Property profile

3556 Higgins Lake Blvd Roscommon, MI 48653

OFF-MARKET
Industrial properties
1.39 ac lot
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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

Location

3556 Higgins Lake Blvd Roscommon, MI 48653
Roscommon metro
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Value estimations

Realmo proprietary · 4 methods
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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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