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    Empire, MI
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    Empire, MI Restaurants for Sale

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    Glen Arbor, MI Honor, MI Lake Ann, MI Maple City, MI Traverse City, MI Interlochen, MI Cedar, MI Beulah, MI
    Glen Lake Manor Redevelopment Opportunity
    Updated: Sep 10, 2025
    Glen Lake Manor Redevelopment Opportunity

    7345 W Glenmere Road, Empire, MI 49630

    $2,295,000
    3 sqft
    172' of sandy Glen Lake frontage on 5 wooded acres.
    Special Use Permit finalized in Nov 2024 allows for 9 en‑suite guest rooms, 1 manager/owner suite, a 50‑seat restaurant, a 20‑seat lounge, and use of 3 rental cottages.
    Operating since 1906 with a rich history as a host to lumbermen, vacationers, diners, and wedding guests.
    2005 restoration of kitchen, dining area, restrooms, and office space.
    All buildings received new roofs in 2021.
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    Lakefront Hotel Property With Restaurant
    Updated: Jul 11, 2025
    Lakefront Hotel Property With Restaurant

    7345 W Glenmere Road, Empire, MI 49630

    $1,895,000
    3,189 sqft 5.00 AC lot
    5 wooded acres with 172 feet of sandy Glen Lake frontage
    Empire Township special use permit finalized in November 2024
    Redevelopment plan allows 9 en‑suite guest rooms and 1 manager/owner suite
    Approved restaurant and lounge configuration includes 50 seats and 20 seats
    13 original second‑floor rooms plus 3 free‑standing rental cottages
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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 Empire, 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.

    Historic Mixed-Use Building Near West Bay
    Historic Mixed-Use Building Near West Bay

    601 Randolph Street, Traverse City, MI 49684

    $1,400,000
    3,250 sqft

    Unique mixed-use property in prime location near shopping and dining.

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    Corner Office and Restaurant Building
    Corner Office and Restaurant Building

    12930 S West Bay Shore Dr, Traverse City, MI 49684

    $1,695,000

    Fully furnished corner building with a renovated restaurant main floor and multi-office occupancy upstairs.

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    Restaurant and Entertainment Venue For Sale
    Restaurant and Entertainment Venue For Sale

    13901 US-31, Beulah, MI 49617

    Contact for pricing
    6,000 sqft

    Restaurant and entertainment venue with family-friendly atmosphere for sale.

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    Restaurant and Entertainment Spot For Sale
    Restaurant and Entertainment Spot For Sale

    Beulah, MI 49617

    $599,900

    Thriving restaurant and entertainment venue with family-friendly atmosphere on 3.75-acre lot.

    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

    V/L Zimmerman Road, Traverse City, MI 49685

    $145,000
    1.48 AC lot

    1.48-acre commercial land with municipal water and sewer, supporting a range of office, medical, service, and retail uses under PUD zoning.

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    Commercial Land Near Traffic Light
    Commercial Land Near Traffic Light

    Zimmerman Road, Traverse City, MI 49685

    $389,000
    3.50 AC lot

    Commercial zoning permits mixed-use development with residential space above.

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    Retail Building Site in Traverse
    Retail Building Site in Traverse

    3560 Marketplace Cir, Traverse City, MI 49684

    $790,000
    1.18 AC lot

    1.18 acre retail building site in major shopping destination.

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    Commercial Development Land Parcel
    Commercial Development Land Parcel

    1026-1028 E Front Street, Traverse City, MI 49686

    $399,000
    0.38 AC lot

    Zoned commercial parcel with two separate lots, positioned along a major east-west corridor for flexible development planning.

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    Empire, MI Restaurants Market Trends and Statistics

    Explore 2 restaurants for sale in Empire, MI on our real estate platform. These investment opportunities span a total of 3,192 square feet of properties for sale, with an estimated market value of $4,190,000.

    Sale prices for restaurant properties in Empire, MI start at $1,895,000, averaging $2,095,000, and reaching up to $2,295,000 — 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 1

    Demographics Overview

    Population 1,484
    Population Growth (5Y) +6.2%
    Median Household Income $101,875
    College Educated 80.4%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49630 $2.3M

    Taxes & Financing

    Tax Rate (average for all types) 2.45%
    Tax Rate vs County Average 0.20 pp above county avg
    Average Loan-to-Value 65.0%

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

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

    Retail

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