9027 Long Lake Ave Alpena, MI 49707
This exceptional opportunity presents a thriving, established restaurant located on the shores of Long Lake in Alpena, Michigan. The property encompasses a substantial 5,500 square feet of building space situated on a 1.2-acre lot, providing ample room for both indoor and outdoor dining experiences. The restaurant boasts 11 years of successful operation, building a loyal customer base drawn to its delightful cuisine and relaxing atmosphere. The sale includes a valuable liquor license, a significant asset for continued profitability. The interior features well-appointed indoor dining areas, designed to create a comfortable and inviting ambiance for patrons. Complementing the indoor space is an attractive outdoor patio, perfectly positioned to take advantage of the stunning lake views. A fully equipped commercial kitchen is included, ready for immediate operation. The property also offers convenient and plentiful parking for guests. This turnkey operation is an ideal investment for an experienced restaurateur or someone looking to enter the hospitality industry in a picturesque setting. The combination of a proven business model, a desirable location, and the included liquor license makes this a truly unique and compelling opportunity. The serene lakefront setting provides a tranquil and memorable dining experience, attracting both local residents and tourists alike. This is a rare chance to acquire a well-established and profitable business in a highly desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.