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    Alger, MI
    Conventional Restaurant

    Alger, MI Conventional Restaurants for Sale

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    Remodeled Restaurant and Bar
    Updated: Jul 14
    Remodeled Restaurant and Bar

    5827 S M-76, Alger, MI 48610

    $249,900
    2,288 sqft 2.40 AC lot
    2,288 SF restaurant and bar with recent interior and equipment updates
    Kitchen includes three‑compartment sinks, deep fryer, freezer, and ice maker
    Liquor license, furniture, fixtures, and pool table included
    Pavilion, stage, and picnic tables support outdoor events and dining
    Epoxy flooring, insulation, evaporative cooling, lighting, and walk‑in cooler compressor improvements
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    Remodeled Bar and Restaurant
    Updated: Jul 16
    Remodeled Bar and Restaurant

    5827 S M 76, Alger, MI 48610

    $249,900
    2,288 sqft 2.45 AC lot
    Established Nordic Spirits & Grill bar and restaurant on 2.45 acres
    Remodeled interior with epoxy flooring, insulation, lighting, and an evaporation cooler system
    Kitchen includes 3‑bay sunk‑in sinks, deep fryer, freezer, ice maker, and more
    Includes pool table, furniture, and fixtures; jukebox and ATM operate on 50/50 profits with no lease fees
    Walk‑in cooler compressor included; includes liquor license with the sale
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Alger, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Drive-Through Restaurant Business
    Drive-Through Restaurant Business

    2008 Greenwood Road, Prescott, MI 48756

    $199,000
    912 sqft 0.52 AC lot

    Operating ice cream and fast-food business with furnishings, equipment, inventory, and on-site parking.

    View details
    Highway-Frontage Strip Mall
    Highway-Frontage Strip Mall

    317 S Main, Standish, MI 48658

    $379,000
    9,798 sqft 0.87 AC lot

    Multi-tenant commercial property with office and retail suites, paved parking, and municipal water and sewer service.

    View details
    Turnkey Bar & Restaurant with Residence
    Turnkey Bar & Restaurant with Residence

    4371 S Huron Road, Standish, MI 48658

    $499,000
    2,112 sqft 1.30 AC lot

    Remodeled bar and restaurant on busy US-23 with a 3-bedroom manufactured home on-site.

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    Bar and Pub Building with Parking
    Bar and Pub Building with Parking

    2250 E Greenwood, Prescott, MI 48739

    $52,000
    2,752 sqft 0.34 AC lot

    Frame building with a parking lot across from Skidway Lake.

    View details

    Alger, MI Conventional Restaurants Market Trends and Statistics

    Explore 2 conventional restaurants for sale in Alger, MI on our real estate platform. These investment opportunities span a total of 4,576 square feet of properties for sale, with an estimated market value of $499,800.

    Sale prices for conventional restaurants in Alger, MI average $249,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 2
    Conventional restaurants 2

    Demographics Overview

    Population 3,261
    Population Growth (5Y) +13.5%
    Median Household Income $54,665
    College Educated 20.0%

    High-Yield Neighborhoods for Investment

    Identify Alger submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48610 $249.9K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Arenac County

    New Delisted

    Total CRE Inventory on Market (SF)

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