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    Lake City, MI
    Conventional Restaurant

    Lake City, MI Conventional Restaurants for Sale

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    Cadillac, MI Mc Bain, MI Manton, MI
    Lake City Commercial Opportunity
    Updated: Feb 13
    Lake City Commercial Opportunity

    81 N Morey Road, Lake City, MI 49651

    $119,900
    510 sqft · 0.01 AC lot
    High‑visibility location near the M‑55 and M‑66 intersection.
    Established business with a 20+ year history.
    Includes essential equipment: pizza oven, pizza table, convection oven, commercial mixer, freezers, and walk‑in cooler.
    Opportunity to continue a local tradition or start a new business venture.
    Building included in the sale.
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    Turnkey Restaurant with Equipment
    Updated: Mar 14, 2025
    Turnkey Restaurant with Equipment

    137 N Front Street, Lake City, MI 49651

    $289,900
    1,400 sqft · 0.25 AC lot
    Restaurant business operating for almost 20 years under the current owner; open and operating currently
    Current hours of operation are Wed–Sun 11–8 (was open 6 days per week in 2021)
    Company employs 5 people across cooks, prep cooks, and wait staff
    Sale includes all real estate, shed, business, phone number, all equipment, and inventory
    Property features include vinyl exterior, frame construction, and asphalt roof
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    Restaurant with Natural Gas Pizza Oven
    Restaurant with Natural Gas Pizza Oven

    81 N Morey Road, Lake City, MI 49651

    $119,900

    Turnkey pizza restaurant offering included commercial kitchen equipment and high-visibility roadside access near major intersections.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Established Restaurant Business Opportunity
    Established Restaurant Business Opportunity

    81 N Morey Rd, Lake City, MI 49651

    $129,900
    510 sqft

    Well-located restaurant with equipment included, ready for new ownership.

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    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Lake City, 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.

    Versatile Retail and Office Building
    Versatile Retail and Office Building

    960 W Houghton Lake Drive, Prudenville, MI 48651

    $350,000
    14,810 sqft · 0.34 AC lot

    Well-built storefront-style building with open layout and a bathroom, suited for retail, office, or food and beverage concepts.

    View details
    Prime Commercial Opportunity in Prudenville
    Prime Commercial Opportunity in Prudenville

    2121 W Houghton Lake Drive, Prudenville, MI 48651

    $685,000

    Well-maintained commercial building with flexible layout in high-traffic location.

    View details
    Cadillac Commercial Property with Event Center
    Cadillac Commercial Property with Event Center

    916 S Mitchell Street, Cadillac, MI 49601

    $595,000
    4,000 sqft · 2.25 AC lot

    Three buildings on 2.25 acres with event center.

    View details
    Operating Restaurant Business For Sale
    Operating Restaurant Business For Sale

    119 S Mitchell Street, Cadillac, MI 49601

    $845,000
    9,300 sqft · 0.12 AC lot

    Fully renovated restaurant business opportunity in Cadillac, Michigan.

    View details

    Lake City, MI Conventional Restaurants Market Trends and Statistics

    Explore 4 conventional restaurants for sale in Lake City, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 2,420 square feet of properties for sale, with an estimated market value of $539,700.

    Sale prices for conventional restaurants in Lake City, MI start at $119,900, averaging $179,900, and reaching up to $289,900 — 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 4
    Bars & Pubs 1
    Turn key restaurants 1

    Demographics Overview

    Population 7,540
    Population Growth (5Y) -4.4%
    Median Household Income $61,524
    College Educated 26.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49651 $123.2K

    Taxes & Financing

    Tax Rate (average for all types) 3.24%
    Property Tax per SF $98.07 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Missaukee County

    New Delisted

    Total CRE Inventory on Market (SF)

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