Rapid River, MI Hotels for sale

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.

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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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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 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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Hospitality Property with Attached Residence

Sault Sainte Marie, MI 49783

$350,000

5,293 sqft

Thirteen-unit hospitality property with an attached single-family residence, offered for sale in B-3 zoning.

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21-Unit Hospitality Property

Sault Sainte Marie, MI 49783

$450,000

6,450 sqft

For sale 21-unit hospitality property with a newly installed flat roof and renovations underway under B-3 zoning.

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Historic Inn and General Store

13747 Main St Ll, Nahma, MI 49864

$750,000

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.

Waterfront Buildable Land

6785 Fouch Road, Traverse City, MI 49684

$250,000

2.69 AC lot

Buildable waterfront lot with an existing pole building, paved drive, and utilities in place for a range of uses.

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Commercial Development Parcel with Office

1040 E Front Street, Traverse City, MI 49686

$1,148,000

1,864 sqft 0.63 AC lot

0.63-acre parcel with two vacant lots and an existing office building, offering flexible options for development or reuse.

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Development Land Parcel

7801 S US-131, Cadillac, MI 49601

$540,000

12.00 AC lot

12-acre parcel zoned residential near US-131 access, with a livable home and surrounding commercial and office/service uses.

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Prime Interstate Frontage Land

PLANEVIEW Drive, Oshkosh, WI 54904

$3,910,000

34.16 AC lot

34+ acres with high traffic and visibility on I-41.

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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 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.

Rapid River, MI Hotels for Sale

10468 S Main Street, Rapid River, MI 49878