827 Promenade St - Restaurant FOR SALE


Bay Port, MI 48720
$550,000 USD
248-228-4409
827 Promenade St, Bay Port, MI for Sale
$550,000 USD
Restaurant - FOR SALE
1/14
null | Request Cap Rate

827 Promenade St
Bay Port, MI 48720


HIGHLIGHTS

  • Steps from Lake Huron
  • Class B Hotel Liquor License
  • Completely Remodeled in 2021

OVERVIEW

This is an awesome opportunity! All the work has already done and no expense was spared in the remodel. This is truly a turn-key business opportunity with potential for growth. The Bay Port Inn is a grand, historic building located in the center of a charming lakeside village. It's literally just a few steps from Lake Huron, the public boat launch onto Wildfowl Bay and the Historic Bay Port Fish Company. The restaurant/bar was completely remodeled in 2021 with a back bar and patio area added in 2023. It includes a rare, Class B Hotel Liquor License, as well as a 3 Bedroom, 1.5 bath (occupied) upstairs apartment, plus additional 1,800sqft yet to be utilized. The air conditioned kitchen was also completely revamped, the entire ventilation system is new and the mechanicals were replaced as well. Furnace, AC system, generator, electrical and plumbing were all replace in 2021. Did I mention the 10 tap beer system, new bathrooms, 5 station POS system or 13 TV's? The back/tiki bar patio area features a large, inside bar along with several tables and chairs (seating for 50) as well as glass, roll top doors that open the entire tiki bar to the outside. The outside, fenced patio area has additional tables, two gas firepits(underground gas lines) and even a covered, stage area to house your outdoor entertainment. This is a VERY BUSY, well established business in a growing waterside, resort town. Nothing was missed in the remodel and no expense was spared.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Bay Port Inn

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1918

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

-

APN/PARCEL ID

08-136-155-10

ASK ABOUT THIS PROPERTY

Traci EnsCentury 21 Sakmar & AssociatesMore Info
248-228-4409

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Traci EnsCentury 21 Sakmar & AssociatesMore Info
248-228-4409

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