Central Lake, MI Restaurants for sale

Updated: Jun 28

Boutique Hotel and Event Space

2287 S Main Street, Central Lake, MI 49622

$850,000

3,200 sqft 1.00 AC lot

5‑suite boutique hotel and event space in Central Lake, with private baths for each suite
Main level includes sitting room, piano room, large dining area, plus shared kitchen and on‑premise laundry
Lower level speakeasy/barrel room for guest hosting and/or special event rentals
Owners suite with bath located just off the garage, fully remodeled
Whimsical grounds feature Knowles Creek, deck, fire pit, and various lounging areas

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This listing looks promising.

Here's a quick look at some key insights for

2287 S Main Street, Central Lake, MI 49622

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Est. Cap Rate

4.2%
NOI ÷ price
Est. NOI

$36K
Annual
Price @ 7% Cap

$508K
Suggested

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Updated: Jun 29

Boutique Hotel with Event Space

2287 S Main Street, Central Lake, MI 49622

Contact for pricing

3,200 sqft

Boutique hotel and event space built in 1895, currently income producing
5 suites with private baths, plus a sitting room and a large dining area
Lower level features a remodeled speakeasy/barrel room that can host guests or be rented for special events
Owners suite with bath located just off the garage, remodeled
On‑site shared kitchen and laundry

View details

Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Central 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.

Remodeled Handicap-Accessible Storefront

103 S Division Street, Bellaire, MI 49615

$245,000

1,400 sqft 0.23 AC lot

Remodeled storefront with handicap accessibility, two bathrooms, tile floors, and vinyl siding on a highly traveled state highway.

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Downtown Alden Commercial Building

9160 Helena Rd, Alden, MI 49612

$350,000

0.15 AC lot

Commercial building in downtown Alden, near Torch Lake.

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Commercial Building with Commercial Kitchen

9160 Helena Road Unit SourceFi, Alden, MI 49612

$350,000

3,315 sqft

Commercial building featuring oak wood floors, a commercial kitchen, restrooms, plus basement and attic storage.

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Restaurant and Vacation Rental Building

213 N Bridge Street, Bellaire, MI 49615

Contact for pricing

Four vacation rentals operate under 30-day leases alongside a 5,000 sf restaurant space with fixtures and a long-term tenant.

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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.

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.

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Commercial Land with Security Lease

1518 & 1520 Bridge Street, Charlevoix, MI 49720

$795,000

2,900 sqft 1.50 AC lot

Multiple parcels total 1.5 acres with frontage on three roads, currently leased to a security company.

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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.

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Mixed-Use Development Site with Existing Building

4160 M-72 E, Williamsburg, MI 49690

$1,995,000

12,259 sqft 4.35 AC lot

Shovel-ready parcel with approved mixed-use development plans, completed utilities, and an existing commercial building.

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Central Lake, MI Restaurants Market Trends and Statistics

Explore 2 restaurants for sale in Central Lake, MI on our real estate platform. These investment opportunities span a total of 6,400 square feet of properties for sale, with an estimated market value of $850,000.

Sale prices for restaurant properties in Central Lake, MI average $850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
49622	$850K

Neighborhood

Average Price

49622

$850K

Central Lake, MI Restaurants for Sale

2287 S Main Street, Central Lake, MI 49622

2287 S Main Street, Central Lake, MI 49622