN/PARCEL ID

04-18-463-023

ASK ABOUT THIS PROPERTY

Jim ChaconasColliers InternationalMore Info
734-994-3100

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Jim ChaconasColliers InternationalMore Info
734-994-3100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.