Rapid River, MI Hospitality properties for sale

Updated: Apr 22

Historic Inn with Bar and Dining

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.

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This listing looks promising.

Here's a quick look at some key insights for

10468 S Main Street, Rapid River, MI 49878

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Est. Cap Rate

5.1%
NOI ÷ price
Est. NOI

$15K
Annual
Price @ 7% Cap

$216K
Suggested
Last Sold

Apr 2007
$33K

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Updated: Aug 10

Commercial Land with Highway Frontage

TBD US2, Rapid River, MI 49878

$2,000,000

22 acres of commercial land in Rapid River, MI
Approximately 850' of frontage on Hwy US 2
Commercial zoning identified for the property
Potential uses include a hotel, resort, or food establishment
High‑traffic highway setting

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Rapid River, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Waterfront Hospitality Inn and Restaurant

13747 Main Street, Nahma, MI 49864

$750,000

6,397 sqft 3.31 AC lot

Includes an 18-room operating hotel with bar and restaurant, plus a neighboring general store event venue and private dock access.

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Updated Hotel with Outdoor Amenities

190 E M - 35 Highway, Gwinn, MI 49841

$750,000

7,263 sqft 2.87 AC lot

Guest rooms offer refreshed furnishings, smart TVs, kitchen appliances, and an extended-stay kitchenette suite.

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Turnkey Motel with Updated Rooms

190 E M - 35 Highway, Gwinn, MI 49841

$750,000

7,263 sqft 2.87 AC lot

Turnkey motel with updated guest rooms, including 40-inch smart TVs, plus outdoor patio, sauna, and fenced pet area.

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Historic Inn and General Store

13747 Main St Ll, Nahma, MI 49864

Contact for pricing

Unique 17-room hotel and venue in picturesque location.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Marquette County Land For Sale

Plantation LN E 20, Rock, MI 49880

$52,000

20.00 AC lot

20+/- acres near Escanaba River with state land access.

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Recreation Land Parcel with Lake Access

N State Hwy M-94, Manistique, MI 49854

Contact for pricing

0.50 AC lot

Recreation land parcel with electric available at the road and paved road access near Boot and Lily Lake.

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Manistique Commercial Land For Sale

6838 W US2 Highway, Manistique, MI 49854

$350,000

14.34 AC lot

Vacant land with highway frontage near Lake Michigan.

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Munising Acreage on Sand Point Road

on Sand Point Road, Munising, MI 49862

$200,000

17.00 AC lot

17-acre parcel with frontage on Sand Point Road, Munising, MI.

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Rapid River, MI Hospitality Properties Market Trends and Statistics

Explore 2 hospitality properties 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 $2,299,900.

Sale prices for hospitality properties in Rapid River, MI start at $299,900, averaging $1,149,950, and reaching up to $2,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
49878	$299.9K

Neighborhood

Average Price

49878

$299.9K