50088603

COM/IND/BUS OPP

Houghton

$775,000

6927 ($111.88 / SqFt)

Retirement for one owner is opportunity for the next owner! Carry on the tradition of the Pilgrim River Steakhouse that has served the Copper Country for many years or repurpose this site for your investment opportunity! The Portage Township location has frontage on Highway US41 with great exposure and easy access! Minutes from Michigan Tech's campus, across the road from the recreational trail, close to the Portage Lake Golf Course and possible future developments at Pilgrim Point. The restaurant had an addition with new bar area in 2003+/- with a new septic system installed at that time. The restaurant and bar area seat approximately 120. The site has parking for approximately 50 cars. The upper level of the restaurant provides office and storage space. This is one of few sites available so close to MTU and the City of Houghton! Portage Township zoning is B-2 General Business. Square footage, acreage and lot dimensions are estimated. Lot Dimensions: Approximately 300x100x117x156x254x203x100+/-. Liquor license, furnishings, fixtures, equipment, mounts and decor are included but must be written into the purchase agreement. Inventory is not included in the listing price. Point of sale system installed in 2022 and is negotiable.