201 E Broad Street, Bellaire, MI 49615

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List Price
$620,000
Price Change
▼ $29,000 1782528188
Days on Market
102
MLS#
1945055
Status
ACTIVE
Type
Commercial
Bathrooms
2

Property Description

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, décor, 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.

Additional Information

Acres
0.28
Heating
Forced Air
Roofing
Other
Sewer
Public
Water
Public

Mortgage Calculator

Amount of Loan
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Jeanette Gillespie from Listing Office: Coldwell Banker Schmidt-Bellai.

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