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110 Newberry Ave
Newberry, MI 49868

Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
4,744 SF
Building Class
C
Year Built/Renovated
1887/1997
Number of Floors
2
Building FAR
0.50
Lot Size
0.22 AC
Zoning
commercial
Parking
25 Spaces (5.27 Spaces per 1,000 SF Leased)
Frontage
74 ft on M-123

Amenities

  • Corner Lot
  • Restaurant
  • Air Conditioning

About 110 Newberry Ave , Newberry, MI 49868

Celebrating 130 years in business, and another record breaking year, this popular year-round U.P. Restaurant, bar & gift shop is located in a 4-season recreation area with over 300,000 of public land access, 15, 000 acres of inland lakes, 658 miles of rivers and streams, 31 miles of Lake Superior shoreline and the famous Tahquamenon Falls. An area rich in lumbering & railway history, if also offers major snowmobile trails, vast hunting lands and unlimited fun! This popular establishment features 16 craft beers on tap including a craft drink menu featuring local distilleries, new "Timber Charlie" beer canner, online ordering service and outstanding smoked meats and a complete line of great food. A bustling economic development program helps new and existing business. There is a correction facility, Newberry Joy Hospital, and Louisiana Pacific that employs lg. numbers. Includes a Class C Resort Liquor license. Located on a busy corner in the middle of town. Includes an unfinished upper level (2500+sq. ft) can accommodate rooms, hotel or living quarters. Total square footage of this building is over 8000 sq. ft. with available outside seating build-out. New water system, complete new plate-wares setup. REGIONAL DESCRIPTION AND COMMENTS: The subject is located Luce County, in the geographical region known as the Eastern Upper Peninsula of Michigan. Luce County is known as a four-season recreational area with over 300,000 acres of public access land, 15,000 acres of inland lakes, 658 miles of rivers and streams, 31 miles of Lake Superior shoreline, and the Tahquamenon Falls, the second-largest waterfalls east of the Mississippi. Largely undeveloped, 40% of Luce County is owned by the State of Michigan as the Lake Superior State Forest. The county’s economy is primarily based on forest products and tourism. The county has highway, rail, air and fiber optic telecommunication access. An economic development program provides support services to new and existing businesses including loans, industrial sites, and infrastructure development. COMMUNITY DESCRIPTION AND COMMENTS: The subject property is located in the Village of Newberry, in the county seat of Luce County. In geographic size, Luce County encompasses 903 square miles, and the Village of Newberry covers .098 square miles of land. Newberry is where primary employment and economic activity are located in Luce County. The Newberry Correctional Facility, the Helen Newberry Joy Hospital, and Louisiana Pacific, the region’s largest employers, are located in or near Newberry. The Luce County Industrial Park is 298 acres, of which 143 acres are available for development, with sites ranging from 1 to 40 acres. The Park is currently home to Great Lakes Truck Service, a truck and heavy equipment repair facility; Burton Forest Products, a wood products trucking company; ZD Metal Products LLC, a magnesium die-cast facility; Kerr Forest Management, a forestry company; Northern Wings Repair, an aviation components repair facility; Walther Farms, a potato farm; Banks Hardwoods, a kiln dried lumber facility; and Burbach Oil Company. The Park is serviced by Class A all-weather roads that access M-28 approximately 1 1/2 miles to the south. The outlook for Luce County and the Village of Newberry and its surrounding area is for slow, gradual economic growth, and stable land and property values for the foreseeable future. NEIGHBORHOOD DESCRIPTION AND COMMENTS: The subject property is located in the center of the Village of Newberry, along a main commercial street. The neighborhood is a mix of commercial properties, most constructed more than 60 years ago, and appear to be in fair to average condition overall. The subject’s neighborhood is considered desirable due to its central location, with appeal to both tourists and local residents.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
041-100-020-0300
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£117,465
  • Listing ID: 13816714

  • Date on Market: 18/09/2018

  • Last Updated:

  • Address: 110 Newberry Ave, Newberry, MI 49868

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