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    Conventional Restaurant

    Petoskey, MI Conventional Restaurants for Sale

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    Harbor Springs, MI Alanson, MI Boyne City, MI Boyne Falls, MI Charlevoix, MI East Jordan, MI Brutus, MI Wolverine, MI
    Breakfast and Lunch Restaurant
    Updated: Jul 20
    Breakfast and Lunch Restaurant

    3890 Charlevoix Avenue, Petoskey, MI 49770

    $99,000
    2,150 sqft
    2,150‑square‑foot restaurant property
    Breakfast and lunch restaurant format
    Commercial zoning
    Wood‑frame construction with a metal roof
    Forced‑air heating powered by natural gas
    View details
    Bayside Restaurant with Tavern License
    Updated: May 31, 2024
    Bayside Restaurant with Tavern License

    3890 Charlevoix Avenue Unit: 290, Petoskey, MI 49770

    $99,000
    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
    View details
    See hot listings in Petoskey

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
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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.

    Restaurant with Upstairs Living Quarters
    Restaurant with Upstairs Living Quarters

    7515 S US 31 Highway, Alanson, MI 49706

    $647,500
    5,317 sqft

    Restaurant property includes a bar, dining room, event room, and upstairs living quarters.

    View details
    Turnkey Restaurant Business
    Turnkey Restaurant Business

    311 Bridge St, Charlevoix, MI 49720

    $55,000
    1,007 sqft

    Fully equipped restaurant operation with business assets and a lease takeover included.

    View details
    Restaurant with Bar and Living Quarters
    Restaurant with Bar and Living Quarters

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

    $647,500
    5,317 sqft

    Established restaurant property with dining, bar, upstairs living space, basement storage, and updated kitchen infrastructure.

    View details
    Mixed-Use Building with Condos
    Mixed-Use Building with Condos

    109 & 111 Bridge, Charlevoix, MI 49720

    $1,450,000
    5,656 sqft

    A restaurant tenant occupies the ground floor, with two one-bedroom residences above.

    View details

    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 2,150 square feet of properties for sale, with an estimated market value of $198,000.

    Sale prices for conventional restaurants in Petoskey, MI average $99,000 — 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
    Breakfast & diners 1

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49770 $99K

    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)

    How Realmo verifies these figures

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    Most Searched ZIP Codes in Petoskey, MI

    • 49770

    Featured Petoskey Real Estate Agencies

    Realmo connects you with licensed Petoskey CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Petoskey Real Estate Group
    2206 Mitchell Park Drive, Unit 10 Petoskey, MI 49770
    Phone: (231) 409-9119
    petoskeyregroup.com/
    @ Properties Christie's Int'l Petoskey
    416 E Mitchell St Suite #1 Petoskey, MI
    Phone: (248) 850-8632
    Coldwell Banker Schmidt
    420 Howard Street Petoskey, MI 49770
    Phone: (231) 838-5263
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