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Pizza Restaurant With Commercial Equipment
For Sale
$119,900

81 N Morey Road, Lake City, MI 49651

Commercial Sale, Lake City, MI

Property Size510 SF
Lot Size0.01 Acres
Price / SF$235.10
Days on Market212

Property Features for 81 N Morey Road

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1
Elementary school district Lake City
Middle school district Lake City
High school district Lake City
Standard status Active
APN 007-310-010-00
Size 510 SF
Lot size 0.01 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description LOT 10 LAKEVIEW PARK ADD.
Tax Annual Amount 836
Legal Description LOT 10 LAKEVIEW PARK ADD.

Utilities

Utilities Cable Available
Heating system Space Heater

Building Details

Year built 1950
Floors in Building 1
Number of units 1
Listing Agency: Coldwell Banker Schmidt Cadillac
Listed By: Amy S Wagner · License #6501292551
Added: Feb 13 Changed: Sep 7 Last Checked: Sep 13 at 4:06PM
MLS# 26005359

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 510-square-foot conventional restaurant dates to 1950 and includes a bathroom, space heating, and cable availability. The sale includes the operating pizza business along with commercial food-service equipment, including a two-door natural gas pizza oven, pizza preparation table, three-shelf convection oven, commercial mixer, two upright freezers, pop cooler, and a 10-by-10-foot walk-in cooler.

The property is located at 81 N Morey Road in Lake City, just north of the M-55 and M-66 intersection. The business began as a bakery in 1976 and has operated under local ownership for more than 20 years. The existing pizza operation may continue, or the building and equipment can support a different food-service concept.

Key Highlights

  • 510‑square‑foot restaurant building constructed in 1950
  • Sale includes the operating pizza business and food‑service equipment
  • Two‑door natural gas pizza oven and 10‑by‑10‑foot walk‑in cooler included

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Pharmacy Garden Center Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

171
Businesses Nearby
Balanced
Demand for This Use

Demographics for 49651, MI

7,881
Population
4,968
Households
1.6
Avg Household Size
46
Median Age
19%
College-Educated
92%
High-School Grad
235.5 sq mi
ZIP Area
33
Density / Sq Mi
$61,524
Median Household Income
$35,896
Median Earnings
$879
Median Rent
$165,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Compact restaurant property with an established pizza operation and a substantial package of food-service equipment.
Where is this conventional restaurant located?
The property is located at 81 N Morey Road Lake City, MI.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: 510‑square‑foot restaurant building constructed in 1950; Sale includes the operating pizza business and food‑service equipment; Two‑door natural gas pizza oven and 10‑by‑10‑foot walk‑in cooler included
More about this property
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