10235 W Front Street Empire, MI $ 2,995,000
10235 W Front Street
$ 2,995,000
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10235 W Front Street

Empire, MI, 49630
$ 2,995,000
Baths0.0 Sq 8,247

Monthly Estimate*

$ 19,906

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Studio

Commercial Property for sale in Empire, MI

for $2,995,000. This 8,247 square foot building was built in 1946 on a lot size of 1.1.

Here's your chance to own and operate the only two full-service restaurants, Joe's Friendly Tavern and the Empire Village Inn, located in the beautiful beach town of Empire, Michigan. Both establishments have a long history, with loyal customers made up of year-round and seasonal residents and summer visitors, and produce strong, consistent revenues and cash flow. The Friendly Tavern has 100 indoor seats and an additional 90 seats on a newly constructed patio. The Village Inn has 90 seats inside with additional room outside. All business assets, Class C & SDM liquor licenses, and real estate are included in the sale. The Leelanau County location in the heart of the Sleeping Bear Dunes National Lakeshore attracts well over a million visitors each year and there is opportunity to further enhance the businesses to meet the demand of the growing visitor numbers.

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Commercial Active

Price

$ 2,995,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Business

Lot Size

1.1

Year Built

1946

Town/City

Empire

County/Region

Leelanau

MLS | Web ID

80017607

Features
General
Heating Forced Air
Possession Negotiable (Possession)
Roof Metal
Water Public Water
Status Active Active
Year Built 1946
Parking Parking Lot
Subdivision MHG Holdings LLC
County Leelanau
Class COM/IND/BUS OPP
Type Business
Business Name Joe's Friendly Tavern
Percent Ownership Private
Municipality Empire Twp
Section 24
Zoning Commercial
Commercial Features ADA Accessible Other
Area Empire Twp (45005)
Location Corner Lot
Directions Friendly - On the SE corner of Front & Lake streets in Empire. The Village Inn just north on M22 of the M72 intersection.
City Empire
Street Name Front
Financial Terms Cash Commercial Loan Purchase Money MTG
Legal Description see associated documents
DOM 21
Price Per Sq Ft Total 363.16
Coming Soon Here's your chance to own and operate the only two full-service restaurants Joe's Friendly Tavern and the Empire Village Inn located in the beautiful beach town of Empire
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Exterior
Exterior Frame Wood
Lot Size Area 1.1
Lot Dimensions 130x89x irregular
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Interior
Fuel Type Natural Gas
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* Excluded Features
List By
Peter Fisher

Listing Agent

Coldwell Banker Schmidt-Glen A

Broker

peter.fisher@cbgreatlakes.com

Email

Affordability Calculator

$19,906
Per Month
100%
0%
0%
Monthly Principal & Interest
$19,906
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/14/2024$2,995,000 Listed Price

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10235 W Front Street, Empire, MI, 49630 is a Commercial Property for sale at $2,995,000 with 8,247 sqft and a lot size of 1.1. 10235 W Front Street is a studio with 0.0 baths and was built in 1946. The property's zip code is 49630 which is in Empire, MI