Brewery Restaurant
For Sale
$595,000
6352 N Lake Shore Drive, Harbor Springs, MI 49740
Includes indoor dining, a covered outdoor bar and dining area, offices, conference space, and basement storage.
Property Size3,797 SF
Days on Market605
Property Features for 6352 N Lake Shore Drive
General Information
Standard status
Active
Size
3,797 SF
Property subtype
Commercial/Industrial
Additional Details
Road Access
Yes
Patio
Yes
Taxes and HOA fees
Annual Taxes
$2,958
Amenities
indoor dining room
outdoor covered bar/dining area
office/conference room
prep kitchen
Building Details
Building Size
3,797 SF
Buildings
1
Tenancy
Single
Listing Agency:
Graham Real Estate
Listed By:
Kevin Olson
(231) 881-7303
Source:
Patobrien
Added: Mar 5, 2025
Changed: Oct 31
Last Checked: Oct 30 at 11:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Graham Real Estate
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Investment Insights
Based on property information with market context.
Currently operating as a brewery restaurant, this modern building includes an indoor dining room and a covered outdoor bar and dining area. The upper level provides office and conference space with a full bathroom, while the basement offers room for an additional prep kitchen and ample storage.
The property is situated along M-119 in a destination area that attracts visitors for beaches, studios, farms, shops, biking, snowmobiling, fall colors, and other northern Michigan activities. A large lot provides space for outdoor dining, additional activities, or potential expansion, subject to applicable approvals.
The property is situated along M-119 in a destination area that attracts visitors for beaches, studios, farms, shops, biking, snowmobiling, fall colors, and other northern Michigan activities. A large lot provides space for outdoor dining, additional activities, or potential expansion, subject to applicable approvals.
Key Highlights
- Currently operating as a brewery restaurant
- Indoor dining room plus covered outdoor bar and dining area
- Upper‑level office and conference room with full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,536
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$990,720
$990.7K
Cap Rate 7%
$707,657
$707.7K
Cap Rate 9%
$550,400
$550.4K
Market Conditions
NOI Build-Up for 3,797 SF
Gross rent
$76.1K $20.04/SF
− Vacancy
−$5.3K −$1.40/SF
EGI
$70.8K $18.64/SF
− OpEx
−$21.2K −$5.59/SF
NOI
$49.5K $13.05/SF
Area
Emmet County, MI
Vacancy
7.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$990,720
Cap Rate 7%
$707,657
Cap Rate 9%
$550,400
Alternative Uses
Best Use
Industrial
$707.7K
$619.2K – $825.6K
NOI $49,536 @ 7.0% cap · market cap 8.33%
Second Best
Specialty Retail
$458.9K
$401.5K – $535.4K
NOI $32,123 @ 7.0% cap · market cap 5.40%
Theoretical Best
Warehouse
$859.3K
$751.9K – $1.00M
NOI $60,151 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 49740, MI
7,511
Population
6,057
Households
1.2
Avg Household Size
55
Median Age
46%
College-Educated
97%
High-School Grad
124.9 sq mi
ZIP Area
60
Density / Sq Mi
$85,230
Median Household Income
$38,820
Median Earnings
$997
Median Rent
$332,600
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Brewery - Includes indoor dining, a covered outdoor bar and dining area, offices, conference space, and basement storage.
Where is this brewery located?
The property is located at 6352 N Lake Shore Drive Harbor Springs, MI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Currently operating as a brewery restaurant; Indoor dining room plus covered outdoor bar and dining area; Upper‑level office and conference room with full bathroom
