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Restaurant with Dock and Apartments
For Sale
$750,000

3171 Round Lake Highway, Manitou Beach, MI 49253

Established restaurant includes three 2-bedroom, 1-bath apartments above and access to both Devils Lake and Round Lake.

Property SizeContact for details
Days on Market195

Property Features for 3171 Round Lake Highway

General Information

Standard status Active
Property subtype General Commercial

Additional Details

Business Included Yes
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $3,274

Amenities

3
irregular

Building Details

Year Built 1927
Listing Agency: Howard Hanna Real Estate Services-Adrian
Listed By: Lesley Dempsey · License #LCAR
Source: Xome
Added: Feb 22 Changed: Sep 1 Last Checked: Sep 5 at 5:29AM

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

Investment Insights

Based on property information with market context.

This property is an established restaurant that offers access to both Devils Lake and Round Lake. A dock-and-dine option is available on Devils Lake, supporting a dining experience tied to the water.

The building also includes three apartments above, each with two bedrooms and one bathroom. This configuration creates an on-site residential component that can support short- or long-term rental use, alongside the existing restaurant operations.

Overall, the asset combines a restaurant setting with income-generating apartment space, with lake access as a defining feature of the property.

Key Highlights

  • Established restaurant with access to both Devils Lake and Round Lake
  • Dock‑and‑dine option on Devils Lake
  • Includes (3) two‑bedroom, one‑bath apartments above the restaurant

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Storage Facility Bakery (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

Location Intelligence

Trade Area within ½ mile

12
Businesses Nearby
Well-served
Demand for This Use

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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Established restaurant includes three 2-bedroom, 1-bath apartments above and access to both Devils Lake and Round Lake.
Where is this conventional restaurant located?
The property is located at 3171 Round Lake Highway Manitou Beach, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Established restaurant with access to both Devils Lake and Round Lake; Dock‑and‑dine option on Devils Lake; Includes (3) two‑bedroom, one‑bath apartments above the restaurant
More about this property
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