Studebakers Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30360701
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 7,320 SF
Gross Land Area: 50,000 SF
Sale Price: $400,000
Unit Price: $54.64 PSF
Property Use Type: Business
Building Name: Studebaker's
Usable Size (USF): 7,320 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/29/2019

Overview / Comments

Full service restaurant and lounge located near the Wal-Mart Supercenter. Seating for 300 and parking for 81 cars. This is the licensed place to meet, eat and socialize. Has a state-wide transferable license. Studebaker's takes pride in their great buffet and full service menu. A great place to meet for breakfast, lunch dinner & group events. With 3 different seating areas, there is plenty of room to host a variety of events. Located between 2 motels,l this is a nice spot in a high traffic location.

Additional Details

Nearest MSA: Sault Ste. Marie
County: Chippewa
Taxing Authority: Sault Sainte Marie
Tax ID/APN: 051-717-001-00
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Casino
Property Located Between: 27th Ave and Days Inn
Property Visibility: Excellent
Largest Nearby Street: I-75 Business Spur
Feet of Frontage: 400
Traffic/Vehicle Count: 20,000
Highway Access: On I-75 Business Spur just off Interstate 75 exit
Airports: Sanderson municipal general aviation 1/2 mile
Site Description: Excellent corner lot with a very well built building that could be franchised easily.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick in excellent condition
Total Parking Spaces: 81
Parking Type: Surface
Parking Description: Asphalt in excellent condition
Heat Type: Natural Gas
Heat Source: Central
Internet Access: Cable
Interior Description: Excellent condition with kitchen plus 3 distinct areas.
Zoning Description: General Business which is very flexible
Lot Frontage: 125
Lot Depth: 400
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,464 15,285 18,195
Median Age: 37.52 36.02 36.93
Households: 1,104 6,448 7,666
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