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42 W Spring St 1,613 SF of Retail Space Available in Port Austin, MI 48467
HIGHLIGHTS
- Lake Huron shoreline, resort town, raised ranch overlooks Port Austin State Marina, restaurant is set-up for immediate operation.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,613 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Modified Gross |
1st Floor
For sale or lease.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Central Air Conditioning
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 1,613 SF | Gross Leasable Area | 1,613 SF |
| Property Type | Retail | Year Built | 1975 |
| Total Space Available | 1,613 SF |
| Property Type | Retail |
| Gross Leasable Area | 1,613 SF |
| Year Built | 1975 |
ABOUT THE PROPERTY
Turn Key restaurant/café nestled in the heart of the charming village of Port Austin. This exceptional commercial real estate opportunity offers the best of both worlds: a thriving restaurant in a prime location and a picturesque lake view home. Step into the culinary scene with this well-established restaurant/café boasting recent updates that elevate its charm and functionality. The newly remodeled dining area beckons with its cheerful ambiance, featuring vibrant chairs and tables that create an inviting space to gather with friends and family. Whether it's a quick bite before hitting the nearby beaches or a leisurely meal to savor after a day of exploration, this restaurant provides the perfect setting. Equipped with newly purchased commercial kitchen equipment, you'll find ease in serving up your daily specials morning, noon and night. After a fulfilling day at the restaurant, retreat to your own oasis just steps away. This lake view home boasts 3 bedrooms and 2 bathrooms, offering comfort and tranquility overlooking the serene Port Austin State Harbor. Take a leisurely stroll to Veteran's Park or explore all that the vibrant village has to offer, right at your doorstep. Not ready to dive into the restaurant business? No problem! With this property, the sky's the limit for your entrepreneurial endeavors. Embrace the opportunity to establish your dream business in a thriving lakefront community where blue skies and breathtaking sunsets await. Don't miss out on the chance to be part of the Port Austin lifestyle. Your business debut awaits in this idyllic setting. Call today to make your vision a reality!
Presented by
Babcock Realty
42 W Spring St
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