Building Details

Year built 1890

Roof type Asphalt

Listing Agency: GROVER REAL ESTATE Show Phone

Listed By: SARA ANDERSON · License #6501221905 Show Phone

Added: Apr 22 Changed: Sep 4 Last Checked: Sep 28 at 2:06AM

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MLS# 50205060

Copyright © 2026 Upper Peninsula Association of Realtors. 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.

Built in 1890, this 3,938-square-foot restaurant property includes a full bar, dining room, kitchen, public restrooms, and upstairs apartments. The building has operated as a business for more than 100 years and is equipped with tables, stools, chairs, and other operating stock, excluding liquor. A Class C Liquor license and Michigan Lottery Retailer license are in place.

The upstairs apartments offer the possibility of remodeling for on-site living or additional income. The property is heated with oil, served by a private water source, and covered by an asphalt roof. Mixed Use,Commercial zoning supports the property's current restaurant configuration and broader commercial setting.

Key Highlights

• 3,938‑square‑foot restaurant building constructed in 1890
• Full bar, dining area, kitchen, and public restrooms
• Upstairs apartments that may be remodeled for living space or additional income

Property Analytics

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Current Use

Swallow Inn Bar & Pub

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Big Box & Wholesale Store Kitchen & Bath Showroom Auto Repair Shop Home Appliance 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

67

Businesses Nearby

4k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

4,271 visits/mo 0.5 miles

Demographics for 49878, MI

3,566

Population

2,524

Households

1.4

Avg Household Size

54

Median Age

22%

College-Educated

94%

High-School Grad

455.6 sq mi

ZIP Area

8

Density / Sq Mi

$63,750

Median Household Income

$38,919

Median Earnings

$875

Median Rent

$165,200

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Established restaurant property with dining, kitchen, public restrooms, upstairs apartments, and mixed-use commercial zoning.

Where is this conventional restaurant located?

The property is located at 10468 S Main Street Rapid River, MI.

What is the asking price?

The asking price for this property is $299,900.

What are key features of this property?

This property features: 3,938‑square‑foot restaurant building constructed in 1890; Full bar, dining area, kitchen, and public restrooms; Upstairs apartments that may be remodeled for living space or additional income