Conventional Restaurant

Petoskey, MI Conventional Restaurants for Sale

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Harbor Springs, MI Alanson, MI Boyne Falls, MI
Established Breakfast and Lunch Restaurant
Updated: Jan 26
Established Breakfast and Lunch Restaurant

3890 Charlevoix Avenue, Petoskey, MI 49770

$120,000
2,150 sqft
Wood frame construction with forced air heating and natural gas service
Metal roof
Restaurant known for breakfast and lunch offerings
Tavern license available to future tenants with application to the State
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Bayside Restaurant with Tavern License
Updated: Jul 6
Bayside Restaurant with Tavern License

3890 Charlevoix Ave, Petoskey, MI 49770

$120,000
2,150 sqft
Well‑established restaurant in Petoskey/Bay Harbor offering breakfast and lunch
Tavern license available to future tenants with application to the State
Opportunity to expand with added dinner service or catering to grow revenue streams
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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Petoskey, 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.

Turn-Key Restaurant with Liquor License
Turn-Key Restaurant with Liquor License

7515 S US 31 Highway, Alanson, MI 49706

$699,000
5,317 sqft

Fully equipped restaurant with bar, dining space, upstairs living quarters, and an included resort liquor license for operation.

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Turn-Key Restaurant with Living Quarters
Turn-Key Restaurant with Living Quarters

7515 S U.S. 31 Highway, Alanson, MI 49706

$699,000
5,317 sqft

Fully equipped restaurant with living space and expansion potential.

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Turnkey Restaurant in Downtown Charlevoix
Turnkey Restaurant in Downtown Charlevoix

311 Bridge Street, Charlevoix, MI 49720

$55,000
1,007 sqft

Profitable restaurant business for sale in high-traffic downtown location.

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Mixed-Use Building with Restaurant
Mixed-Use Building with Restaurant

109 & 111 Bridge, Charlevoix, MI 49720

$1,450,000
5,656 sqft

Downtown mixed-use building combines a street-level restaurant with two residential units and rear alley parking.

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Petoskey, MI Conventional Restaurants Market Trends and Statistics

Explore 2 conventional restaurants for sale in Petoskey, MI on our real estate platform. These investment opportunities span a total of 4,300 square feet of properties for sale, with an estimated market value of $240,000.

Sale prices for conventional restaurants in Petoskey, MI start at $120,000, averaging $120,000, and reaching up to $120,000 — 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

Conventional restaurants 2
Bars & Pubs 1
Breakfast & diners 1

Demographics Overview

Population 18K
Population Growth (5Y) +4.9%
Median Household Income $80,431
College Educated 68.9%

Taxes & Financing

Tax Rate (average for all types) 2.30%
Property Tax per SF $9.63 per SF
Tax Rate vs County Average 1.82 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Emmet County

New Delisted

Total CRE Inventory on Market (SF)

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