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    6492 Paradise Trl Carp Lake, MI 49718

    Sponsored
    For Sale
    $675,000

    Turnkey Restaurant, Prime Location, Michigan

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    330
    This exceptional hospitality business opportunity in Carp Lake, Michigan, is offered at $675,000. The 5,000 square-foot building boasts a fully equipped, state-of-the-art commercial kitchen with ample prep space, ensuring efficient operations. The inviting interior offers comfortable seating for both large parties and intimate gatherings. A significant advantage is the expansive outdoor patio, ideal for summer dining and providing scenic views of Paradise Lake. Ample parking is available for patrons. This established restaurant enjoys a strong reputation within the community, presenting a turnkey operation ready for immediate success. The property is located at 6492 Paradise Trail, Carp Lake, MI 49718, offering a prime location for continued success or a fresh culinary venture. The sale includes all existing equipment and fixtures, making this a seamless transition for new ownership. This is a rare opportunity to acquire a well-established and profitable restaurant in a desirable location. The property is zoned for commercial use and is ready for immediate occupancy. Serious inquiries only.

    Property Features for 6492 Paradise Trl

    General Information

    Property type
    Land

    HighLights

    • $675,000 asking price.
    • Hospitality property with land in Carp Lake, MI.
    • 5,000 square foot building, fully equipped commercial kitchen.
    • Ample seating for large and small groups, plus a large outdoor patio with lake views.
    • Generous parking available.
    • Established business with a strong reputation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Harbor Lights Grille Restaurant

    Suggested Use

    Restaurant Storage Facility Hotel & Motel Bar & Pub Convenience Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Carp Lake
    County
    Emmet
    State
    Michigan
    Longitude
    -84.7789646
    Latitude
    45.694488

    Nearby Comparable

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    FAQs

    What type of property is this?
    Land - Turnkey Restaurant, Prime Location, Michigan
    Where is this land located?
    The property is located at 6492 Paradise Trl Carp Lake, MI.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: $675,000 asking price.; Hospitality property with land in Carp Lake, MI.; 5,000 square foot building, fully equipped commercial kitchen.
    Request Owner's contact information
    6492 Paradise Trl Carp Lake, MI 49718
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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
    6492 Paradise Trl Carp Lake, MI 49718
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