Search
Mixed-Use Restaurant with Apartments

3171 Round Lake, Manitou Beach, MI 49253

For Sale
$599,000

Three two-bedroom apartments complement the restaurant, which includes a liquor license and lottery operation.

Property SizeContact for details
Days on Market255

Property Features for 3171 Round Lake

General Information

Standard status Active
Property subtype Commercial/Industrial
Zoning Commercial

Financials

Asking Price $1,100,000
Business Included Yes

Units

Unit Mix 3 x 2BR
Multifamily Units 3

Additional Details

Liquor License Yes
Tenant in Place Yes

Building Details

Year Built 1927
Listing Agency: Howard Hanna Real Estate Services-Adrian
Listed By: Lesley Dempsey
Source: Jabachler
Added: Mar 5 Changed: Nov 11 Last Checked: Nov 12 at 11:38PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna Real Estate Services-Adrian

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Built in 1927, this mixed-use property in Manitou Beach includes a 3,200-square-foot restaurant, three two-bedroom apartments, a liquor license, and a lottery operation. The property is zoned Commercial.

Located in the Round Lake area of Manitou Beach, Michigan, the offering also includes a house and a lot as part of the described real estate package.

Key Highlights

  • 3,200‑square‑foot restaurant
  • Three two‑bedroom apartments
  • Liquor license included

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Bakery Storage Facility (Bike/Boat/Book/etc) Store Auto Repair Shop Grocery & Convenience Store

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

3
Residential units
Turnkey business
Opportunity
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

39
Businesses Nearby

Demographics for 49253, MI

3,095
Population
2,196
Households
1.4
Avg Household Size
50
Median Age
36%
College-Educated
96%
High-School Grad
23.6 sq mi
ZIP Area
131
Density / Sq Mi
$79,946
Median Household Income
$48,375
Median Earnings
$1,109
Median Rent
$226,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Three two-bedroom apartments complement the restaurant, which includes a liquor license and lottery operation.
Where is this mixed-use property located?
The property is located at 3171 Round Lake Manitou Beach, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,200‑square‑foot restaurant; Three two‑bedroom apartments; Liquor license included
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Why hide this one?