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    6800 15 Mile Rd Barbeau, MI 49710

    Sponsored
    For Sale
    $1,495,000

    Turnkey Restaurant, Rentals, Boat Slips on St. Marys River

    Property size:
    6,656 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Exceptional opportunity to acquire a thriving waterfront business in Barbeau, Michigan. This turnkey property includes a popular restaurant with a 92-person indoor seating capacity and ample outdoor seating, perfectly situated on the St. Marys River near the Soo Locks. The restaurant benefits from a unique position as the only establishment in the area offering boat docking for food and beverages, attracting significant boat traffic. Adding to the revenue streams are two separate two-bedroom short-term rental units, ideal for tourists and visitors. Ten boat slips provide additional income potential. The 6,656 square foot property sits on a commercially zoned lot and includes two buildings. The business is known for its successful hosting of various events throughout the year, contributing to its consistent profitability. This is a rare chance to own a well-established, multi-faceted business with significant growth potential in a desirable tourist location. The asking price is $1,495,000, with a price per square foot of $224.61. The property consists of three units and is privately owned. Located at 6800 E 15 Mile Rd, Barbeau, MI 49710.

    Property Features for 6800 15 Mile Rd

    General Information

    Property type
    Investment properties
    Square Feet
    6,656 SF

    Building Details

    Buildings
    2
    Units
    3

    HighLights

    • $1,495,000 asking price for a turnkey business opportunity.
    • 6,656 square feet on a commercially zoned lot.
    • Includes a 92‑person capacity restaurant with additional outdoor seating.
    • Features two 2‑bedroom short‑term rental units.
    • Offers 10 boat slips on the St. Marys River.
    • Located in Barbeau, MI, near the Soo Locks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Barbeau
    County
    Chippewa
    State
    Michigan
    Longitude
    -84.221455018585
    Latitude
    46.288874285317

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Investment property - Turnkey Restaurant, Rentals, Boat Slips on St. Marys River
    Where is this investment property located?
    The property is located at 6800 15 Mile Rd Barbeau, MI.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: $1,495,000 asking price for a turnkey business opportunity.; 6,656 square feet on a commercially zoned lot.; Includes a 92-person capacity restaurant with additional outdoor seating.
    (231) 342-8456
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    6800 15 Mile Rd Barbeau, MI 49710
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6800 15 Mile Rd Barbeau, MI 49710
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