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Sold

887 Spring Street

887 Spring Street, Petoskey, MI 49770

$824,000
Villa Italiano Ristorante, one of Petoskey's most successful and beloved restaurants for the past 45 years is officially for sale. The building and its interior have been meticulously maintained over those many years. This fully functioning iconic restaurant is available to purchase turnkey if you wish to continue the Villa's legacy, or it is available as a "real estate only" purchase (the liquor license and FF&E are additional, see Agents Only Notes). The restaurant features seating for up to 60 guests in the main dining room, along with a wait staff service area, office, full commercial kitchen (for additional cost and not limited to: 2 walk in coolers, salad bar cooler, range, ovens, standing coolers, tables and chairs, dishwasher, Class C Liquor license), and more. A prized corner lot with frontage along the busiest corridor in Petoskey, the US-131 corridor, is hard to beat. The property is zoned B-3 commercial allowing for lots of possibilities.

2,488 Sq.Ft. LIVING AREA

0.45 Acres lot

Michael "Mac" McCarthy

Michael "Mac" McCarthy

Features & Amenities

Interior

  • APPLIANCES Range, Refrigerator, Gas Water Heater

Area & Lot

  • Status Sold
  • Living Area2,488 Sq.Ft.
  • Lot Area0.45 Acres
  • MLS® ID467391
  • TypeCommercial
  • YEAR BUILT1976
  • NeighborhoodPetoskey
  • School DistrictPetoskey

Exterior

  • STORIES1
  • water SourcePublic
  • utilitiesUnderground Utilities
  • HEAT TYPENatural Gas
  • sewerPublic Sewer

Financial

  • Sales Price$824,000
  • Zoning COP B-3
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Work With Michael

When clients are happy, Mac is happy. It’s just that simple. “My methodology is rooted in hard work, honesty, and using my expertise in the marketplace to make the client’s goals a reality. With that mindset the client wins and we win, which is what we are all about.”

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