See all 26 photos
26 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Coldwell Banker Schmidt-Bellai
$620,000
Est. payment /mo
2 Baths
2,400 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hospitality
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $258
MLS Listing ID 1945055
Year Built 1950
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type Hospitality
Property Description
Turn-key investment opportunity located in the heart of downtown Bellaire with established tenants in place. This updated 2,400 square foot commercial building offers strong visibility and stable income potential in one of Northern Michigan's premier destination communities. The property currently hosts the Fireside Lounge (10-year lease) and The Escape Room (2-year lease), providing immediate cash flow. Lease terms are available upon request. Recent improvements include insulation, furnace, electrical, a ceiling-mounted air filtration system, flooring, and roof resealing with rubber membrane and updated flashing. The structure features durable cement block construction, public utilities, a generator hookup, and two restrooms (one ADA-compliant). Included in the sale are the bar structure and attached lighting. Please note that tenant-owned furniture, décor, sinks, dishwashers, and under-bar items are excluded. Enjoy an unbeatable downtown location with convenient accessibility and close proximity to Bellaire's famous shops, restaurants, and year-round recreation.
Location
State MI
Interior
Heating Forced Air, Natural Gas
Exterior
Waterfront Description Public
Roof Type Membrane
Garage false
Building
Foundation Slab
Sewer Public Sewer
Water Public
Read Less Info
Nearby Locations
GET MORE INFORMATION
Kyle O'Grady
Team Leader, REALTOR® | License ID: 6501407456
Team Leader, REALTOR® License ID: 6501407456