Eastern Market eatery Antietam is entering its final weeks of business and as Curbed Detroit first-reports owner Gregory Holm has put up a portion of the restaurant for sale for a hefty $650,000.
The space — a single-story, 1,040-square-foot Art Deco building located along Gratiot Avenue — is being sold as a turn-key, 30-seat restaurant. That means it comes with all the bells and whistles including Antietam’s commercial kitchen, chairs, tables, and a liquor license that Holm values at $90,000 comes with its own liquor license. The building can be purchased with or without the license and the price would be adjusted accordingly.
As for the two-story building that features Antietam’s main dining room, Holm tells Curbed Detroit that he’s in talks with several small business owners that are interested in the space.
Eastern Market properties have been fetching ever higher price tags over the past few years. On the same block as Antietam, the four-story Viola Building that houses Discount Candles sold for $2 million in December.
Holm purchased both of his buildings for just $36,000, before renovating them for his restaurant, according to the New York Times. Antietam is expected to close on March 31.
• One of Antietam’s Art Deco Buildings Hits the Market [CDET]
• 1420 Gratiot [LoopNet]
• Antietam Bids Adieu to Eastern Market in March [ED]
• Inside Antietam: An Art Deco Gem In Eastern Market [ED]
• All Up For Grabs Coverage [ED]