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    115 East State Street Fife Lake, MI 49633

    For Sale
    $350,000

    Established Restaurant, Great Potential, Prime Location

    Property size:
    1,136 SF

    Description

    Added:
    Jan 8, 2025
    Days on Market:
    340
    This thriving restaurant, located at 115 East State Street in the historic village of Fife Lake, Michigan (49633), presents a unique business opportunity. The 1,136 square foot building has served the community for decades, building a loyal customer base with its popular breakfast menu and baked goods. The friendly atmosphere and reputation for quality food have established it as a local favorite. This turnkey operation includes all equipment, inventory, and much of the vintage décor, allowing for immediate operation. Current income is substantial, but significant growth potential exists by expanding hours to include lunch and dinner service. Two existing pizza ovens offer an immediate avenue for menu expansion and increased revenue. The sale includes the real estate, building, equipment, inventory, and most of the vintage décor. This is an exceptional opportunity to acquire a well-established business in a desirable Northern Michigan location. The business is ready for a new owner to take the reins and build upon its existing success. This is a rare chance to own a piece of Fife Lake's history and culinary scene.

    Property Features for 115 East State Street

    General Information

    Property type
    Restaurants
    Square Feet
    1,136 SF
    Price / Square Foot
    $308
    Elevators
    N/A

    HighLights

    • Established Fife Lake restaurant with decades‑long community presence.
    • Turn‑key operation includes building, equipment, inventory, and decor.
    • Significant revenue growth potential by adding lunch and dinner service.
    Insight Report Location Intelligence

    Current Use by Public Records

    Loon's Nest Restaurant

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Hair Salon Clothing Store Auto Parts Store Hotel & Motel Food Market Storage Facility Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fife Lake
    State
    Michigan
    Longitude
    -85.34922
    Latitude
    44.576742

    Nearby Comparable

    • $140,000

      Fife Lake Development Land

      Development land with high traffic count on US-131.
      Vacantland Us-131, Fife Lake, MI
      View Details
    • $250,000
      1.67 Acres

      Fife Lake Commercial Development Parcel

      1.67 acre commercial land with highway frontage in Fife Lake.
      7499 Us-131, Fife Lake, MI 49633
      View Details
    • $250,000
      1.67 Acres

      Commercial Land with Highway Frontage

      1.67 acre commercial parcel with highway frontage in Fife Lake.
      7499 Us-131, Fife Lake, MI 49633
      View Details

    Nearby Similar for Sale

    • $849,000
      6,500 SF

      Historic Restaurant with Living Quarters

      Restored restaurant with dining, bar, patio, house, and apartment.
      12397 M-66, Fife Lake, MI 49633
      View Details

    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, Great Potential, Prime Location
    Where is this restaurant located?
    The property is located at 115 East State Street Fife Lake, MI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Established Fife Lake restaurant with decades-long community presence.; Turn-key operation includes building, equipment, inventory, and decor.; Significant revenue growth potential by adding lunch and dinner service.
    (231) 342-8456
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    115 East State Street Fife Lake, MI 49633
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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
    115 East State Street Fife Lake, MI 49633
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