Escanaba, MI Restaurants for sale

Updated: Nov 19, 2025

Turnkey Bar and Restaurant Building

1117 Ludington Street, Escanaba, MI 49829

$530,000

2,164 sqft 0.08 AC lot

Turnkey, fully operational bar in a high‑visibility downtown location with established customer loyalty.
Significant value‑add opportunity with an upstairs apartment space ready for renovation into housing, rental income, or office space.
Modern renovation with newer mechanicals and a functional layout for efficient bar operations.
Over 2,000 square feet of updated space with ample seating, group areas, and renovated restrooms.
Prime placement in Escanaba's developing downtown district.

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This listing looks promising.

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1117 Ludington Street, Escanaba, MI 49829

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Est. Cap Rate

5.4%
NOI ÷ price
Est. NOI

$28K
Annual
Price @ 7% Cap

$406K
Suggested

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Updated: Mar 30

Restaurant and Auto Shop Building

1636 Ludington Street, Escanaba, MI 49829

$700,000

11,000 sqft 0.70 AC lot

Restaurant retains separate heating and cooling systems
Rubber roof over the restaurant replaced in 2025
Automotive area includes natural gas heater and wood furnace
Equipment left for the repair shop: car hoist, air compressor, and tire racks
Approximately 11,000 SF on 0.7 acres; built in 1920

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Turnkey Pool Hall and Bar

224 Stephenson Avenue, Escanaba, MI 49829

$480,000

4,805 sqft 0.19 AC lot

Commercially zoned pool hall and bar with capacity for up to 324 guests and a fully equipped bar area.

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Turnkey Bar and Restaurant Building

1117 Ludington Street, Escanaba, MI 49829

$599,000

2,164 sqft

Turnkey bar and restaurant with renovated restrooms, front-to-back layout, and basement storage plus an upstairs apartment.

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Brick Storefront Building with Parking

201 N Lincoln Street, Escanaba, MI 49829

$575,000

4,400 sqft 0.23 AC lot

Commercial storefront building with ample parking, adaptable space, and public water service in Escanaba.

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Escanaba Corner Property with Restaurant

1636 Ludington, Escanaba, MI 49829

$700,000

Mixed-use property featuring a restaurant and auto shop.

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Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 6 Active listings in Escanaba, 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.

Restaurant and Bar with Bowling Lanes

616 Main Street, Norway, MI 49870

$350,000

9,132 sqft 0.24 AC lot

Restaurant and bar offering daily specials, with bowling lanes still installed in the building.

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Mixed-Use Building with Apartment

201 S Cedar Street, Manistique, MI 49854

$205,000

3,360 sqft

Commercial space with a full kitchen and upstairs residential quarters.

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Restaurant and Bar with Bowling Lanes

616 Main St, Norway, MI 49870

$350,000

Operating restaurant and bar with a full bar and bowling lanes still installed within the building.

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Bar and Restaurant with Gas Pumps

1263 M149 Highway, Manistique, MI 49854

$415,000

4,000 sqft 21.82 AC lot

Restaurant and tavern with outdoor dining and direct access to Trail 7 in Manistique, Michigan.

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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.

Prime Land in Rapid River

7683 US2 Highway, Rapid River, MI 49878

$49,900

1.97 AC lot

Commercial land with high traffic exposure in Rapid River, MI.

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Escanaba, MI Restaurants Market Trends and Statistics

Explore 6 restaurants for sale in Escanaba, MI, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 24,533 square feet of properties for sale, with an estimated market value of $3,584,000.

Sale prices for restaurant properties in Escanaba, MI start at $480,000, averaging $597,333, and reaching up to $700,000 — 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
49829	$510.3K

Neighborhood

Average Price

49829

$510.3K