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Waterfront Restaurant and Bar
For Sale
$499,900

113 S Main Street, Lake City, MI 49651

Commercial, Lake City, MI

Property Size2,461 SF
Lot Size0.30 Acres
Price / SF$203.13
Days on Market51

Property Features for 113 S Main Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bathroom 1
Parking features Parking Lot
Exterior features Block
Directions East side of Main Street in Downtown Lake City, across from the City Park.
Subdivision Missaukee
Standard status Active
Size 2,461 SF
Lot size 0.30 Acres

Taxes and HOA fees

Tax Description N 1/2 OF LOT 4 & W 5 FT OF N 1/2 OF LOT 13 BLK 5. ORIG PLAT CITY OF LAKE CITY. LOT 3 EXC N 1 FT OF W 80 FT THOF. BLK 5. ORIG PLAT CITY OF LAKE CITY. LOT 14. BLK 5. ORIG PLAT CITY OF LAKE CITY.
Legal Description N 1/2 OF LOT 4 & W 5 FT OF N 1/2 OF LOT 13 BLK 5. ORIG PLAT CITY OF LAKE CITY. LOT 3 EXC N 1 FT OF W 80 FT THOF. BLK 5. ORIG PLAT CITY OF LAKE CITY. LOT 14. BLK 5. ORIG PLAT CITY OF LAKE CITY.

Building Details

Building materials Frame
Roof type Metal
Listing Agency: REMAX Bayshore - Union St TC · RE/MAX International
Listed By: Chase Ingersoll
Added: Jul 27 Changed: Sep 14 Last Checked: Sep 15 at 5:06PM
MLS# 1948689

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 2,461-square-foot restaurant and bar property includes the existing dining area, bar, fixtures, furnishings, bathrooms, and equipment. A metal roof, frame construction, block exterior features, and on-site parking lot are also part of the improvements. The property is arranged for continued restaurant operations or a new concept, with indoor and outdoor areas supporting seasonal and year-round use.

The property occupies three city lots at 113 S Main Street in Lake City, Michigan. It is located near shopping, parks, local events, and public access to Lake Missaukee, an 1,880-acre all-sports lake. The outdoor patio and bar provide space for dining and entertaining with views toward the lake.

Key Highlights

  • 2,461‑square‑foot restaurant and bar property
  • Sale includes fixtures, furnishings, and restaurant equipment
  • Outdoor patio and bar for seasonal dining and entertaining

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Storage Facility Pharmacy Garden Center

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

188
Businesses Nearby
Well-served
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
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Restaurant - Equipped dining and bar facility with an outdoor patio, parking lot, and downtown positioning near public lake access.
Where is this restaurant located?
The property is located at 113 S Main Street Lake City, MI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,461‑square‑foot restaurant and bar property; Sale includes fixtures, furnishings, and restaurant equipment; Outdoor patio and bar for seasonal dining and entertaining
More about this property
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