Building Details

Year built 1955

Roof type Shingle, Asphalt

Listing Agency: COLDWELL BANKER REAL ESTATE GROUP Show Phone

Listed By: MICHAEL GOTSTEIN Show Phone

Added: May 14 Changed: Aug 4 Last Checked: Aug 21 at 2:06AM

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MLS# 50207666

Copyright © 2026 Upper Peninsula Association of Realtors. 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 fully operational conventional restaurant is offered as a turnkey business opportunity, with the sale including all restaurant equipment and furnishings for a seamless transition. The dining area features durable tile flooring throughout and provides seating for approximately 55 guests. The property includes an Ansul fire suppression system and a security system, along with dedicated refrigeration space: a 10x12 walk-in cooler and a 10x12 walk-in freezer.

The building was constructed in 1955. Heating is forced air and cooling is central air. The roof is asphalt shingle, and the water source is private.

Outside, the lot totals 3.49 acres and includes a detached 24x24 garage. The restaurant is located on busy US Highway 141 with steady traffic exposure in a thriving recreational area.

Key Highlights

• Turnkey sale includes restaurant equipment and furnishings for immediate operating continuity
• Ansul fire suppression system plus security system
• Approx 55‑seat dining area with durable tile flooring throughout

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick Florist

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

Paved road access

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

Explore this area Business Placement

Demographics for 54156, WI

1,544

Population

1,770

Households

0.9

Avg Household Size

54

Median Age

17%

College-Educated

92%

High-School Grad

99.5 sq mi

ZIP Area

16

Density / Sq Mi

$49,722

Median Household Income

$32,961

Median Earnings

$782

Median Rent

$123,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Fully operational restaurant with approx 55-seat dining area and included equipment and furnishings plus Ansul fire suppression.

Where is this conventional restaurant located?

The property is located at N17480 US Highway 141 Road Pembine, WI.

What is the asking price?

The asking price for this property is $349,000.

What are key features of this property?

This property features: Turnkey sale includes restaurant equipment and furnishings for immediate operating continuity; Ansul fire suppression system plus security system; Approx 55‑seat dining area with durable tile flooring throughout