Seller's Agent in 2021
Robin Vilter
Five Star Real Estate - Front St TC
(231) 642-1379
6 in this area
70 Total Sales
Estimated Value: $2,733,251
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.
Last Agent to Sell the Property
Five Star Real Estate - Front St TC Listed on: 01/31/2021
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vilter Barbara | $410,000 | -- |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/17/2021 06/17/21 | Sold | $2,100,000 | -1.2% | $401 / Sq Ft |
| 05/10/2021 05/10/21 | Pending | -- | -- | -- |
| 01/31/2021 01/31/21 | For Sale | $2,125,000 | -- | $406 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $16,430 | $615,500 | $0 | $0 |
| 2024 | $137 | $519,200 | $0 | $0 |
| 2023 | $13,112 | $501,500 | $0 | $0 |
| 2022 | $15,315 | $486,800 | $0 | $0 |
| 2021 | $12,669 | $475,000 | $0 | $0 |
| 2020 | $12,733 | $470,300 | $0 | $0 |
| 2019 | $12,266 | $441,600 | $0 | $0 |
| 2018 | -- | $437,500 | $0 | $0 |
| 2017 | -- | $438,600 | $0 | $0 |
| 2016 | -- | $435,700 | $0 | $0 |
| 2015 | -- | $433,400 | $0 | $0 |
| 2014 | -- | $429,500 | $0 | $0 |
Seller's Agent in 2021
Robin Vilter
Five Star Real Estate - Front St TC
(231) 642-1379
6 in this area
70 Total Sales
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1883727
APN: 009-009-012-10
Ask me questions while you tour the home.