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    Alanson, MI
    Conventional Restaurant

    Alanson, MI Conventional Restaurants for Sale

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    Restaurant With Upstairs Living Quarters
    Updated: Jul 11
    Restaurant With Upstairs Living Quarters

    7515 S US 31 Highway, Alanson, MI 49706

    $699,000
    5,317 sqft
    5,317‑square‑foot restaurant on 7515 S US 31 Highway, Alanson, MI
    Reported average daily traffic of 15,300 cars
    Upstairs living quarters plus basement storage
    Complete bar, dining room, private event area, and air‑conditioned kitchen
    Newer furnace and AC unit, electrical upgrades, and newer kitchen equipment
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    This listing looks promising.

    Here's a quick look at some key insights for

    7515 S US 31 Highway, Alanson, MI 49706

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    • Est. Cap Rate

      6.4%
      Above avg (5.9%)

    • Est. NOI

      $45K
      Annual

    • Price @ 7% Cap

      $643K
      Suggested

    • Last Sold

      May 2017
      $175K
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    Waterfront Restaurant Building
    Updated: Aug 10
    Waterfront Restaurant Building

    6229 East Street, Alanson, MI 49706

    $385,000
    1,568 sqft 0.40 AC lot
    75' of Crooked River waterfront with dock included
    1,568 SF restaurant‑configured commercial property
    0.4‑acre corner lot in downtown Alanson
    B‑1 zoning and well water
    US 31 traffic averages 15,000 cars daily
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    Waterfront Land with Dock
    Waterfront Land with Dock

    6229 East Street, Alanson, MI 49706

    $385,000
    1,568 sqft 0.40 AC lot

    B-1-zoned waterfront site with a dock and an existing restaurant setup in downtown Alanson.

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    Waterfront Restaurant with Dock
    Waterfront Restaurant with Dock

    6229 East Street, Alanson, MI 49706

    $385,000

    Restaurant property with river frontage, a dock, corner-lot positioning, and B-1 zoning in a walkable downtown setting.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Turn-Key Restaurant with Living Quarters
    Turn-Key Restaurant with Living Quarters

    7515 S U.S. 31 Highway, Alanson, MI 49706

    $699,000
    5,317 sqft

    Fully equipped restaurant with living space and expansion potential.

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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 5 Active listings in Alanson, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Seasonal Restaurant with Outdoor Seating
    Seasonal Restaurant with Outdoor Seating

    1499 S Straits Highway, Indian River, MI 49749

    $199,900
    750 sqft

    Established seasonal operation with a dining area, walk-up counter, equipped kitchen, restroom, and customer parking.

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    Seasonal Restaurant with Outdoor Seating
    Seasonal Restaurant with Outdoor Seating

    1499 Straits Highway, Indian River, MI 49749

    $199,900
    750 sqft

    Established seasonal restaurant with a customer dining area, walk-up counter, equipped kitchen, restroom, and paved parking.

    View details
    Bayside Restaurant with Tavern License
    Bayside Restaurant with Tavern License

    3890 Charlevoix Ave, Petoskey, MI 49770

    $120,000
    2,150 sqft

    Well-established restaurant serving breakfast and lunch, with a tavern license available by application.

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    Restaurant with Tavern License
    Restaurant with Tavern License

    3890 Charlevoix Avenue, Petoskey, MI 49770

    $99,000
    2,150 sqft

    Bayside Restaurant is a wood-frame restaurant offering breakfast and lunch, with heating by forced air natural gas and a metal roof.

    View details

    Alanson, MI Conventional Restaurants Market Trends and Statistics

    Explore 5 conventional restaurants for sale in Alanson, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 13,770 square feet of properties for sale, with an estimated market value of $2,553,000.

    Sale prices for conventional restaurants in Alanson, MI start at $385,000, averaging $510,600, and reaching up to $699,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 5
    Bars & Pubs 1
    Drive through restaurants 1

    Demographics Overview

    Population 4,712
    Population Growth (5Y) +4.5%
    Median Household Income $63,573
    College Educated 26.5%

    High-Yield Neighborhoods for Investment

    Identify Alanson submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49706 $699K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Emmet County

    New Delisted

    Total CRE Inventory on Market (SF)

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