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Listed by Coldwell Banker Schmidt-Bellai
$589,000
Est. payment /mo
2 Baths
2,400 SqFt
Active
201 E Broad Street Bellaire, MI 49615
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Key Details
Property Type Commercial
Sub Type Hospitality
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $245
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 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, décor, 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
Interior
Heating Forced Air, Natural Gas
Exterior
Waterfront Description Public
Roof Type Membrane
Garage false
Building
Foundation Slab
Sewer Public Sewer
Water Public
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