201 E Broad StreetBellaire, MI 49615

Description

Turn-key investment opportunity in the heart of downtown Bellaire with established tenants and immediate income in place. This updated 2,400-square-foot commercial building offers excellent visibility in one of Northern Michigan’s premier destination communities. The property is currently home to Fireside Lounge, secured by a 10-year lease with scheduled annual rent increases, and The Escape Room, with a 2-year lease. Recent improvements include insulation, furnace, electrical, a ceiling-mounted air filtration system, flooring, and roof resealing with rubber membrane and updated flashing. Durable cement block construction, public utilities, a generator hookup, and two restrooms, including one ADA-compliant restroom, add to the building’s functionality and long-term appeal. The bar structure and attached lighting are included in the sale; tenant-owned furniture, décor, sinks, dishwashers, and under-bar items are excluded. Ideally positioned in vibrant downtown Bellaire, the property is surrounded by popular shops, restaurants, breweries, and year-round recreation, offering an opportunity to invest in an established commercial location with long-term income already in place.

Property Information

Property type

Commercial Sale

Sub-type

Hotel/Motel

Year built

1950

Living area

2,400 Sq Ft

Lot size

0.28 acres

Days on market

106

MLS^® Listing#

1945055

Property Features

Cooling

Central Air

Heating

Forced Air · Natural Gas

Parking

On Street

Construction

Block · Other

Foundation

Slab

Roof

Membrane

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

Yes

Assessed value

$182,437

Parcel number

05-41-010-038-00

Directions

From M88 in Bellaire, on E Broad Street.