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    Lake City, MI
    Conventional Restaurant

    Lake City, MI Conventional Restaurants for Sale

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    Cadillac, MI Manton, MI Mc Bain, MI Saginaw, MI Merritt, MI Fife Lake, MI Marion, MI Tustin, MI
    Pizza Restaurant With Commercial Equipment
    Updated: Feb 13
    Pizza Restaurant With Commercial Equipment

    81 N Morey Road, Lake City, MI 49651

    $119,900
    510 sqft 0.01 AC lot
    510‑square‑foot restaurant building constructed in 1950
    Sale includes the operating pizza business and food‑service equipment
    Two‑door natural gas pizza oven and 10‑by‑10‑foot walk‑in cooler included
    Additional equipment includes convection oven, commercial mixer, freezers, and pop cooler
    Located at 81 N Morey Road, just north of the M‑55 and M‑66 intersection
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    Waterfront Restaurant and Bar
    Updated: Jul 27
    Waterfront Restaurant and Bar

    113 S Main Street, Lake City, MI 49651

    $499,900
    2,461 sqft 0.30 AC lot
    2,461‑square‑foot restaurant and bar property
    Sale includes fixtures, furnishings, and restaurant equipment
    Outdoor patio and bar for seasonal dining and entertaining
    Located on three city lots at 113 S Main Street
    Near public access to 1,880‑acre Lake Missaukee
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    Operating Restaurant with Real Estate
    Operating Restaurant with Real Estate

    137 N Front Street, Lake City, MI 49651

    $289,900
    1,400 sqft 0.25 AC lot

    The offering includes an operating restaurant, real estate, equipment, inventory, business assets, and an on-site shed.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Waterfront Restaurant and Bar
    Waterfront Restaurant and Bar

    Lake City, MI 49651

    $499,900
    2,461 sqft

    Fully equipped dining property with commercial kitchen, furnishings, and seasonal outdoor service areas.

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    Established Restaurant Business Opportunity
    Established Restaurant Business Opportunity

    81 N Morey Rd, Lake City, MI 49651

    $119,900
    510 sqft

    Profitable restaurant with high visibility location for sale.

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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 5 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.

    Restaurant and Bar with Patio
    Restaurant and Bar with Patio

    6263 W Houghton Lake Drive, Houghton Lake, MI 48629

    $495,900
    4,210 sqft 0.83 AC lot

    A Class C Resort License and patio license accompany the existing restaurant property.

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

    119 S Mitchell St, Cadillac, MI 49601

    $845,000
    9,300 sqft

    Fully renovated restaurant business opportunity in Cadillac, Michigan.

    View details
    Licensed Bar and Restaurant
    Licensed Bar and Restaurant

    6263 W Houghton Lake Drive, Houghton Lake, MI 48629

    $495,000

    A Class C Resort License and patio license are included with the property.

    View details
    Renovated Restaurant with Bar
    Renovated Restaurant with Bar

    119 S Mitchell Street, Cadillac, MI 49601

    $845,000
    9,300 sqft 0.12 AC lot

    Operating restaurant business with a renovated building, full kitchen, bar, and second-floor deck.

    View details

    Lake City, MI Conventional Restaurants Market Trends and Statistics

    Explore 5 conventional restaurants for sale in Lake City, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 7,342 square feet of properties for sale, with an estimated market value of $1,529,500.

    Sale prices for conventional restaurants in Lake City, MI start at $119,900, averaging $305,900, and reaching up to $499,900 — 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 5
    Bars & Pubs 3
    Commercial kitchens 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 $305.9K

    Taxes & Financing

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

    Total CRE Inventory on Market (SF)

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