This building right in the heart of the commercial section of St. James, Michigan is a two story building with a fabulous residence on the upper level and a business on the first floor level. It was originally known as Harbor Market and was a convenience store somewhat like a 7-11 on the mainland but with more grocery items. Both Eric and Dana Hodgson and later Michael and Kelly Collins operated this convenience store and it was very popular for a number of years. It has a package liquor take-out (SDM) license that can be used by the owner of the business. The first floor level of the building is currently a beer, wine and liquor take-out store with indoor and outdoor seating for the sandwich shop/restaurant known as Harbour Bodega. The current owner of the building has a lease for the use of the lower level that operates with the liquor license. Someone buying the building could continue the attractive lease on the business part of the building or after the termination of the lease install their own business. The second floor level is an absolutely fabulous large apartment that is nicer than most of the residential square footage found on Beaver Island. With the Master Suite on the Northwest side of the upper level being finished right now, there is almost 3,000 sq. ft. of beautiful living area with a full view of Beaver Harbor and its boat traffic from the living room on the Harbor end of the residence. The new Master Suite includes a propane fireplace in a large bedroom area along with very large his and hers closets and a large wonderful bathroom. This Master Suite has a lot of fine finishing and special touches. Since there is no other spot in town where someone could buy a lot like this with Harbor District zoning, (not to speak of a liquor package take-out license) The cost to rebuild this building today at todays construction prices is up over $1,800,000.00. With the equipment in the lower level and the current cost of the commercial lot (raw land value) to replicate this offering would cost someone over $2,000.000.00. This offering is perfect for a couple who just want a beautiful residence on the main street of Beaver Harbor with an attractive lease for the lower level from another party. (You get a fine home and an income property.) A younger couple or retirees still wanting to work could have a nice home above a business of their choice. The profits from an after hours convenience store with beer, wine and liquor sales would with the current growth of Beaver Island provide a good living for the building owners. No financial information is available from the current tenant but the current owner and the listing Broker can provide information on the lease arrangements. You would not be buying a current business, but a residential and commercial building for the start of your own business or a new lease arrangement with the current lessee or others. Go to edwojanrealty.com for a lot more pictures and a longer description. Priced Firm at $895,000.00. Showings are by appointment only after proof of financial capability for the purchase.
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