1222 N US 23 - Restaurant FOR SALE


East Tawas, MI 48730
$779,000 USD
989-239-5581
1222 N US 23, East Tawas, MI for Sale
$779,000 USD
Restaurant - FOR SALE
1/30
null | Request Cap Rate

1222 N US 23
East Tawas, MI 48730


HIGHLIGHTS

  • Established restaurant property along the US-23 corridor.
  • Approximately 4-acre site with redevelopment potential.
  • Equipped for immediate restaurant operation.
  • Mixed-use zoning allows for a variety of commercial uses.
  • Located near Lake Huron attractions, marinas, and recreational amenities.
  • Includes a liquor license.

OVERVIEW

1222 N US-23 presents an opportunity to acquire a restaurant and commercial property in East Tawas, a well-established Lake Huron destination known for its waterfront amenities, tourism activity, and year-round recreational appeal. Positioned along the US-23 corridor, the property benefits from high visibility, convenient regional access, and proximity to marinas, beaches, parks, lodging establishments, and other attractions that support both local and visitor traffic. The property is currently configured for restaurant operations and has historically operated under the Big Boy and Northwoods restaurant concepts. Existing infrastructure supports continued food service use and includes a liquor license, providing flexibility for future ownership. The building's layout and improvements also offer potential for hospitality, entertainment, event, or other commercial uses permitted under the property's mixed-use zoning designation. Situated on an expansive site, the property offers substantial parking capacity, outdoor activity areas, and future redevelopment potential subject to applicable approvals. Its location within one of Michigan's recognized lakeside communities provides access to a steady mix of seasonal visitors, second-home owners, and local residents. East Tawas serves as a gateway to the Sunrise Coast region, attracting boating, fishing, outdoor recreation, and tourism activity throughout the year. The combination of an established commercial presence, adaptable building configuration, mixed-use zoning, and a highly visible location along a major transportation corridor creates an opportunity for owner-users, hospitality operators, and investors seeking a commercial asset in a destination-oriented market with multiple avenues for future use and repositioning.

FOR SALE DETAILS

PRICE

$779,000 USD

PRICE/SF

$84 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

108

LAND DETAILS

LAND ACRES

4.02 AC

LAND SF

175,111 SF

ZONING

HSC

APN/PARCEL ID

120-021-300-007-40

ASK ABOUT THIS PROPERTY

Kenneth KujawaCENTURY 21 Signature RealtyMore Info
989-239-5581

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Kenneth KujawaCENTURY 21 Signature RealtyMore Info
989-239-5581

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.