13996 Territorial Rd Gregory, MI 48137-9639
- Commercial land
- 0.11 lot acres
Current Use by Public Records
- Commercial land
Property Details for 13996 Territorial Rd
- Lot size
- 0.11 lot acres
- Zone code
- C-1
- Property type
- Commercial land
- APN
- D -04-18-463-029
- APU
- D0418463029
Description
This exceptional opportunity presents a fully renovated, historic inn and restaurant ideally situated across from the Inverness Country Club in Gregory, Michigan. Boasting a substantial 4,641 square feet, this C-1 zoned property offers 186 interior seats and an additional 46 patio seats, making it the only sit-down restaurant serving alcohol within a 10-mile radius. The expansive open floor plan includes a charming log cabin dining area with a captivating stone fireplace, plus two additional dining spaces perfect for private events or live music. Recent renovations have enhanced this already unique property, which includes a large deck and ample parking. The property comprises three parcels (APN: D -04-18-463-023, D -04-18-463-029, D -04-18-463-022) and is listed at $459,000. The liquor license and furniture, fixtures, and equipment (FF&E) are available separately for $140,000. Its prime location near Chelsea, Dexter, Jackson, and Ann Arbor, coupled with its proximity to numerous lakes, recreation areas, and new residential developments (Guenther Homes is constructing 48 homes with 40 more planned), ensures a strong customer base and significant growth potential. This is a rare opportunity to own a thriving business in a highly desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gregory
- County
- Washtenaw
- State
- Michigan
- Longitude
- -84.0066
- Latitude
- 42.3863
- CBSA code
- 11460
- CBSA name
- ANN ARBOR, MI METROPOLITAN STATISTICAL AREA