NOT LISTED FOR SALE

Estimated Value: $2,733,251

4 Beds
8 Baths
5,233 Sq Ft
$522/Sq Ft Est. Value

Sale Details

Date Sold: June 17, 2021

Last sale price $2,100,000 $401 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $16,089 / mo

99 Days on Market

Highlights

  • Private Waterfront
  • Deeded Waterfront Access Rights
  • 0.61 Acre Lot
  • Leland Public School Rated A-
  • Private Dock
  • 3-minute walk to Village Green

About This Home

As of June 2021

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

Robin Vilter

Five Star Real Estate - Front St TC Listed on: 01/31/2021

Last Buyer's Agent

Robin Vilter

Five Star Real Estate - Front St TC Listed on: 01/31/2021

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1902

Lot Details

  • 26,572 Sq Ft Lot
  • Lot Dimensions are 88x60x107x50x200
  • Private Waterfront
  • 107 Feet of Waterfront
  • Landscaped
  • Corner Lot
  • Sprinkler System
  • Garden
  • The community has rules related to zoning restrictions

Parking

  • Gravel Driveway

Home Design

  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 5,233 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer
  • Formal Dining Room
  • Water Views
  • Home Security System

Kitchen

  • Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Handicap Accessible

Outdoor Features

  • Deeded Waterfront Access Rights
  • River Access
  • Private Dock
  • Tiered Deck
  • Patio
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating
  • Well
  • Water Softener is Owned
  • Cable TV Available

Home Details

Home Type

Single Family

Year Built

Built in 1902

Lot Details

0.61 Acres

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2 Story, Bed & Breakfast
  • Percent Of Remodel: 100
  • Estimated Year Built: 1902
  • Construction: Frame
  • Private Shared: Private
  • Univs Design Barrier Free: Widened Doors, Main Floor Access, No Steps Entry, Covered Entrance
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1902
  • Year Renovated: 2019

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Microwave, Water Softener Owned, Washer, Dryer, Security System, Freezer, Exhaust Fan, Ceiling Fan, Smoke Alarms(s)
  • Interior Amenities: Foyer Entrance, Pantry, Island Kitchen, Formal Dining Room, Beamed Ceilings
  • Bedrooms: 4
  • Bedroom 1: Dimensions: 30x20, On Level: Upper Floor
  • Total Bathrooms: 7
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 2
  • Full Bathrooms: 4
  • Number of Three Quarter Bathrooms: 2
  • Half Bathrooms: 2
  • Main Floor Primary: No
  • Kitchen: Dimensions: 30x30, On Level: Main Floor
  • Range: R 12W
  • Total Finished Sf Apx: 5233

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Body Of Water: Leland River
  • Exterior Features: Sprinkler System, Deck, Multi-Level Decking, Patio, Handicap Access, Landscaped, Garden Area
  • Exterior Finish: Vinyl
  • Foundation: Block
  • Number Of Acres: 0.61
  • Road: Public Maintained
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), River, Water View, Private Dock
  • Waterfront Frontage: 107

Garage/Parking

  • Driveway: Gravel

Utilities

  • Fireplaces And Stoves: Fireplace(s), Gas
  • Heating Cooling Types: Forced Air, Baseboard
  • Laundry: On Level: Upper Floor
  • Sewer: Municipal
  • Tv Service Internet Avail: Cable TV, Cable Internet
  • Water: Private Well

Lot Info

  • Deeded Waterfront: Yes
  • Land Features: Corner Lot
  • Lot Dimensions: 88x60x107x50x200
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential, Commercial

Tax Info

  • Summer Taxes: 10,306
  • Winter Taxes: 1959.70
  • Year Winter: 2019

MLS Schools

  • School District: Leland Public School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 1997
Sold by
Relishyour Co Ltd
Bought by
Vilter Barbara
Current Estimated Value
$2,733,251
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Vilter Barbara $410,000 --
Source: Public Records

Property History

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
Source: Northern Great Lakes REALTORS® MLS

Tax History

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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1883727

Northern Great Lakes REALTORS® MLS

APN: 009-009-012-10

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