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    Gladstone, MI Brampton, MI Perkins, MI Cornell, MI Rock, MI Escanaba, MI Wells, MI Nahma, MI
    Historic Inn with Bar and Dining
    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
    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.

    Historic 16-Room Hotel With Restaurant
    Historic 16-Room Hotel With Restaurant

    13747 Main Street, Nahma, MI 49864

    $500,000
    6,397 sqft 0.60 AC lot

    Operating hospitality property combines guest lodging with an on-site bar and restaurant.

    View details
    Waterfront Hospitality Inn and Restaurant
    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.

    View details
    Hotel Property with Lake Views
    Hotel Property with Lake Views

    1757 N Manitou Trail, Leland, MI 49654

    $4,200,000
    9,244 sqft 4.33 AC lot

    Hospitality property with multiple buildings, short-term lodging units, and private frontage on North Lake Leelanau.

    View details
    Multi-Building Lakefront Hotel
    Multi-Building Lakefront Hotel

    1757 N Manitou Trl, Leland, MI 49654

    $4,200,000
    9,244 sqft

    Hospitality property with short-term lodging, a historic lodge, guest services, and recreational rental operations.

    View details

    Rapid River, MI Hotels Market Trends and Statistics

    Explore 1 hotels 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 resorts in Rapid River, MI average $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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 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)

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