115 E State St Fife Lake, MI 49633
For Sale
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This exceptional turnkey restaurant opportunity in the charming historic village of Fife Lake, Michigan presents a unique chance to acquire a well-established business with significant upside. Located at 115 E State St, Fife Lake, MI 49633, this 1,136 square foot property is offered at $350,000 ($308.10/sq ft). The restaurant has served the community for decades, building a loyal customer base known for its delicious breakfast menu and baked goods, creating a friendly atmosphere for both locals and tourists. The sale includes the real estate, building, equipment, inventory, and much of the vintage décor. Currently operating as a breakfast-only establishment, there's substantial potential for revenue growth by expanding to lunch and dinner service, leveraging the existing two pizza ovens. This is a private owner sale, offering a seamless transition for the new owner. The property is situated in Grand Traverse County and enjoys a prime location within the village. This is a rare opportunity to own a thriving business with a strong foundation and significant room for expansion in a desirable Michigan community.
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Loon's Nest Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
