Advertise
    Rapid River, MI
    Conventional Restaurant

    Rapid River, MI Conventional Restaurants for Sale

    Notify Me
    List
    Map
    Gladstone, MI Perkins, MI Cornell, MI Rock, MI Wells, MI Escanaba, MI Nahma, MI Wetmore, MI
    Historic Restaurant with Full Bar
    Updated: Apr 22
    Historic Restaurant with Full Bar

    10468 S Main Street, Rapid River, MI 49878

    $299,900
    3,938 sqft 0.26 AC lot
    Established Business with Over 100 Years of Operation: An iconic business in the heart of Rapid River.
    Turn‑Key Operation: Includes a full bar, dining area, kitchen, public bathrooms, stock, tables, and chairs (excluding liquor).
    Favorable Reputation: Known for "Best Fish Fry in the U.P." and a one‑of‑a‑kind salad bar.
    Income Potential: Apartments upstairs can be remodeled for on‑site living or additional income.
    Licenses Included: Comes with a Class C Liquor license and Michigan Lottery Retailer license.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    10468 S Main Street, Rapid River, MI 49878

    View Property Analytics

    • Est. Cap Rate

      5.1%
      NOI ÷ price

    • Est. NOI

      $15K
      Annual

    • Price @ 7% Cap

      $216K
      Suggested

    • Last Sold

      Apr 2007
      $33K
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Rapid River, 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.

    Corner Restaurant and Auto Shop
    Corner Restaurant and Auto Shop

    1636 Ludington Street, Escanaba, MI 49829

    $700,000
    11,000 sqft 0.70 AC lot

    Mixed-use corner building with an operating Mexican restaurant and an automotive repair and used car component.

    View details
    Turn-Key Italian Restaurant Property
    Turn-Key Italian Restaurant Property

    207 E Pearl Street, Ishpeming, MI 49849

    $614,900
    2,790 sqft 0.12 AC lot

    Back dining room has new HVAC, and a water heater was installed in 2/26.

    View details
    Escanaba Corner Property with Restaurant
    Escanaba Corner Property with Restaurant

    1636 Ludington, Escanaba, MI 49829

    $700,000

    Mixed-use property featuring a restaurant and auto shop.

    View details
    Established Italian Restaurant in Ishpeming
    Established Italian Restaurant in Ishpeming

    207 E Pearl, Ishpeming, MI 49849

    $614,900
    2,790 sqft

    Turn-key Italian restaurant for sale in downtown Ishpeming.

    View details

    Rapid River, MI Conventional Restaurants Market Trends and Statistics

    Explore 1 conventional restaurants for sale in Rapid River, MI on our real estate platform. These investment opportunities span a total of 3,938 square feet of properties for sale, with an estimated market value of $299,900.

    Sale prices for conventional restaurants in Rapid River, MI start at $299,900, averaging $299,900, and reaching up to $299,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 1
    Coffee shops 1
    Conventional restaurants 1
    Drive through restaurants 1

    Demographics Overview

    Population 3,184
    Population Growth (5Y) -5.8%
    Median Household Income $63,750
    College Educated 29.3%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49878 $299.9K

    Taxes & Financing

    Tax Rate (average for all types) 3.92%
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Delta County

    New Delisted

    Total CRE Inventory on Market (SF)

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Popular Searches in Rapid River, MI

    Most Searched ZIP Codes in Rapid River, MI

    • 49878

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!