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    Cheboygan, MI
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    Cheboygan, MI Restaurants for Sale

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    Onaway, MI Ocqueoc, MI Indian River, MI Afton, MI Topinabee, MI Pointe Aux Pins, MI Brutus, MI Alanson, MI
    6 properties
    Restaurant Building With Commercial Kitchen
    Updated: Aug 17
    Restaurant Building With Commercial Kitchen

    330 N Main Street, Cheboygan, MI 49721

    $699,000
    2,064 sqft 0.10 AC lot
    2,064‑square‑foot restaurant building at 330 N Main Street
    1,440‑square‑foot front‑of‑house area and 620‑square‑foot double commercial kitchen
    Kitchen includes two functioning exhaust hoods, a walk‑in cooler, and a walk‑in freezer
    Class C Liquor License included with the real estate
    Custom copper bar top depicts the Inland Waterway and Straits of Mackinac
    View details
    18-Hole Golf Course
    Updated: Jul 31
    18-Hole Golf Course

    4849 N Black River Road, Cheboygan, MI 49721

    $650,000
    2,500 sqft 85.48 AC lot
    18‑hole golf course on approximately 85.48 acres
    Clubhouse with full‑service restaurant and bar
    Restaurant serves breakfast, lunch, dinner, and drinks
    Space for private events, tournaments, and special gatherings
    Maintenance barn stores golf course equipment and golf carts
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    Remodeled Restaurant with River Views
    Remodeled Restaurant with River Views

    220 N Main Street, Cheboygan, MI 49721

    $785,000
    2,500 sqft 0.10 AC lot

    Liquor license, furnishings, equipment, and inventory convey with the restaurant.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    18-Hole Golf Course with Clubhouse
    18-Hole Golf Course with Clubhouse

    4849 N Black River Road, Cheboygan, MI 49721

    $650,000
    85.00 AC lot

    Golf property with an on-site restaurant, bar, event space, and dedicated equipment storage facilities.

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    Turnkey Bar and Restaurant Opportunity
    Turnkey Bar and Restaurant Opportunity

    220 N Main Street, Cheboygan, MI 49721

    $785,000

    Fully operational bar and restaurant for sale.

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    Lodge with Restaurant and Bar
    Lodge with Restaurant and Bar

    10621 Twin Lakes Road, Cheboygan, MI 49721

    Contact for pricing

    Updated lodge rooms include a custom bar area, plus a full kitchen and dining spaces for gatherings.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 6 Active listings in Cheboygan, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

    Seasonal Restaurant with Outdoor Seating
    Seasonal Restaurant with Outdoor Seating

    1499 S Straits Highway, Indian River, MI 49749

    $199,900
    750 sqft

    Established seasonal operation with a dining area, walk-up counter, equipped kitchen, restroom, and customer parking.

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    Waterfront Restaurant Building
    Waterfront Restaurant Building

    6229 East Street, Alanson, MI 49706

    $385,000
    1,568 sqft 0.40 AC lot

    B-1 commercial property with a dock, river access, and a corner-lot position in downtown Alanson.

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    Waterfront Land with Dock
    Waterfront Land with Dock

    6229 East Street, Alanson, MI 49706

    $385,000
    1,568 sqft 0.40 AC lot

    B-1-zoned waterfront site with a dock and an existing restaurant setup in downtown Alanson.

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    Seasonal Restaurant with Outdoor Seating
    Seasonal Restaurant with Outdoor Seating

    1499 Straits Highway, Indian River, MI 49749

    $199,900
    750 sqft

    Established seasonal restaurant with a customer dining area, walk-up counter, equipped kitchen, restroom, and paved 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 Near Boat Launch
    Commercial Land Near Boat Launch

    10351 N Straits Highway, Cheboygan, MI 49721

    $147,500
    1.50 AC lot

    Commercial-zoned land with sewer, natural gas, and electric available, directly across from the Forks Public Boat Launch.

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    Cheboygan, MI Restaurants Market Trends and Statistics

    Explore 6 restaurants for sale in Cheboygan, MI, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 7,064 square feet of properties for sale, with an estimated market value of $3,569,000.

    Sale prices for restaurant properties in Cheboygan, MI start at $650,000, averaging $713,800, and reaching up to $785,000 — 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

    Bars & Pubs 5
    Conventional restaurants 5
    Commercial kitchens 1

    Demographics Overview

    Population 14K
    Population Growth (5Y) -2.2%
    Median Household Income $60,840
    College Educated 29.7%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49721 $785K

    Taxes & Financing

    Tax Rate (average for all types) 3.46%
    Tax Rate vs County Average 0.26 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cheboygan County

    New Delisted

    Total CRE Inventory on Market (SF)

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