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Bar and Restaurant with Residence
New
For Sale
$489,000

9567 Chippewa Hwy, Bear Lake, MI 49614

The operating business includes a Class C liquor license and a remodeled three-bedroom manufactured home on the property.

Property Size3,800 SF
Price / SF$128.68
Days on Market5

Property Features for 9567 Chippewa Hwy

General Information

Standard status Active
Size 3,800 SF

Restaurant

Seating Capacity 130
Patio Yes
Equipment Included Yes
Liquor License Yes

Additional Details

Business Included Yes
Highway Access Yes

Building Details

Year Built 1952
Listing Agency: Coldwell Banker ALM REALTY
Listed By: Brenda Cronan
Source: Katie-k
Added: Oct 7 Changed: Oct 9 Last Checked: Oct 7 at 2:47PM

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 Coldwell Banker ALM REALTY

Investment Insights

Based on property information with market context.

This bar and restaurant business has operated since the 1950s and includes seating for 130, a large patio with a fire pit, two kitchens, and two storage rooms. The sale includes fixtures, equipment, two pool tables, and a Class C liquor license with dance, Sunday sales, early Sunday sales, and outdoor privileges. The business also includes a pizza operation.

A 1991 manufactured home on the property has three bedrooms, two bathrooms, a deck, a metal roof, and a complete remodel. The restaurant property is on US-31, near Bear Lake, Onekama, Manistee, and the casino.

Updates made during the past 18 years include electrical service with two 200-amp panels, a newer roof, a walk-in cooler and freezer, and a furnace.

Key Highlights

  • Operating bar and restaurant business dates to the 1950s
  • Seating for 130 and a patio with fire pit
  • Class C liquor license includes dance, Sunday sales, early Sunday sales, and outdoor privileges

Property Analytics

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Current Use

Rosie's Place Restaurant

Suggested Use

Top Pick Plumbing Service Auto Repair Shop Building Supply Furniture & Home Goods Garden Center Home Appliance 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

Turnkey business
Opportunity
Yes
Highway access
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

8
Businesses Nearby
Well-served
Demand for This Use

Demographics for 49614, MI

2,985
Population
1,967
Households
1.5
Avg Household Size
51
Median Age
29%
College-Educated
96%
High-School Grad
91.4 sq mi
ZIP Area
33
Density / Sq Mi
$71,389
Median Household Income
$36,739
Median Earnings
$963
Median Rent
$203,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Rosie's Place — 9567 Chippewa Hwy, Bear Lake, MI 49614

Frequently Asked Questions

What type of property is this?
Bar & Pub - The operating business includes a Class C liquor license and a remodeled three-bedroom manufactured home on the property.
Where is this bar & pub located?
The property is located at 9567 Chippewa Hwy Bear Lake, MI.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Operating bar and restaurant business dates to the 1950s; Seating for 130 and a patio with fire pit; Class C liquor license includes dance, Sunday sales, early Sunday sales, and outdoor privileges
More about this property
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