Former La Seniorita- 1285 US-31, Petoskey, MI

Retail-Commercial for Sale
Catylist Listing ID: 30675642
Property Subtypes: Restaurant
Building Size (RSF): 6,445 SF
Gross Building Area: See Agent
Gross Land Area: 0.75 Acres
Sale Price: $975,000
Unit Price: $151.28 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 10/18/2021

Overview / Comments

Available for sale or lease is a 6,445 SF full-service restaurant formerly occupied by La Seniorita. The property is situated on a high-profile corner with signaled points of access and illuminated pylon signage. Excellent potential for restaurant or redevelopment opportunity including a brewery, retail, service or hospitality.

Additional Details

Nearest MSA: Traverse City
County: Emmet
Tax ID/APN: 01-16-34-100-019
Zoning: EC B-2
Tenancy: Single Tenant

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,938 13,876
Median Age: 39.76 41.79
Households: 3,622 6,005


Photograph of Listing Agent

Amy Richter-Perkins

Colliers West Michigan CARWM Member
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