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    Manistique, MI
    Conventional Restaurant

    Manistique, MI Conventional Restaurants for Sale

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    Thompson, MI Gulliver, MI Garden, MI Germfask, MI Rapid River, MI Nahma, MI
    Historic Restaurant with Outdoor Dining
    Updated: May 12, 2025
    Historic Restaurant with Outdoor Dining

    1263 M149 Highway, Manistique, MI 49854

    $415,000
    4,000 sqft 21.82 AC lot
    4,000‑square‑foot restaurant property on 21.82 acres
    Built in 1940 with outdoor dining and patio areas
    Transferable Michigan Original 550 Resort Liquor License
    Direct access to Trail 7
    Up to 26 beers on tap and on‑site gas pumps
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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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Manistique, 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.

    Coffee Shop and Bakery
    Coffee Shop and Bakery

    10649 N Bay Shore Dr, Sister Bay, WI 54234

    $1,200,000
    676 sqft 0.03 AC lot

    Seasonal cafe and bakery with business operations, equipment, inventory, and real estate included.

    View details
    Analog Coffee Shop and Bakery
    Analog Coffee Shop and Bakery

    10649 North Bay Shore Drive, Sister Bay, WI 54234

    Contact for pricing
    676 sqft

    Established cafe and bakery business with equipment, inventory, recipes, brand, and real estate included.

    View details
    Turnkey Bar and Restaurant
    Turnkey Bar and Restaurant

    1110 Champion Street, Marquette, MI 49855

    $1,150,000
    4,280 sqft

    Turnkey bar and restaurant for sale with included equipment, furnishings, inventory, and a county liquor license.

    View details
    Established Restaurant Opportunity in Marquette
    Established Restaurant Opportunity in Marquette

    824 North 3rd Street, Marquette, MI 49855

    $449,900

    Turnkey restaurant with loyal following on North Third Street.

    View details

    Manistique, MI Conventional Restaurants Market Trends and Statistics

    Explore 1 conventional restaurants for sale in Manistique, MI on our real estate platform. These investment opportunities span a total of 4,000 square feet of properties for sale, with an estimated market value of $415,000.

    Sale prices for conventional restaurants in Manistique, MI average $415,000 — 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 6,148
    Population Growth (5Y) -0.7%
    Median Household Income $57,212
    College Educated 27.9%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49854 $415K

    Taxes & Financing

    Tax Rate (average for all types) 4.41%
    Property Tax per SF $81.50 per SF
    Tax Rate vs County Average 0.84 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Schoolcraft County

    New Delisted

    Total CRE Inventory on Market (SF)

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