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    137 N Front St Lake City, MI 49651

    For Sale
    $289,900

    Restaurant/Food Service - Lake City, MI

    Property size:
    1,400 SF
    Lot size:
    0.25 Acres
    Days on Market:
    123
    Last Refresh:
    Dec 10 at 9:06 pm

    Property Features for 137 N Front St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement, Bathroom 1
    Bathrooms
    1
    Parking
    10
    Basement Y/N
    1
    Size
    1,400 SF
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1980
    Roof type
    Asphalt
    Architectural style
    Other

    City2Shore Real Estate Northern Michigan (231) 839-0077 [email protected]

    Listing agent Michelle Geiger (231) 839-0077

    Listing date Aug 10, 2025

    MLS# 1931466 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

    Established Restaurant Business For Sale

    This is an opportunity to own and operate a successful restaurant business that has been operating for almost 20 years under the current owner. The business is currently open and in operation. The owner is selling due to retirement. Current hours of operation are Wednesday through Sunday from 11 AM to 8 PM. In 2021, the restaurant was open six days per week. The company currently employs five people, including cooks, prep cooks, and wait staff. The sale includes all real estate, a shed, the business itself, the phone number, all equipment, and inventory. The business is well-maintained with updated equipment and a ventilation system. A new roof was installed in 2022. The property is zoned commercial and has a lot size of 0.25 acres. The building has a living area of 1400 square feet and is located in Lake City, Michigan.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Map

    City
    Lake City
    County
    Missaukee
    State
    Michigan
    Longitude
    -85.216138
    Latitude
    44.341083

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    FAQs

    What type of property is this?
    Restaurant - Successful restaurant business opportunity in Lake City, Michigan.
    Where is this restaurant located?
    The property is located at 137 N Front St Lake City, MI.
    What is the asking price?
    The asking price for this property is $289,900.
    What are key features of this property?
    This property features: - Established, Profitable Restaurant Business: Operating successfully for almost 20 years under current ownership.; - Sale Includes Everything: Real estate, business, phone number, all equipment, inventory, and shed are included in the sale.; - Updated and Well-Maintained: Features updated equipment, ventilation system, and a new roof installed in 2022.
    (231) 839-0077
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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

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    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
    137 N Front St Lake City, MI 49651
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