Property profile

10235 Front St Empire, MI 49630

OFF-MARKET
Land
8,247 SF
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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

Location

10235 Front St Empire, MI 49630
Empire 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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