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    Houghton Lake, MI
    Conventional Restaurant

    Houghton Lake, MI Conventional Restaurants for Sale

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    Houghton Lake Heights, MI Prudenville, MI Roscommon, MI Merritt, MI Harrison, MI Saint Helen, MI Marquette, MI Gladwin, MI
    Waterfront Restaurant and Lounge
    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.

    Here's a quick look at some key insights for

    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
    View Property Analytics
    Waterfront Restaurant and Lounge
    Updated: Jul 27
    Waterfront Restaurant and Lounge

    4168 W Houghton Lake Drive, Houghton Lake, MI 48629

    $1,800,000
    8,420 sqft
    About 152 feet of frontage on Houghton Lake
    Four distinct bar areas including a 1,404‑square‑foot open‑air pavilion bar
    Second floor originally designed as a poker room for events or expanded seating
    Commercial kitchen with top‑of‑the‑line equipment and a modern POS system
    Approximately 560‑square‑foot open‑air lakeside balcony plus lakeside dock and sandy beach
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Houghton 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.

    Multi-Use Restaurant and Market Buildings
    Multi-Use Restaurant and Market Buildings

    W 1857 W Higgins Lake Drive Unit SourceFi, Roscommon, MI 48653

    $725,000
    2,428 sqft 0.46 AC lot

    Two income-producing buildings include a pizza restaurant and a newly built coffee shop and market with shared outdoor seating.

    View details
    Retail Restaurant Building
    Retail Restaurant Building

    2121 West Houghton Lake Drive, Prudenville, MI 48651

    $685,000

    Well-maintained building currently operating as a deli with a flexible layout and spacious back area near Walmart on M-55.

    View details
    Higgins Lake Tourist Corridor Business
    Higgins Lake Tourist Corridor Business

    1857 W Higgins Lake Dr, Roscommon, MI 48653

    Contact for pricing
    2,428 sqft 0.46 AC lot

    Business with multiple revenue streams in premier tourist corridor.

    View details
    Recently Remodeled Sports Bar Restaurant
    Recently Remodeled Sports Bar Restaurant

    700 E Houghton Lake Drive, Prudenville, MI 48651

    Contact for pricing

    Recently remodeled in 2022 with finished wood floors, knotty pine bar walls, and ample front and back parking.

    View details

    Houghton Lake, MI Conventional Restaurants Market Trends and Statistics

    Explore 2 conventional restaurants for sale in Houghton Lake, MI on our real estate platform. These investment opportunities span a total of 16,840 square feet of properties for sale, with an estimated market value of $3,600,000.

    Sale prices for conventional restaurants 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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 1
    Conventional restaurants 1

    Demographics Overview

    Population 7,922
    Population Growth (5Y) +7.5%
    Median Household Income $54,622
    College Educated 25.4%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    48629 $1.8M

    Taxes & Financing

    Tax Rate (average for all types) 3.50%
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Roscommon County

    New Delisted

    Total CRE Inventory on Market (SF)

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