Conventional Restaurant

Riverdale, MI Conventional Restaurants for Sale

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Elm Hall, MI Elwell, MI Vestaburg, MI Crystal, MI Alma, MI Edmore, MI Mount Pleasant, MI Saint Louis, MI
Riverdale Tavern Bar and Pub
Updated: Feb 26
Riverdale Tavern Bar and Pub

6681 N Lumberjack Road, Riverdale, MI 48877

$375,000
6,560 sqft 0.37 AC lot
6,560‑square‑foot bar and pub property on 0.37 acres
Over 4,000 square feet on the main level with over 2000 square feet above
Antique bar, furnishings, fixtures, and equipment included
Outdoor bar and fencing added in 2024
Event tent included for car shows, bike shows, and fundraisers
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Historic Restaurant and Tavern
Updated: Feb 26
Historic Restaurant and Tavern

Riverdale, MI 48877

$375,000
More than 4,000 square feet on the main level
Over 2000 square feet of additional space above the tavern
Outdoor bar and fencing added in 2024
Generac generator added in 2025
Class C Sunday Sales license
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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 6 Potential Opportunities for your consideration. Besides 2 Active listings in Riverdale, 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 Existing Kitchen
Restaurant with Existing Kitchen

1623 S Mission Street, Mt Pleasant, MI 48858

$1,449,000
5,773 sqft 1.01 AC lot

Former restaurant property beside Central Michigan University with dining, storage, and food-service infrastructure in place.

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Downtown Riverfront Restaurant Building
Downtown Riverfront Restaurant Building

506 W Broadway, Mt Pleasant, MI 48858

$1,500,000
10,327 sqft 7.00 AC lot

Restaurant property with river frontage in downtown Mt. Pleasant and current operators Mountain Town Station and Camille's on the River.

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Freestanding Quick-Service Restaurant
Freestanding Quick-Service Restaurant

1490 Wright Ave, Alma, MI 48801

$780,771
3,043 sqft 0.73 AC lot

Freestanding KFC secured by a long-term 20-year NNN lease with tenant responsibility for taxes, insurance, and maintenance.

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Burger King Drive-Through Restaurant
Burger King Drive-Through Restaurant

1675 Wright Avenue, Alma, MI 48801

Contact for pricing
2,750 sqft

Remodeled restaurant property featuring an absolute net lease and established occupancy at the site.

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Riverdale, MI Conventional Restaurants Market Trends and Statistics

Explore 2 conventional restaurants for sale in Riverdale, MI on our real estate platform. These investment opportunities span a total of 6,560 square feet of properties for sale, with an estimated market value of $750,000.

Sale prices for conventional restaurants in Riverdale, MI average $375,000 — 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 2
Conventional restaurants 2

Demographics Overview

Population 2,078
Population Growth (5Y) -11.4%
Median Household Income $57,222
College Educated 12.1%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
48877 $399K

Taxes & Financing

Tax Rate (average for all types) 4.00%
Tax Rate vs County Average 0.04 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Gratiot County

New Delisted

Total CRE Inventory on Market (SF)

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