Landmark Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30294404
Property Subtypes: Restaurant
Building Size (RSF): 7,920 SF
Gross Building Area: See Agent
Sale Price: $535,000
Unit Price: $67.55 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/12/2018

Overview / Comments

Prime location in the heart of the tourist district with amazing views of passing ships from all over the world! This restaurant is located directly across from the famous Soo Locks and features panoramic views from both first and second floor dining. There isn't a better location in town. This restaurant has been famous for its fresh Whitefish, Perch and Walleye for many years. The first floor of the restaurant features a very nostalgic decor with a retro (actually mostly original) bar and lounge. The second floor is museum like with tastefully displayed maritime artifacts, paintings and photos. Second floor seating features a panoramic view of the locks and the tourist district below. This restaurant is operated seasonally and shows a great gross.

Additional Details

Nearest MSA: Sault Ste. Marie
County: Chippewa
Tax ID/APN: 051-149-423-50

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,743 12,567 16,539
Median Age: 33.04 35.18 36.64
Households: 2,478 5,397 6,968
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