26
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$589,000
Est. payment /mo
2,400 SqFt
Active
201 E Broad ST Kearney Twp, MI 49615
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $245
MLS Listing ID 78080068168
Year Built 1950
Lot Size 0.280 Acres
Acres 0.28
Property Description
Turn-key investment opportunity in the heart of downtown Bellaire with established tenants and immediate income in place. This updated 2,400-square-foot commercial building offers excellent visibility in one of Northern Michigan’s premier destination communities. The property is currently home to Fireside Lounge, secured by a 10-year lease with scheduled annual rent increases, and The Escape Room, with a 2-year lease. Recent improvements include insulation, furnace, electrical, a ceiling-mounted air filtration system, flooring, and roof resealing with rubber membrane and updated flashing. Durable cement block construction, public utilities, a generator hookup, and two restrooms, including one ADA-compliant restroom, add to the building’s functionality and long-term appeal. The bar structure and attached lighting are included in the sale; tenant-owned furniture, dà ©cor, sinks, dishwashers, and under-bar items are excluded. Ideally positioned in vibrant downtown Bellaire, the property is surrounded by popular shops, restaurants, breweries, and year-round recreation, offering an opportunity to invest in an established commercial location with long-term income already in place.
Location
State MI
County Antrim
Area Area88081Kearneytwp
Interior
Heating Forced Air, Natural Gas
Cooling Central Air, Other
Fireplace No
Exterior
Utilities Available NaturalGasConnected
View Y/N No
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Bellaire
Others
Acceptable Financing Cash, Other, Trade1031Exchange
Listing Terms Cash, Other, Trade1031Exchange
Special Listing Condition CorporateRelocation
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Listed by Jeanette Gillespie of Coldwell Banker Schmidt-Bellai
NEARBY SCHOOL & BUSINESS
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