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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 Fife Lake, MI Marion, MI Merritt, MI Tustin, MI
    Turnkey Restaurant and Bar with Patio
    Updated: Jul 27
    Turnkey Restaurant and Bar with Patio

    113 S Main Street, Lake City, MI 49651

    $499,900
    2,461 sqft 0.30 AC lot
    Turnkey restaurant and bar with commercial kitchen equipment, fixtures, and furnishings
    Outdoor patio and bar for seasonal dining
    3 city lots with 0.3‑acre lot size
    2,461 SF restaurant building with frame construction and block exterior features
    Metal roof and on‑site parking lot
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    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 SF restaurant building constructed in 1950
    Two‑door natural gas pizza oven included
    10x10 walk‑in cooler included
    Three‑shelf convection oven and commercial‑grade mixer included
    Two stand‑up freezers and one pop cooler included
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    Turnkey Restaurant with Equipment
    Turnkey Restaurant with Equipment

    137 N Front Street, Lake City, MI 49651

    $289,900
    1,400 sqft 0.25 AC lot

    Turnkey restaurant sale includes real estate, equipment, and inventory for a ready-to-operate concept.

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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 With Patio
    Waterfront Restaurant With Patio

    113 S Main Street, Lake City, MI 49651

    $499,900
    2,461 sqft

    Restaurant and bar includes commercial kitchen equipment, fixtures, furnishings, and an outdoor service area.

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    Established Restaurant Business Opportunity
    Established Restaurant Business Opportunity

    Lake City, MI 49651

    $119,900
    0.01 AC lot

    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.

    Waterfront Lounge and Restaurant
    Waterfront Lounge and Restaurant

    4168 W Houghton Lake Drive, Houghton Lake, MI 48629

    $1,800,000
    8,420 sqft 0.95 AC lot

    Lounge and restaurant with 152 feet of lake frontage on a sandy beach, dock, and multiple bar and event areas.

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    Waterfront Restaurant and Lounge
    Waterfront Restaurant and Lounge

    4168 W Houghton Lake Drive, Houghton Lake, MI 48629

    $1,800,000
    8,420 sqft

    Waterfront restaurant and lounge with multiple bar areas, commercial kitchen, and lakeside beach and dock on Houghton Lake.

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    Turnkey Bakery Business
    Turnkey Bakery Business

    9052 E 13th Street, Cadillac, MI 49601

    $49,900
    990 sqft 0.10 AC lot

    Turnkey bakery business offered for sale with drive-thru window at a busy roundabout corner.

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    Turnkey Bakery with Drive-Through
    Turnkey Bakery with Drive-Through

    E 9052 E 13th Street Unit SourceFi, Cadillac, MI 49601

    $49,900
    990 sqft

    Turnkey bakery business offer including a drive-through window at a southeast corner retail location in Cadillac.

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    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 6,832 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 6
    Bars & Pubs 4
    Commercial kitchens 3
    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 $257.4K

    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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