Conventional Restaurant

Empire, MI Conventional Restaurants for Sale

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Glen Arbor, MI Honor, MI Lake Ann, MI Maple City, MI Traverse City, MI Interlochen, MI Cedar, MI Beulah, MI
Lakefront Hotel Property With Restaurant
Updated: Jul 11, 2025
Lakefront Hotel Property With Restaurant

7345 W Glenmere Road, Empire, MI 49630

$1,895,000
3,189 sqft 5.00 AC lot
5 wooded acres with 172 feet of sandy Glen Lake frontage
Empire Township special use permit finalized in November 2024
Redevelopment plan allows 9 en‑suite guest rooms and 1 manager/owner suite
Approved restaurant and lounge configuration includes 50 seats and 20 seats
13 original second‑floor rooms plus 3 free‑standing rental cottages
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Restaurant Property with Patio
Updated: Apr 12
Restaurant Property with Patio

10235 W Front Street, Empire, MI 49630

Contact for pricing
100 indoor seats plus 90 additional patio seats
Newly constructed outdoor patio
Real estate and all business assets included
Class C & SDM liquor licenses included
Southeast corner of Front and Lake streets
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Empire, 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.

Historic Mixed-Use Building Near West Bay
Historic Mixed-Use Building Near West Bay

601 Randolph Street, Traverse City, MI 49684

$1,400,000
3,250 sqft

Unique mixed-use property in prime location near shopping and dining.

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Corner Office and Restaurant Building
Corner Office and Restaurant Building

12930 S West Bay Shore Dr, Traverse City, MI 49684

$1,695,000

Fully furnished corner building with a renovated restaurant main floor and multi-office occupancy upstairs.

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Established Restaurant Business
Established Restaurant Business

10583 Main St, Honor, MI 49640

Contact for pricing

Operating food-service business offered with equipment, recipes, goodwill, and an existing lease.

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Restaurant with Resort Liquor License
Restaurant with Resort Liquor License

6410 W Western Ave, Glen Arbor, MI 49636

Contact for pricing

Established downtown restaurant with indoor seating for 160, outdoor space for 60+, and a Class C resort liquor license included.

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Empire, MI Conventional Restaurants Market Trends and Statistics

Explore 2 conventional restaurants for sale in Empire, MI on our real estate platform. These investment opportunities span a total of 3,189 square feet of properties for sale, with an estimated market value of $1,895,000.

Sale prices for conventional restaurants in Empire, MI average $1,895,000 — 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
Bars & Pubs 1

Demographics Overview

Population 1,484
Population Growth (5Y) +6.2%
Median Household Income $101,875
College Educated 80.4%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
49630 $1.9M

Taxes & Financing

Tax Rate (average for all types) 2.45%
Tax Rate vs County Average 0.20 pp above county avg
Average Loan-to-Value 65.0%

Total CRE Inventory on Market (SF)

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