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    137 N Front St Lake City, MI 49651

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    For Sale
    $289,900

    Operating restaurant with real estate, equipment, and inventory included.

    Lot size:
    0.25 Acres

    Property Features for 137 N Front St

    General Information

    Lot size
    0.25 Acres

    Building Details

    Year built
    1980

    Source: City2Shore Real Estate Northern Michigan Agent Michelle Geiger

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Restaurant Business For Sale

    An established restaurant business is available for sale, having been in operation for almost 20 years under the current owner. The business is currently open and operating with hours from Wednesday to Sunday, 11 AM to 8 PM. The sale includes the real estate, a shed, the business itself, the phone number, all equipment, and the existing inventory. The business employs five people, including cooks, prep cooks, and wait staff. The property is well-maintained and features updated equipment, a ventilation system, and a new roof installed in 2022. The restaurant is located at 137 N Front St, Lake City, MI 49651.
    Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Map

    City
    Lake City
    County
    Missaukee
    State
    Michigan
    Longitude
    -85.1024
    Latitude
    44.403

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    FAQs

    What type of property is this?
    Restaurant - Operating restaurant with real estate, equipment, and inventory included.
    Where is this restaurant located?
    The property is located at 137 N Front St Lake City, MI.
    What is the asking price?
    The asking price for this property is $289,900.
    What are key features of this property?
    This property features: - Established restaurant business operating successfully for almost 20 years.; - Sale includes all real estate, business, phone number, equipment, and inventory.; - Well-maintained with updated equipment and a new roof installed in 2022.
    (231) 429-6588
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    137 N Front St Lake City, MI 49651
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    Lake City, MI 49651
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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
    137 N Front St Lake City, MI 49651
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