5046 S West Bay Shore $3,700,000

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    5046 S West Bay Shore Suttons Bay, MI 49682

    • 18,000 sq. ft.
    • 4.30 Acres
    • Commercial
    • MLS# 80015991
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    Views: 5 Days On Site: 34

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    Property Details

    One of a kind fully-leased commercial and residential building with a beautifully built restaurant, multiple wine tasting rooms, retail and office spaces, and four successful airbnb rentals totaling over 18,000 square feet! With a full bar and (class C) liquor license, commercial kitchen, food and beverage store/market, indoor and outdoor seating for up to 300, and space for on-site brewery and event barn, the potential in this property is huge. No additional licensing is needed for a full brewpub operation with beer and wine takeout! Set on 4.3 acres with lengthy frontage on highly-traveled M-22, this building is just across the street from West Grand Traverse Bay including a popular public waterfront park and boat launch! There are beautiful bay views from many spots on the property, on the covered, 3-season, 1700+ square foot wrap around porch and in the building. The existing building is beautifully restored but also has value add potential, including a possible barn event space and two development parcels on the south side of the building - great possible brewery production building or additional residences. Ample parking, covered outdoor seating, and meticulous landscaping add to the phenomenal setting. Seller financing is a possibility - this property and opportunity are like no other in the Traverse City region!

    • General Features
      • Acreage 4.3
      • Area Municipality Bingham Twp (45001)
      • County Leelanau
      • Originating MLS Aspire North REALTORS
      • Ownership Private
      • Subdivision West Bay Shore Village
      • Total SqFt Finished 18000
      • Year Built 1960
      • ZONING Commercial,Professional Office
    • Building Features
      • Cooling System Central A/C
      • Exterior Construction Frame, Wood
      • Foundation Type Crawl, Slab
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
      • Roofing Asphalt
    • Property Features
      • Water Private Well
      • PARKING 100+ Spaces,Parking Lot
      • Lot Size irregular
      • Sewer Septic Septic

    Contact

    Zachary Adams

    Sales Associate

    RE/MAX Select

    Direct: 810-922-1575

    Neighborhood

    49682 (Suttons Bay) Demographics

    58 Median Age
    65 Population Density (per sq. mile)
    46% College Educated
    $69,135 Estimated Median Income
    1,561 Estimated Total Home Owners
    310 Estimated Total Renters
    83% / 17% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    4,224 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $865,000 Median Sales Price
    6 Homes Sold
    8 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $3,700,000
        3/30/2024 8:36:00 AM New in Database Source: Multiple Listing Service New Value: $3,700,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.