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    OFF-MARKET
    Industrial properties

    3556 Higgins Lake Blvd, Roscommon, MI 48653

    1.39 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional opportunity presents the chance to acquire a well-established restaurant situated in the heart of Higgins Lake and Houghton Lake, Michigan. The property, located at 3556 E HIGGINS LAKE, Roscommon, MI, boasts a charming atmosphere and a loyal customer base cultivated over 60 years of operation. The restaurant comfortably seats 40 guests and features a compact, highly functional kitchen, ideal for efficient food preparation. Known for its delicious homemade meals and pies, this business benefits from a strong reputation within the community. Its strategic location near approximately 1,000 state park campsites and numerous cottages ensures a consistent flow of tourists and local clientele throughout the year. The sale includes all necessary equipment for immediate operation, with the exception of one table. The 1.39-acre lot provides ample space for potential expansion or outdoor seating. This turnkey operation is perfect for an experienced restaurateur or a first-time business owner seeking a well-established, profitable venture. The motivated seller is ready for retirement, making this a truly unique and compelling investment opportunity. The asking price for this thriving business is $205,000.

    Property profile
    Verified
    Property type Industrial properties
    Lot 1.39 ac (60,548 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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