1222 N US 23 | East Tawas, MI 48730
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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.
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
Building Size
9,600 SF
Building Class
C
Year Built/Renovated
1982/2007
Price
$999,999
Price Per SF
$104
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
| Parcel Number | 120-021-300-007-40 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $425,900 |
PROPERTY TAXES
Parcel Number
120-021-300-007-40
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$425,900
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