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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.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Office
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

PROPERTY TAXES

Parcel Number
120-021-300-007-40
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$605,685 CAD
  • Listing ID: 29385245

  • Date on Market: 2023-08-28

  • Last Updated:

  • Address: 1222 N US 23, East Tawas, MI 48730

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