215 N Mill St - Restaurant FOR SALE


Northport, MI 49670
$1,350,000 USD
231-714-4787
215 N Mill St, Northport, MI for Sale
$1,350,000 USD
Restaurant - FOR SALE
1/38
null | Request Cap Rate

215 N Mill St
Northport, MI 49670


HIGHLIGHTS

  • One-of-a-kind, turn-key business and real estate in beautiful Northport, Michigan.
  • Yard & Lake is one of the most unique and creative multifaceted pieces of real estate that Northport has seen in a long time!
  • Cocktail bar, restaurant, commercial kitchen, outdoor biergarten with Airstream-style service bar, back courtyard and back residential building.

OVERVIEW

Yard & Lake is one of the most unique and creative multifaceted pieces of real estate that Northport has seen in a long time! Welcome to 215 N. Mill St., a captivating and cash flowing property at the tip of Michigan's Leelanau Peninsula. This 100' x 100' property unfolds across four phases, each offering unique experiences and opportunities. Phase 1 sees the transformation of the two-story North End Guest House, with a courtyard refurbishment featuring a notable facade mural by artist W.C. Bevan. Explore the Y & L Ecology Garden and its enchanting bed plantings. In Phase 2, immerse yourself in a lake-themed retail marketplace showcasing Y & L branded merchandise. Experience the innovative 'store within a store' concept with Hidden Toys, launched in 2022. Phase 3 brings culinary delights with a restaurant and bar renovation. Relax in the front yard Beer Garden with its custom Airstream-style service bar and pergola. Enjoy the courtyard seating area designed for events. Phase 4 offers diverse activations, including music performances, pop-up suppers, and specialty classes. Delight in Michigan's culinary scene with curated experiences highlighting local vineyards, breweries, and distilleries. This versatile venue also offers rental options for weddings, special events, and community festivals. Additional Features: - Class C liquor license - Large commercial kitchen - Two residential units available for rent - Venue opportunities - Seller financing is possible Join us at 215 N. Mill St. and discover the endless possibilities of this remarkable property. Schedule your showing today!

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$406 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

Commercial

APN/PARCEL ID

042-450-048-00

ASK ABOUT THIS PROPERTY

Blake BernardBernard GroupMore Info
231-714-4787

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Blake BernardBernard GroupMore Info
231-714-4787

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