$589,000

201 E Broad Street, Bellaire MI, 49615

Price per sqft$245.42

Built in1950

Property size2,400 sqft

Property typeCommercial

Listed by Jeanette Gillespie with Coldwell Banker Schmidt-Bellai Listing Contact: 231-676-8023

Overview

Active

Listed May 13, 2026

Updated 3 weeks ago

Turn-key investment opportunity in the heart of downtown Bellaire with established tenants and immediate income in place. This updated 2,400-square-foot commercial building offers excellent visibility in one of Northern Michigan’s premier destination communities. The property is currently home to Fireside Lounge, secured by a 10-year lease with scheduled annual rent increases, and The Escape Room, with a 2-year lease. Recent improvements include insulation, furnace, electrical, a ceiling-mounted air filtration system, flooring, and roof resealing with rubber membrane and updated flashing. Durable cement block construction, public utilities, a generator hookup, and two restrooms, including one ADA-compliant restroom, add to the building’s functionality and long-term appeal. The bar structure and attached lighting are included in the sale; tenant-owned furniture, décor, sinks, dishwashers, and under-bar items are excluded. Ideally positioned in vibrant downtown Bellaire, the property is surrounded by popular shops, restaurants, breweries, and year-round recreation, offering an opportunity to invest in an established commercial location with long-term income already in place.

Additional information

MLS^® ID: 1945055

Interior Features

Bathrooms: 2
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.28 Acres

Other Property Details

Association Fee Frequency: Yearly

Listed by Jeanette Gillespie with Coldwell Banker Schmidt-Bellai
Listing Contact: 231-676-8023

The IDX display contains information sourced from the Northern Great Lakes REALTORS® MLS as of 9/17/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 9/17/2026 at 12:32 AM UTC