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Breakfast Diner with Real Estate
For Sale
$325,000

115 E State Street, Fife Lake, MI 49633

Commercial, Fife Lake, MI

Property Size1,136 SF
Lot Size0.14 Acres
Price / SF$286.09
Days on Market141

Property Features for 115 E State Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Agricultural, Commercial
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1
Parking features Assigned
Exterior features Vinyl, Brick
Directions Drive to downtown Fife Lake and the Loon's Nest will be on the LEFT side of the street. Free parallel parking OR there is 2 parking spaces behind the restaurant.
Subdivision Grand Traverse
Standard status Active
Size 1,136 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Description 115 E STATE ST THE NWLY 32' OF THAT PART OF LOTS 1 & 2 BLK 11 LYING SELY OF A LINE COM AT SE COR BLK 11 TH NWLY ALG S LINE BLK 11 86.5' TH NELY AT R ANGLE TO N LINE BLK 11 VILL OF NO FIFE LAKE
Legal Description 115 E STATE ST THE NWLY 32' OF THAT PART OF LOTS 1 & 2 BLK 11 LYING SELY OF A LINE COM AT SE COR BLK 11 TH NWLY ALG S LINE BLK 11 86.5' TH NELY AT R ANGLE TO N LINE BLK 11 VILL OF NO FIFE LAKE

Utilities

Water source Private

Building Details

Building materials Timber Frame, Frame
Roof type Asphalt
Listing Agency: MI Properties North Real Estate Group
Listed By: Stacy Allman · License #6501378259
Added: May 8 Changed: Sep 7 Last Checked: Sep 25 at 8:06AM
MLS# 1944841

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 breakfast diner offering includes the real estate, buildings, operating equipment, inventory, and vintage décor. The restaurant contains 1,136 square feet on a 0.14-acre parcel in Fife Lake, with a combination of vinyl and brick exterior finishes and timber-frame and frame construction. An asphalt roof, private water source, assigned parking, and a bathroom are included among the property features.

Located at 115 E State Street in Fife Lake, Michigan, the property presents an existing restaurant configuration in a village setting. The included physical assets provide a defined starting point for continued breakfast service and related food-service operations, subject to applicable approvals and operating requirements.

Key Highlights

  • 1,136‑square‑foot breakfast diner on a 0.14‑acre parcel
  • Sale includes real estate, buildings, equipment, inventory, and vintage décor
  • Located at 115 E State Street, Fife Lake, MI 49633

Property Analytics

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Current Use

Loon's Nest Restaurant

Suggested Use

Top Pick Parking Lot & Garage Auto Repair Shop Electrical Service Auto Parts Store (Bike/Boat/Book/etc) Store Storage Facility

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

79
Businesses Nearby
Well-served
Demand for This Use

Demographics for 49633, MI

4,026
Population
2,724
Households
1.5
Avg Household Size
45
Median Age
22%
College-Educated
92%
High-School Grad
168.1 sq mi
ZIP Area
24
Density / Sq Mi
$69,567
Median Household Income
$42,171
Median Earnings
$1,110
Median Rent
$174,000
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
Rey
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Frequently Asked Questions

What type of property is this?
Breakfast & diner - Established breakfast restaurant offered with equipment, inventory, and vintage interior décor.
Where is this breakfast & diner located?
The property is located at 115 E State Street Fife Lake, MI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,136‑square‑foot breakfast diner on a 0.14‑acre parcel; Sale includes real estate, buildings, equipment, inventory, and vintage décor; Located at 115 E State Street, Fife Lake, MI 49633
More about this property
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