Property Watch: A House Specialty

A new commercial real estate opportunity has popped up in the village of Suttons Bay (note that it’s for the property only: Martha’s Leelanau Table is not for sale.) This cherry-red Leelanau landmark (413 N. St. Joseph Street; $625,000; MLS #1901513) was built in 1900 and, as Martha’s Leelanau Table, has been a staple of the county’s restaurant scene since 2007/2008. That’s when chef Martha Ryan and partners saw a house-in-need-of-love as the perfect place to showcase her local farm-to-plate cookery. That, of course, is a story onto itself, as this 2015 feature from the Northern Express shares. Ryan currently operates the restaurant for dinner service six days a week with her son Matt Ryan and daughter-in-law Andi Ryan.

The property footprint houses a 1,689-square foot restaurant space and commercial kitchen, plus two patios. Upstairs is a 950-square foot, 1-bed, 1-bath apartment. Both are currently leased by Martha’s Leelanau Table. Listing agent and longtime commercial broker in the county, Cory Beuerle of CENTURY 21 Northland, shares that this is an unusual opportunity to join the village’s downtown commercial community, and notes that Martha’s will remain as the tenant of both spaces, keeping the current lease terms in place until November of 2023.

+++
Property Watch is sponsored by Venture Properties. Check out their exclusive waterfront listings in TC, Leland, and Northport here.