Listed by Coldwell Banker Commercial Schmidt, Realtors Bellaire
$620,000
201 E Broad Street
Details
Property Type Hospitality
Sub Type Hotel, Hospitality
Square Footage 2,400
Year Built 1950
Hospitality
Marketing description
From M88 in Bellaire, on E Broad Street.
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, dÁ©cor, 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.
Listing Contacts
Listed by Coldwell Banker Commercial Schmidt, Realtors Bellaire
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