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    113 Main St Lake City, MI 49651

    For Sale
    $470,000

    Restaurant/Food Service,Bar - Lake City, MI

    Property size:
    2,500 SF
    Lot size:
    0.30 Acres
    Days on Market:
    67
    Last Refresh:
    Dec 14 at 3:06 pm

    Property Features for 113 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement
    Basement Y/N
    1
    Size
    2,500 SF
    Lot size
    0.30 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1998
    Roof type
    Metal
    Architectural style
    Other

    Five Star Real Estate (616) 791-1500 [email protected]

    Listing agent Justin Lewis (231) 920-7579

    Listing date Oct 9, 2025

    MLS# 1935283 Listing URL

    Copyright © 2025 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake City Restaurant/Bar Opportunity

    This commercial property, suitable for restaurant, retail, or bar use, is located steps from Lake Missaukee. The 2,500 sq. ft. building is situated on three lots and offers lake views with accessibility by foot, car, or boat. The property is equipped for immediate use and includes a commercial kitchen and a full bar setup. The interior features a dining area, chef’s kitchen, soup and salad prep area, two public restrooms, a private staff restroom, and utility storage. The lower level contains office space, laundry facilities, and storage. Outdoor amenities include patio seating with tables, umbrellas, and chairs. The building is wired for a security system and includes a built-in BOSE sound system. Located in Lake City, the property benefits from year-round tourism and community events. This turnkey location is suited for entrepreneurs looking to establish a business in a lakefront town.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Missaukee
    State
    Michigan
    Longitude
    -85.296298
    Latitude
    44.334106

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    FAQs

    What type of property is this?
    Restaurant - Turnkey restaurant and bar near Lake Missaukee, ready for immediate use.
    Where is this restaurant located?
    The property is located at 113 Main St Lake City, MI.
    What is the asking price?
    The asking price for this property is $470,000.
    What are key features of this property?
    This property features: - Prime location steps from Lake Missaukee, an 1,800-acre all-sports lake.; - Turnkey restaurant/bar business opportunity with complete equipment inventory.; - Fully equipped 2,500 sq. ft. building with state-of-the-art commercial kitchen and full bar.
    (231) 920-7579
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    113 Main St Lake City, MI 49651
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    113 Main St Lake City, MI 49651
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