Turnkey Restaurant with
For Sale
$289,900
137 N Front Street, Lake City, MI 49651
COMMERCIAL - Lake City, MI
Property Size1,400 SF
Lot Size0.25 Acres
Price / SF$207.07
Days on Market526
Property Features for 137 N Front Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
10
Parking features
Parking Lot
Exterior features
Vinyl
Lot features
Corner Lot
Directions
From North- take M66 South to Lake City Business on Right hand side of road From South- Take M55 to M66 North into Lake City, through town to business on left side of road
Subdivision
Missaukee
Standard status
Active
Size
1,400 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
LOT 6 & N 1/2 OF LOT 5 BLK 6 PLAT OF NORTH LAKE CITY
Tax Annual Amount
2889
Legal Description
LOT 6 & N 1/2 OF LOT 5 BLK 6 PLAT OF NORTH LAKE CITY
Utilities
Water source
Private
Building Details
Building materials
Frame
Roof type
Asphalt
Listing Agency:
City2Shore Real Estate Northern Michigan
(231) 839-0077
Listed By:
Michelle Geiger
(231) 839-0077
Added: Mar 14, 2025
Changed: Aug 4
Last Checked: Aug 21 at 2:06AM
MLS# 1931466
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 offering is a turnkey restaurant business with associated real estate, including a shed, the business, and the phone number. The operation is currently open and operating, with the seller indicating the hours are Wednesday through Sunday, 11:00 a.m. to 8:00 p.m. The business employs five people across cooks, prep cooks, and wait staff. The sale package includes all equipment and inventory, and the operation is described as well maintained.
The property is located at 137 N Front Street in Lake City, Michigan (Missaukee County). The seller notes the restaurant has been operating for nearly 20 years under the current owner, with a recent change in operating frequency since 2021.
For an owner-operator or buyer looking to step into an operating restaurant, the inclusion of real estate, equipment, and inventory can reduce the time needed to launch. The seller also cites updates such as a ventilation system and a new roof installed in 2022, supporting a property and operating environment that is intended to be move-in ready.
The property is located at 137 N Front Street in Lake City, Michigan (Missaukee County). The seller notes the restaurant has been operating for nearly 20 years under the current owner, with a recent change in operating frequency since 2021.
For an owner-operator or buyer looking to step into an operating restaurant, the inclusion of real estate, equipment, and inventory can reduce the time needed to launch. The seller also cites updates such as a ventilation system and a new roof installed in 2022, supporting a property and operating environment that is intended to be move-in ready.
Key Highlights
- Restaurant business in operation under current owner for almost 20 years
- Current hours of operation: Wed–Sun 11:00–8:00 (was open 6 days per week in 2021)
- Company employs 5 people (cooks, prep cooks, and wait staff)
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant sale includes real estate, equipment, and inventory for a ready-to-operate concept.
Where is this conventional restaurant located?
The property is located at 137 N Front Street 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: Restaurant business in operation under current owner for almost 20 years; Current hours of operation: Wed–Sun 11:00–8:00 (was open 6 days per week in 2021); Company employs 5 people (cooks, prep cooks, and wait staff)
