Property profile

9027 Long Lake Ave Alpena, MI 49707

OFF-MARKET
Industrial properties
5,500 SF 1.2 ac lot Built 1919
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Industrial properties
Year built 1919
Total area 5,500 SF
Lot 1.2 ac (52,272 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9027 Long Lake Ave Alpena, MI 49707
Alpena metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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