Courtyards 1110 Champion Street, Marquette, MI 49855

Property Description

Originally listed at $2.5 million, The Courtyards is now offered at just $1.15 million, a rare opportunity to own a premier property at 50% off its initial price. This property was recently appraised at $1.6 million, giving buyers instant equity. The Courtyards Bar and Restaurant is a beloved establishment in South Marquette, perfectly positioned in the largest city of Michigan’s Upper Peninsula. Marquette boasts a population of over 20,000 residents, with a much larger population in the surrounding areas. It’s also home to Northern Michigan University, which brings thousands of students, faculty, and visitors to town every year. This population drives a consistent demand for excellent dining experiences. This property appraised for $1.6 million. South Marquette is an up-and -coming area with growing potential. A pedestrian crosswalk makes it easy for condo residents and hotel guests from across the street to visit the only restaurant in this neighborhood. With visibility from US 41, the location benefits from exposure to over 20,000 vehicles per day, as reported by MDOT, ensuring high visibility and a steady flow of potential customers. This restaurant was completely rebuilt from the 4 walls, thoughtfully designed by an experienced chef and owner who also operates another successful restaurant in town. From its custom features to top-of-the-line amenities, every detail has been meticulously planned to create a seamless and efficient space that both staff and customers will love. One of the key features of this property is its flexibility; it was designed to allow the bar and restaurant to operate separately if desired, providing a lucrative opportunity to rent out half the space to another business. The sale includes all equipment, furnishings, all inventory, and the county liquor license that's worth $80,000. Recipes and menu are not included in the sale. Whether you want to continue building on the name and reputation of The Courtyards; Home of Second Line T-Boys and Tapas or bring your own concept to this turnkey space, the choice is yours. Speaking of space, this establishment is designed with functionality in mind. Your staff will appreciate the spacious layout behind the bar and in the kitchen, as well as the separate areas for dry storage, keg refrigeration, and a private office—making this a true restaurateur’s dream. The owner has poured their knowledge and expertise into creating a venue that’s as practical as it is inviting. This is more than just a restaurant; it’s a well-crafted opportunity to own a thriving piece of Marquette's vibrant dining scene. Don’t miss your chance—contact us today to learn more and schedule a private tour of this exceptional property!