Houghton Lake, MI Bars & Pubs for sale

Updated: Jul 27

Waterfront Restaurant and Lounge

4168 W Houghton Lake Drive, Houghton Lake, MI 48629

$1,800,000

8,420 sqft 0.95 AC lot

Iconic Limberlost Lounge & Restaurant with 152 ft of frontage on Houghton Lake (Michigan’s largest inland lake).
Approx. 8,400 sq ft restaurant and lounge with a horseshoe‑shaped bar plus 4 distinct bar areas for service and events.
Three‑sided open‑air lakeside pavilion bar with approx. 1,404 sq ft of space, plus a lake‑level open‑air lower bar.
Second‑floor poker‑room space for private events, gaming, entertainment, or expanded seating.
Commercial kitchen with top‑of‑the‑line equipment and modern POS system; unique char broiler in the dining area.

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This listing looks promising.

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4168 W Houghton Lake Drive, Houghton Lake, MI 48629

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Est. Cap Rate

3.6%
NOI ÷ price
Est. NOI

$64K
Annual
Price @ 7% Cap

$916K
Suggested

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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Houghton Lake, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Restaurant and Bar With Liquor License

2123 Industrial Dr, Grayling, MI 49738

$399,900

6,460 sqft 1.28 AC lot

Former bar-and-grill property includes a liquor license and site contents, offering a ready-to-launch food and beverage setup.

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Restaurant and Bar with Patio

117 S Main Street, Lake City, MI 49651

$475,000

2,300 sqft 0.05 AC lot

For sale bar and restaurant with patio space overlooking Lake Missaukee in downtown Lake City.

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Historic Saloon with Patio

Lake City, MI 49651

$475,000

2,300 sqft

Bar space and patio total approximately 2,300 square feet each, with views overlooking Lake Missaukee.

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Established Restaurant/Bar in Grayling, MI

6811 W M 72, Grayling, MI 49738

$450,000

0.39 AC lot

Thriving restaurant/bar with high traffic and growth potential.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Turn-Key Restaurant with Waterfront Deck

2403 Sunnyside Drive, Cadillac, MI 49601

$774,000

5,136 sqft 3.00 AC lot

Turn-key restaurant offering interior seating plus seasonally popular waterfront deck seating for 60.

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Turn-Key Waterfront Restaurant

2403 Sunnyside Drive, Cadillac, MI 49601

$774,000

5,136 sqft 3.00 AC lot

Turn-key restaurant with interior seating and a seasonally used waterfront deck for 60.

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Commercial Land Parcel with Highway Access

1400 LYNN Avenue, Fond Du Lac, WI 54935

$275,000

2.57 AC lot

C-2 General Business District commercial land parcel located right off Highway 23 near Aurora Medical Clinic.

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Corner Commercial Development Parcel

LYNN Avenue, Fond Du Lac, WI 54935

$260,000

1.30 AC lot

Corner commercial parcel zoned C-2, located off Highway 23 near Aurora Medical Clinic.

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Houghton Lake, MI Bars & Pubs Market Trends and Statistics

Explore 1 bars & pubs for sale in Houghton Lake, MI on our real estate platform. These investment opportunities span a total of 8,420 square feet of properties for sale, with an estimated market value of $1,800,000.

Sale prices for pubs in Houghton Lake, MI average $1,800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Houghton Lake, MI Bars & Pubs for Sale

4168 W Houghton Lake Drive, Houghton Lake, MI 48629