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    Carp Lake, MI
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    Carp Lake, MI Restaurants for Sale

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    Levering, MI Mackinaw City, MI Cheboygan, MI
    Waterfront Restaurant & Ice Cream Parlor
    Updated: Feb 12, 2025
    Waterfront Restaurant & Ice Cream Parlor

    6492 Paradise Trail, Carp Lake, MI 49718

    $599,000
    5,193 sqft
    Prime waterfront location with breathtaking views in Carp Lake, MI
    Well‑established and thriving restaurant with a strong, loyal customer base
    Includes a charming ice cream parlor, adding to its appeal
    Turn‑key business with a fully staffed team in place for a smooth transition
    Owner financing is available to the right buyer
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    6492 Paradise Trail, Carp Lake, MI 49718

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    • Est. Cap Rate

      7.3%
      Above avg (5.9%)

    • Est. NOI

      $44K
      Annual

    • Price @ 7% Cap

      $628K
      Above asking

    • Last Sold

      Mar 2018
      $60K
    View Property Analytics
    Waterfront Restaurant & Ice Cream Parlor
    Updated: Mar 11
    Waterfront Restaurant & Ice Cream Parlor

    6492 Paradise Trail, Carp Lake, MI 49718

    $599,000
    5,193 sqft
    Prime waterfront location with breathtaking views.
    Well‑established restaurant with a strong, loyal customer base.
    Owner financing available.
    Turn‑key business with a fully staffed team.
    Charming ice cream parlor adds appeal.
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Carp 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 Restaurant with Liquor License
    Turn-Key Restaurant with Liquor License

    7515 S US 31 Highway, Alanson, MI 49706

    $699,000
    5,317 sqft

    Fully equipped restaurant with bar, dining space, upstairs living quarters, and an included resort liquor license for operation.

    View details
    Turn-Key Restaurant with Living Quarters
    Turn-Key Restaurant with Living Quarters

    7515 S U.S. 31 Highway, Alanson, MI 49706

    $699,000
    5,317 sqft

    Fully equipped restaurant with living space and expansion potential.

    View details
    Established Breakfast and Lunch Restaurant
    Established Breakfast and Lunch Restaurant

    3890 Charlevoix Avenue, Petoskey, MI 49770

    $120,000
    2,150 sqft

    Sale of a 2,150 SF restaurant offering breakfast and lunch; tavern license available with state application.

    View details
    Commercial Building in Petoskey, MI
    Commercial Building in Petoskey, MI

    403 Madison St, Petoskey, MI

    $449,900
    3,800 sqft · 0.35 AC lot

    Commercial building with dining hall, kitchen, and parking.

    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 in High Traffic Area
    Commercial Land in High Traffic Area

    10351 N Straits Highway, Cheboygan, MI 49721

    $147,500
    1.50 AC lot

    Commercial land in a high-traffic area with utilities available.

    View details
    Commercial Frontage Land with Airport Access
    Commercial Frontage Land with Airport Access

    1518 & 1520 Bridge Street, Charlevoix, MI 49720

    $795,000
    2,900 sqft · 1.50 AC lot

    Land with airport-area frontage on three roads, currently leased, with drive-through potential on combined parcels.

    View details
    Vacant Commercial Buildable Parcel
    Vacant Commercial Buildable Parcel

    11758 - 2 US 31 Highway lot: Parcel E, Charlevoix, MI

    $175,000
    1.93 AC lot

    Build-ready commercial land on US 31 with shared curb cut and utility availability for planned development.

    View details
    Elmira Land Parcel on Woodward
    Elmira Land Parcel on Woodward

    V/L 1.6AC Woodward Avenue, Elmira, MI 49730

    $63,900
    1.60 AC lot

    1.6-acre parcel with meadow and woods near M-32 Highway.

    View details

    Carp Lake, MI Restaurants Market Trends and Statistics

    Explore 2 restaurants for sale in Carp Lake, MI on our real estate platform. These investment opportunities span a total of 10,386 square feet of properties for sale, with an estimated market value of $1,198,000.

    Sale prices for restaurant properties in Carp Lake, MI start at $599,000, averaging $599,000, and reaching up to $599,000 — 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

    Conventional restaurants 2

    Demographics Overview

    Population 622
    Population Growth (5Y) -9.3%
    Median Household Income $44,712
    College Educated 33.7%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49718 $599K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Emmet County

    New Delisted

    Total CRE Inventory on Market (SF)

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