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    Carp Lake, MI
    Conventional Restaurant

    Carp Lake, MI Conventional Restaurants for Sale

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    Levering, MI Mackinaw City, MI Cheboygan, MI
    Waterfront Restaurant & Ice Cream Parlor
    Updated: Mar 11
    Waterfront Restaurant & Ice Cream Parlor

    6492 Paradise Trail, Carp Lake, MI 49718

    $599,000
    5,193 sqft
    Prime waterfront location with breathtaking views.
    Well‑established restaurant with a strong, loyal customer base.
    Owner financing available.
    Turn‑key business with a fully staffed team.
    Charming ice cream parlor adds appeal.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    6492 Paradise Trail, Carp Lake, MI 49718

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    • Est. Cap Rate

      7.3%
      Above avg (5.9%)

    • Est. NOI

      $44K
      Annual

    • Price @ 7% Cap

      $628K
      Above asking

    • Last Sold

      Mar 2018
      $60K
    View Property Analytics
    Waterfront Restaurant & Ice Cream Parlor
    Updated: Feb 12, 2025
    Waterfront Restaurant & Ice Cream Parlor

    6492 Paradise Trail, Carp Lake, MI 49718

    $599,000
    5,193 sqft
    Prime waterfront location with breathtaking views in Carp Lake, MI
    Well‑established and thriving restaurant with a strong, loyal customer base
    Includes a charming ice cream parlor, adding to its appeal
    Turn‑key business with a fully staffed team in place for a smooth transition
    Owner financing is available to the right buyer
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Carp Lake, 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.

    Turn-Key Restaurant with Liquor License
    Turn-Key Restaurant with Liquor License

    7515 S US 31 Highway, Alanson, MI 49706

    $699,000
    5,317 sqft

    Fully equipped restaurant with bar, dining space, upstairs living quarters, and an included resort liquor license for operation.

    View details
    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.

    View details
    Turnkey Restaurant in Downtown Charlevoix
    Turnkey Restaurant in Downtown Charlevoix

    311 Bridge Street, Charlevoix, MI 49720

    $55,000
    1,007 sqft

    Profitable restaurant business for sale in high-traffic downtown location.

    View details
    Mixed-Use Building with Restaurant
    Mixed-Use Building with Restaurant

    109 & 111 Bridge, Charlevoix, MI 49720

    $1,450,000
    5,656 sqft

    Downtown mixed-use building combines a street-level restaurant with two residential units and rear alley parking.

    View details

    Carp Lake, MI Conventional Restaurants Market Trends and Statistics

    Explore 2 conventional restaurants for sale in Carp Lake, MI on our real estate platform. These investment opportunities span a total of 10,386 square feet of properties for sale, with an estimated market value of $1,198,000.

    Sale prices for conventional restaurants in Carp Lake, MI start at $599,000, averaging $599,000, and reaching up to $599,000 — 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 2

    Demographics Overview

    Population 622
    Population Growth (5Y) -9.3%
    Median Household Income $44,712
    College Educated 33.7%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49718 $599K

    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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