201 E Broad Street

Highlights:

• Water: Municipal Water
• Heating Fuel Type: Gas
• Road Type: City / Town Street
• Roof: Rubber
• Cooling: Central A/C
• Heating Type: Forced Air
• Garage Description: Curb Parking.
• Exterior Description: Concrete Block

Description:

From M88 in Bellaire, on E Broad Street.

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, dÁ©cor, 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.

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Listing ID: 150c62f0-6c91-46ca-9767-29c828722c8d