Restaurants

Bear Lake, MI Restaurants for Sale

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Arcadia, MI Onekama, MI Manistee, MI Kaleva, MI Frankfort, MI Benzonia, MI Brethren, MI Eastlake, MI
Turnkey Restaurant with Outdoor Patio
Updated: Jan 20
Turnkey Restaurant with Outdoor Patio

9567 Chippewa Highway, Bear Lake, MI 49614

$439,900
3,800 sqft 2.37 AC lot
Established bar/restaurant business operating since the 1950s with a strong reputation and loyal customer base.
Includes valuable Class C liquor license with Dance, Sunday Sales (and early sun), and Outdoor privileges.
Turn‑key operation with a seating capacity of 130 plus a large patio with fire pit and seating, ready for immediate operation.
Features a 1991 3‑bedroom, 2‑bath manufactured home on the property, recently remodeled with a metal roof and deck.
High visibility location on a major highway (US‑31) with significant traffic count, close to popular destinations.
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Turn-Key Bar & Restaurant With Patio
Updated: Jan 20
Turn-Key Bar & Restaurant With Patio

9567 Chippewa Highway, Bear Lake, MI 49614

$439,900
Bar/restaurant business on US‑31 with high visibility and traffic count
Sale includes a Class C liquor license with dance, Sunday sales (and early Sunday), and outdoor use
Seating capacity for 130 plus large patio with fire pit and seating
Includes all fixtures and equipment, including 2 pool tables, 2 kitchens, and 2 storage rooms
On‑site 1991 3‑bedroom, 2‑bath manufactured home with metal roof (installed a couple years ago), deck, and fully remodeled interior
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Bear Lake, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Turn-Key Bar and Restaurant
Turn-Key Bar and Restaurant

9289 Walta Street, Kaleva, MI 49645

$599,000
5,159 sqft 1.15 AC lot

Turn-key bar and restaurant with a full Class C liquor license and complete kitchen and bar equipment included.

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Waterfront Motel and Marina
Waterfront Motel and Marina

215 & 217 Arthur St Unit SourceFi, Manistee, MI 49660

$985,000
9,000 sqft

Motel and marina with long-term rental units, a restaurant, and lake frontage with eight boat slips.

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Turn-Key Restaurant and Bar
Turn-Key Restaurant and Bar

9289 Walta St, Kaleva, MI 49645

$599,000

Turn-key restaurant and bar offering a full Class C liquor license and complete kitchen and seating for immediate operation.

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Waterfront Motel and Marina
Waterfront Motel and Marina

215 & 217 Arthur St, Manistee, MI 49660

$985,000

Waterfront motel and marina with about 130 feet of frontage and 8 boat slips, plus an on-site restaurant building.

View details

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Land Parcel
Commercial Land Parcel

E Parkdale Avenue, Manistee, MI 49660

$89,000
1.05 AC lot

C-1-zoned land with public sewer and cable availability near West Shore Hospital.

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Manistee Land For Sale
Manistee Land For Sale

1130 E Parkdale Avenue, Manistee, MI 49660

$170,000
4.37 AC lot

4.37 acre commercial land with high traffic and development potential.

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Development Land Near West Shore
Development Land Near West Shore

1130 E Parkdale Avenue, Manistee, MI 49660

$170,000

Commercial land with high traffic and development potential.

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Level Commercial Land
Level Commercial Land

Manistee Highway, Manistee, MI 49660

$94,900
0.60 AC lot

Highway parcel with broadband and cable availability near established retail, lodging, and public-service uses.

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Bear Lake, MI Restaurants Market Trends and Statistics

Explore 2 restaurants for sale in Bear Lake, MI on our real estate platform. These investment opportunities span a total of 3,800 square feet of properties for sale, with an estimated market value of $879,800.

Sale prices for restaurant properties in Bear Lake, MI average $439,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Bars & Pubs 2
Conventional restaurants 2
Commercial kitchens 1

Demographics Overview

Population 2,903
Population Growth (5Y) +2.8%
Median Household Income $71,389
College Educated 39.9%

High-Yield Neighborhoods for Investment

Identify Bear Lake submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
49614 $439.9K

Taxes & Financing

Tax Rate (average for all types) 3.53%
Tax Rate vs County Average 0.28 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Manistee County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Manistee County

Retail

Residential Income

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