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1040 N State St 3,258 SF Retail Building Saint Ignace, MI 49781 $295,000 ($90.55/SF)
INVESTMENT HIGHLIGHTS
- High traffic area.
- Outdoor seating.
- Lake Huron views.
EXECUTIVE SUMMARY
Stunning Lake Huron and Mackinac Island views. Formerly a restaurant but selling real estate only. Features a large deck with outside dining available. Upper level lodging can be used for onsite housing or rental housing (its most current use). Any equipment can stay. Full basement with additional restaurant supplies inc but not placing any value on contents. This has always been a seasonal operation. Located just outside of the downtown area in motel row, walking distance to 7 major motels. Located on the only commercially established bluff in town and the site of several ancient sea stacks. Seating inside for 42, out-door deck 36. Formerly, The Hillside House and Joe's Diner for a short time. Possible Airbnb.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,258 SF
Building Class
C
Year Built
1950
Price
$295,000
Price Per SF
$90.55
Tenancy
Single
Building Height
2 Stories
Building FAR
0.09
Lot Size
0.81 AC
Opportunity Zone
Yes
Zoning
C-1 - Commercial
Frontage
100’ on Business Loop I-75
AMENITIES
- Fireplace
- Restaurant
- Balcony
PROPERTY TAXES
| Parcel Number | 49052-106-022-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $289,800 |
PROPERTY TAXES
Parcel Number
49052-106-022-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$289,800
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1040 N State St
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