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    OFF-MARKET
    Land

    10235 Front St, Empire, MI 49630

    8,247 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity encompasses two thriving, full-service restaurants in the charming beach town of Empire, Michigan. Located on the southeast corner of Front and Lake Streets, this property includes the well-established Joe's Friendly Tavern and the Empire Village Inn. Both restaurants boast a rich history and loyal clientele, comprised of both local residents and seasonal visitors to this beautiful area within the Sleeping Bear Dunes National Lakeshore. The Friendly Tavern offers 100 indoor seats and a recently added 90-seat patio, while the Village Inn features 90 indoor seats with additional outdoor seating. The sale includes all business assets, Class C & SDM liquor licenses, and the real estate itself. The combined properties total 8,247 square feet and are situated in a high-traffic area that sees over a million visitors annually. This presents a unique chance to acquire a profitable, turnkey operation with significant growth potential in a highly desirable location. The asking price for this exceptional package is $2,995,000. The property is located at 10235 W Front Street, Empire, MI 49630. This is a rare opportunity to own and operate two successful restaurants in a prime location within Leelanau County. The strong, consistent revenue and cash flow generated by these established businesses, combined with the high volume of tourism, make this a compelling investment. The existing infrastructure and loyal customer base provide a solid foundation for continued success and potential expansion.

    Property profile
    Verified
    Property type Land
    Total area 8,247 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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