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Erie, MI

Restaurants

Erie, MI Restaurants for Sale

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Luna Pier, MI La Salle, MI Temperance, MI Samaria, MI Toledo, OH Lambertville, MI Harbor View, OH Monroe, MI

Established Restaurant with Outdoor Patios

Updated: Oct 31, 2024

Established Restaurant with Outdoor Patios

11191 Telegraph Road, Erie, MI 48133

$895,000

5,076 sqft 5.67 AC lot

Long‑running successful Mexican restaurant with well‑established clientele
Year built 1998; shingle roof and central air conditioning
Interior features include reception area, restroom(s), ceramic floors, and wood floors
Includes outdoor patios and a deck/patio for guest dining or relaxation
Parking lot included

This listing looks promising.

Here's a quick look at some key insights for

11191 Telegraph Road, Erie, MI 48133-9749

View Property Analytics

Est. Cap Rate

5.5%
NOI ÷ price
Est. NOI

$49K
Annual
Price @ 7% Cap

$706K
Suggested
Last Sold

Nov 2015
$614K
Property Type

Restaurant
Built 1998

View Property Analytics

Established Restaurant with Outdoor Patios

Updated: Oct 24, 2024

Established Restaurant with Outdoor Patios

11191 Telegraph, Erie, MI 48133

$895,000

5,076 sqft

Long‑running, successful Mexican restaurant with established clientele.
Turn‑key ready, price includes equipment and fixtures.
Includes all licenses.
Two outdoor patios overlooking private settings.
Building has additional potential.

Based on your search, we've compiled 22 Potential Opportunities for your consideration. Besides 2 Active listings in Erie, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 12 Off-Market properties to explore as potential leads, 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 Outdoor Patio

Turn-Key Restaurant with Outdoor Patio

1140 South Monroe Street, Monroe, MI 48161

Contact for pricing

6,543 sqft 2.31 AC lot

Completely renovated restaurant with new kitchen and bar, plus an outdoor dining patio and on-site liquor licensing included.

Bolles Harbor Cafe Opportunity

Bolles Harbor Cafe Opportunity

13986 Laplaisance Rd, MonroeCharterTownship_, Monroe, MI 48161

$249,500

0.22 AC lot

Former cafe with fixtures, equipment, and finishings, ready for revival.

Retail Building with Large Lot

Retail Building with Large Lot

5205 Telegraph Rd, Toledo, OH 43612

$350,000

For-sale retail building with 2,000+ square feet and an over-acre lot for parking and potential expansion.

Tavern and Restaurant Business

Tavern and Restaurant Business

5025 Bennett Rd, Toledo, OH 43612

$150,000

Long-running tavern business operating 40+ years with all-day food and drink and weekend karaoke.

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.

Land For Sale

Land For Sale

8008 Lewis Ave, Temperance, MI 48182

Contact for pricing

0.83 AC lot

0.83 acre land available for purchase.

Monroe Commercial Land for Sale

Monroe Commercial Land for Sale

S Custer Road, Monroe, MI 48161

$149,900

4.81 AC lot

4.8 acres of commercial land in Monroe, Michigan.

Toledo Commercial Land Opportunity

Toledo Commercial Land Opportunity

1108 E Manhattan Blvd, Toledo, OH 43608

$55,000

0.47 AC lot

Four contiguous parcels totaling 0.4677 acres ready for redevelopment.

Monroe Land For Sale

Monroe Land For Sale

N Telegraph Road, Monroe, MI 48162

$249,900

6.23 AC lot

6.2 acres of commercial land in Monroe, Michigan.

Off-Market Properties in Erie, MI

Consider similar Off-Market properties in Erie, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

6215 Edgewater Dr

RESTAURANT

6215 Edgewater Dr, Erie, MI 48133-9406

Value Estimation by Request

2,645 sqft 0.70 AC lot

10813 Telegraph Rd

BAR, TAVERN

10813 Telegraph Rd, Erie, MI 48133-9749

Value Estimation by Request

5,437 sqft 2.38 AC lot

6339 Edgewater Dr

RESTAURANT

6339 Edgewater Dr, Erie, MI 48133-9406

Value Estimation by Request

5,764 sqft 1.50 AC lot

2103 Manhattan St

RESTAURANT

2103 Manhattan St, Erie, MI 48133-9647

Value Estimation by Request

4,430 sqft 1.03 AC lot

10916 Dixie Hwy

DRIVE-THRU RESTAURANT, FAST FOOD

10916 Dixie Hwy, Erie, MI 48133-9712

Value Estimation by Request

672 sqft 0.48 AC lot

11191 Telegraph Rd

RESTAURANT

11191 Telegraph Rd, Erie, MI 48133-9749

Value Estimation by Request

5,076 sqft 5.67 AC lot

RESTAURANT

9788 Dixie Hwy, Erie, MI 48133-9232

Value Estimation by Request

3,163 sqft 0.13 AC lot

RESTAURANT

9767 Dixie Hwy, Erie, MI 48133-9232

Value Estimation by Request

1,214 sqft 0.58 AC lot

6880 Telegraph Rd

RESTAURANT

6880 Telegraph Rd, Erie, MI 48133-9639

Value Estimation by Request

6,180 sqft 2.90 AC lot

7480 Suder Ave, Unit 7478

BAR, TAVERN

7480 Suder Ave, Erie, MI 48133-9672

Unit 7478

Value Estimation by Request

6,364 sqft 1.75 AC lot

9793 Telegraph Rd

BAR, TAVERN

9793 Telegraph Rd, Erie, MI 48133-9700

Value Estimation by Request

1,656 sqft 0.55 AC lot

RESTAURANT

6630 Dixie Hwy, Erie, MI 48133-9221

Value Estimation by Request

10,226 sqft 1.50 AC lot

Erie, MI Restaurants Market Trends and Statistics

Explore 14 restaurants for sale in Erie, MI on our real estate platform. These investment opportunities span a total of 10,152 square feet of properties for sale, with an estimated market value of $1,790,000.

Sale prices for restaurant properties in Erie, MI average $895,000 — 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

Demographics Overview

Population 6,711

Population Growth (5Y) +18.7%

Median Household Income $65,867

College Educated 29.0%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
48133	$895K

Taxes & Financing

Average Loan-to-Value 65.0%

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