5046 S West Bay Shore Dr
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5046 S West Bay Shore Dr
18,000 SF 100% Leased Retail Building Suttons Bay, MI 49682 $5,244,639 CAD ($291 CAD/SF)
Investment Highlights
- Present Use: Restaurant/Food Service, Office Building, Retail Store, Recreational/Resort, Bar
- Business with Liquor License Included With Sale
- Zoning: Office, Retail, Commercial, Restaurant/Food
Executive Summary
One of a kind fully-leased commercial and residential building with a beautifully built restaurant, multiple wine tasting rooms, retail and office spaces, and four successful airbnb rentals totaling over 18,000 square feet! With a full bar and (class C) liquor license, commercial kitchen, food and beverage store/market, indoor and outdoor seating for up to 300, and space for on-site brewery and event barn, the potential in this property is huge. No additional licensing is needed for a full brewpub operation with beer and wine takeout! Set on 4.3 acres with lengthy frontage on highly-traveled M-22, this building is just across the street from West Grand Traverse Bay including a popular public waterfront park and boat launch! There are beautiful bay views from many spots on the property, on the covered, 3-season, 1700+ square foot wrap around porch and in the building. The existing building is beautifully restored but also has value add potential, including a possible barn event space and two development parcels on the south side of the building - great possible brewery production building or additional residences. Ample parking, covered outdoor seating, and meticulous landscaping add to the phenomenal setting. This property and opportunity are like no other in the Traverse City region!
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
18,000 SF
Building Class
C
Year Built
1960
Price
$5,244,639 CAD
Price Per SF
$291 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.10
Lot Size
4.30 AC
Zoning
Commercial - Office, Retail, Commercial, Restaurant/Food
Amenities
- Restaurant
- Waterfront
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- 22 Vines LLC
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| 22 Vines LLC | Accommodation and Food Services | - | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $1,712,573 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,712,573 CAD
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5046 S West Bay Shore Dr
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