Description
Turn-key mixed use commercial investment opportunity, currently fully leased, in the heart of the Chain of Lakes. Newly rebuilt in 2000, with new HVAC and exterior painting in 2020, the building sits in the heart of downtown Bellaire, just down from Shorts Brewery. Multiple lease/rental opportunities. Upstairs are 4 gorgeous 1 bedroom, 1 bath fully furnished residential lofts. Currently renting as long term leases, but opportunity for higher returns as weekly Air B&B rentals in highly sought after 4 seasons lake and ski district. Each unit has secure storage closet in hallway. Main level currently is a fully operational (paused during pandemic) 5,000 sq ft restaurant. Continue to run as is or know your the opportunity for brewery or distillery, commercial event space, outdoor adventure rental and retail space, or your Northern Mi. business or real estate branch office, just to name a few. Currently built out as restaurant with full kitchen, bar, basement with wine cellar, with business office on upstairs level. Minutes from the shore of Torch Lake, Lake Bellaire, Intermediate Lake, Clam Lake, Schuss/Shanty Creek Resort and more tourist destinations in beautiful Northern Michigan. Endless opportunities to create your own income generating dream in one of Northern Michigans hottest real estate markets.
Details
| MLS# | 1880293 |
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| Listing Type | For Sale |
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| Style | Industrial |
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| Sub-Type | Resale |
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| Status | Active |
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| Year | 2001 |
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| Days On Site | 211 |
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Features
| Story(s) | 1 |
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| Zoning | Multi-Family,Office,Retail |
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| Date | Sales | Avg $ Per SqFt | Min Sale Price | Max Sale Price | Med Sale Price |
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| Date: Mar 2021 | Sales: 22 | Avg $ Per SqFt: $103.95 | Min Sale Price: $1 | Max Sale Price: $470,000 | Med Sale Price: $89,050 |
| Date: Feb 2021 | Sales: 24 | Avg $ Per SqFt: $153.91 | Min Sale Price: $5,500 | Max Sale Price: $600,000 | Med Sale Price: $80,250 |
| Date: Jan 2021 | Sales: 14 | Avg $ Per SqFt: $132.89 | Min Sale Price: $6,500 | Max Sale Price: $335,000 | Med Sale Price: $108,500 |
| Date: Dec 2020 | Sales: 36 | Avg $ Per SqFt: $108.6 | Min Sale Price: $1 | Max Sale Price: $490,000 | Med Sale Price: $91,750 |
| Date: Nov 2020 | Sales: 16 | Avg $ Per SqFt: $131.84 | Min Sale Price: $9,000 | Max Sale Price: $315,000 | Med Sale Price: $122,500 |
| Date: Oct 2020 | Sales: 19 | Avg $ Per SqFt: $171.28 | Min Sale Price: $3,000 | Max Sale Price: $1,301,000 | Med Sale Price: $97,000 |
| Date: Sep 2020 | Sales: 15 | Avg $ Per SqFt: $167.59 | Min Sale Price: $6,500 | Max Sale Price: $990,000 | Med Sale Price: $140,500 |
| Date: Aug 2020 | Sales: 30 | Avg $ Per SqFt: $125.25 | Min Sale Price: $12,500 | Max Sale Price: $875,000 | Med Sale Price: $167,000 |
| Date: Jul 2020 | Sales: 27 | Avg $ Per SqFt: $121.79 | Min Sale Price: $3,999 | Max Sale Price: $599,000 | Med Sale Price: $175,000 |
| Date: Jun 2020 | Sales: 22 | Avg $ Per SqFt: $120.02 | Min Sale Price: $8,500 | Max Sale Price: $600,000 | Med Sale Price: $153,500 |
| Date: May 2020 | Sales: 26 | Avg $ Per SqFt: $118.56 | Min Sale Price: $3,200 | Max Sale Price: $649,000 | Med Sale Price: $122,000 |
| Date: Apr 2020 | Sales: 18 | Avg $ Per SqFt: $111.55 | Min Sale Price: $2,800 | Max Sale Price: $595,000 | Med Sale Price: $116,250 |
| Mar 2021 |
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| Sales: | 22 |
| Avg $ Per SqFt: | $103.95 |
| Min Sale Price: | $1 |
| Max Sale Price: | $470,000 |
| Med Sale Price: | $89,050 |
| Feb 2021 |
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| Sales: | 24 |
| Avg $ Per SqFt: | $153.91 |
| Min Sale Price: | $5,500 |
| Max Sale Price: | $600,000 |
| Med Sale Price: | $80,250 |
| Jan 2021 |
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| Sales: | 14 |
| Avg $ Per SqFt: | $132.89 |
| Min Sale Price: | $6,500 |
| Max Sale Price: | $335,000 |
| Med Sale Price: | $108,500 |
| Dec 2020 |
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| Sales: | 36 |
| Avg $ Per SqFt: | $108.6 |
| Min Sale Price: | $1 |
| Max Sale Price: | $490,000 |
| Med Sale Price: | $91,750 |
| Nov 2020 |
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| Sales: | 16 |
| Avg $ Per SqFt: | $131.84 |
| Min Sale Price: | $9,000 |
| Max Sale Price: | $315,000 |
| Med Sale Price: | $122,500 |
| Oct 2020 |
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| Sales: | 19 |
| Avg $ Per SqFt: | $171.28 |
| Min Sale Price: | $3,000 |
| Max Sale Price: | $1,301,000 |
| Med Sale Price: | $97,000 |
| Sep 2020 |
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| Sales: | 15 |
| Avg $ Per SqFt: | $167.59 |
| Min Sale Price: | $6,500 |
| Max Sale Price: | $990,000 |
| Med Sale Price: | $140,500 |
| Aug 2020 |
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| Sales: | 30 |
| Avg $ Per SqFt: | $125.25 |
| Min Sale Price: | $12,500 |
| Max Sale Price: | $875,000 |
| Med Sale Price: | $167,000 |
| Jul 2020 |
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| Sales: | 27 |
| Avg $ Per SqFt: | $121.79 |
| Min Sale Price: | $3,999 |
| Max Sale Price: | $599,000 |
| Med Sale Price: | $175,000 |
| Jun 2020 |
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| Sales: | 22 |
| Avg $ Per SqFt: | $120.02 |
| Min Sale Price: | $8,500 |
| Max Sale Price: | $600,000 |
| Med Sale Price: | $153,500 |
| May 2020 |
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| Sales: | 26 |
| Avg $ Per SqFt: | $118.56 |
| Min Sale Price: | $3,200 |
| Max Sale Price: | $649,000 |
| Med Sale Price: | $122,000 |
| Apr 2020 |
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| Sales: | 18 |
| Avg $ Per SqFt: | $111.55 |
| Min Sale Price: | $2,800 |
| Max Sale Price: | $595,000 |
| Med Sale Price: | $116,250 |
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MLS Number: 1880293