1222 N US 23 | East Tawas, MI 48730
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1222 N US 23
East Tawas, MI 48730
Retail Property For Sale
Investment Highlights
- HCAC, Hot Water Heat, Radiant Floor Heat, Gas, Electric, Sewer, and Water Utilities on Site
- Restaurant seating capacity is 140 and banquet seating capacity is 200.
- Great visibility on US-23 at Tawas State Park
- Paved parking lot with ample spaces
- Large land footprint provides for additional development (small hotel, multi-family, workforce housing) opportunity
- 4,400 SF Fine dining steak house; 4,848 SF Family restaurant
Executive Summary
Commercial Property for Sale: Two Established Restaurant Concepts
Big Boys and Tawas's Best Steakhouse: Northwoods Grill
Discover a prime investment opportunity with two renowned restaurant concepts housed in a spacious 9,248 sq ft building, sharing a well-equipped kitchen and a liquor license, all situated on 4 acres of prime land at a signalized intersection.
Key Highlights:
Proven Success: Northwoods Grill has been acclaimed as Tawas’s best steakhouse for the past decade.
High Visibility Location: Located at a busy signalized intersection, ensuring consistent traffic and customer flow.
Record-Breaking Revenue: Last year's gross income was the highest in 15 years, indicating strong growth and profitability.
Expansion Potential: The large property offers ample room for further development and business expansion.
Why Invest:
Turnkey Operation: Both restaurants are fully operational and equipped with a shared kitchen, reducing overhead costs.
Lucrative Market: With a solid customer base and high visibility, there is significant potential for continued revenue growth.
Development Opportunities: The expansive 4-acre property provides numerous possibilities for additional development, enhancing the overall value and potential returns.
Seize this rare opportunity to own and expand upon two successful restaurant brands in a thriving location. Contact us today for more details and to schedule a viewing.
Big Boys and Tawas's Best Steakhouse: Northwoods Grill
Discover a prime investment opportunity with two renowned restaurant concepts housed in a spacious 9,248 sq ft building, sharing a well-equipped kitchen and a liquor license, all situated on 4 acres of prime land at a signalized intersection.
Key Highlights:
Proven Success: Northwoods Grill has been acclaimed as Tawas’s best steakhouse for the past decade.
High Visibility Location: Located at a busy signalized intersection, ensuring consistent traffic and customer flow.
Record-Breaking Revenue: Last year's gross income was the highest in 15 years, indicating strong growth and profitability.
Expansion Potential: The large property offers ample room for further development and business expansion.
Why Invest:
Turnkey Operation: Both restaurants are fully operational and equipped with a shared kitchen, reducing overhead costs.
Lucrative Market: With a solid customer base and high visibility, there is significant potential for continued revenue growth.
Development Opportunities: The expansive 4-acre property provides numerous possibilities for additional development, enhancing the overall value and potential returns.
Seize this rare opportunity to own and expand upon two successful restaurant brands in a thriving location. Contact us today for more details and to schedule a viewing.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
9,600 SF
Building Class
C
Year Built/Renovated
1982/2007
Price
$1,422,129 CAD
Price Per SF
$148 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Lot Size
4.02 AC
Opportunity Zone
Yes
Zoning
HSC - Commercial
Parking
108 Spaces (11.25 Spaces per 1,000 SF Leased)
Frontage
435 ft on East US Highway 23
Amenities
- Air Conditioning
PROPERTY TAXES
Parcel Number | 120-021-300-007-40 | Improvements Assessment | $0 CAD |
Land Assessment | $0 CAD | Total Assessment | $605,685 CAD |
PROPERTY TAXES
Parcel Number
120-021-300-007-40
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$605,685 CAD
1 of 15
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP