302 E River Street, Leland, MI 49654

$2,125,000
4
BD
8
BA
5,233
SqFt
List Price
$2,125,000
Days on Market
30
Status
ACTIVE U/C TAKING BACKUPS
MLS#
1883727
Bedrooms
4
Bathrooms
8
Full Baths
4
Half Baths
2
Three Quarter Baths
2
Living Area
5,233
Lot Size (Acres)
0.61
Style
2 Story, Other, Bed & Breakfast
Year Built
1902

Property Description

Welcome to the Riverside Inn! This is a rare opportunity to own one of the most iconic businesses in Leelanau. Originally built in 1902, this historic restaurant and B&B has been completely remodeled and updated in 2019 with all new furnishings and fixtures throughout. The building consists of over 3600 square feet of restaurant space overlooking the river and neighboring park, 1700 square foot upper level with 4 exquisite guests suites and office, spacious riverfront deck, the west terrace, and large dock. “The Riv” truly is part of the fabric of the community with families returning to dine for generations. Currently operating as a chic, fine dining restaurant and B&B - the waterfront property offers so much more potential. Use the existing 2nd bar license to add a waterfront beer garden? Kayak rentals on the large dock? Catering? Potential retail revenue from sales of bakery items or other epicurean delights? All day charcuterie? Food and beverage dockside "to-go"? No need to rebrand - with the restaurant and inn being so well established, just add some imagination to make it yours and bring it to the next level! Completely turnkey and includes real estate, business, inventory, furnishings, all licenses, and a ton of nostalgia. Zoned C-2. Under current zoning part of the building or all of the building could be converted to a private residence.

Additional Information

Building Name
N/A
Interior Features
Foyer Entrance, Pantry, Island Kitchen, Formal Dining Room, Beamed Ceilings
Amenities
None
Exterior Features
Sprinkler System, Deck, Multi-Level Decking, Patio, Handicap Access, Landscaped, Garden Area
Roof
Asphalt
Water
Private Well
Sewer
Municipal
School District
Leland Public School District

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Schmidt-Leland.