Asset Type: Real Estate
Estate: Fee Simple
Number of Units: 2
Property Type: Retail
Land Area: 0.28 Acres
Property Size: 2,400 SF
Turn-Key Investment Opportunity Located in the Heart of Downtown Bellaire
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 generates immediate cash flow through two established tenants: the Fireside Lounge, which holds a 10-year lease, and The Escape Room, which has a two-year lease. Notably, The Escape Room maintains flexibility regarding their tenure should the new owners require that specific space. Recent improvements include insulation, furnace, electrical, a ceiling-mounted airfiltration 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.
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