Turn-Key Investment Opportunity Located in the Heart of Downtown Bellaire

201 E Broad St, Bellaire, MI 49615

Accepting Offers
Turn-Key Investment Opportunity Located in the Heart of Downtown BellaireTurn-Key Investment Opportunity Located in the Heart of Downtown BellaireTurn-Key Investment Opportunity Located in the Heart of Downtown BellaireTurn-Key Investment Opportunity Located in the Heart of Downtown Bellaire
Asking Price

$620,000

Turn-Key Investment Opportunity Located in the Heart of Downtown Bellaire

201 E Broad St, Bellaire, MI 49615

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.

Sale FAQs

Investment Sales Broker

Jeanette Gillespie

Jeanette Gillespie

Schmidt Realtors

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

Other Listings

See All Listings