6410 W Western Avenue

Glen Arbor, MI 49636 View Map $1,549,000 Schedule a Tour
Sq.Ft.5,594
Year1955

CB Schmidt Realtors

(231) 929-2300

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Status: Active
Property Type:Retail/Commercial
MLS #:1897027
Sq. Feet:5,594
On Site:472 Days
Lot Size:0.86 Acres
County:Leelanau
Here's your opportunity to own your own business, earning an income of $300,000 + net income. This is a GREAT lifestyle where you commit to hard work in the summer months, then - if you like- enjoy a slower pace in the winter by keeping management in place while you rest and re-set. You can even just leave cold northern Michigan for warmer climates during the winter months. This job requires horse power, energy and enthusiasm during the busy season. It cashflows nicely. Any takers? A super cute home behind the restaurant is perfect for workforce housing which has been effective year over year. Prime location for this profitable, well established restaurant in a popular resort community. Sale includes Class C Resort liquor license, newer kitchen equipment, all inventory and furnishings. The bonus here is a home adjacent to restaurant, currently used for employees. Inside seating for 160 with additional space for 60+ outside. There is also a large back room for private, special events. All on nearly a full acre with vacant space for more seating/entertaining opportunities.

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$000 Monthly Payment
Loan and interest only.

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Price Change History

Date Old Price New Price Percent Change
8/1/2022$1,700,000$1,599,900-5.9%
1/18/2023$1,599,900$1,549,000-3.2%

Community Information

Address:6410 W Western Avenue, Glen Arbor, MI 49636
County:Leelanau
Township:Glen Arbor
Zip Code:49636
Condo Project:Western Avenue Grill

Features / Amenities

Extras: Additional Buildings
Heating/Cooling Types: Forced Air
Heating/Cooling Sources: Natural Gas, Wood

Property Features

Lot Size: 0.86 Acres
Lot Dimensions:113 x 330
Location: Freestanding
Deeded Waterfront: No
Water: Private Well
Sewer: Private Septic
Road: Public Maintained
Directions:Downtown Glen Arbor.

Tax and Financial Info

Terms: Commercial Loan, Cash, Owner Assist (L/C), 1031 Exchange
Included in Lease: Security System
Type of Ownership: Private Owner
Tax ID: 006-122-094-00 + 095
SEV Year: 2021
Sale/Rent: For Sale
Sale or Lease: For Sale
Documents on File: Agency Disclosure, Liquor License

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6410 W Western Avenue Glen Arbor,  MI 49636
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6410 W Western Avenue Glen Arbor, MI 49636
 
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Listing Information Last Updated 6/7/2023
Listing provided courtesy of Coldwell Banker Schmidt-522.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than Coldwell Banker Commercial Schmidt Realtors are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.