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    Grayling, MI Restaurants for Sale

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    Frederic, MI Roscommon, MI Kalkaska, MI Marquette, MI Fife Lake, MI Gaylord, MI Mancelona, MI Saint Helen, MI
    Restaurant and Bar With Liquor License
    Updated: Jul 24
    Restaurant and Bar With Liquor License

    2123 Industrial Dr, Grayling, MI 49738

    $399,900
    6,460 sqft 1.28 AC lot
    6,460 SF former Gray Rock Bar & Grill commercial property on 1.28 acres in Grayling’s Industrial Park
    Sold with the liquor license and everything currently on site
    Site contents include a ready‑to‑launch food and beverage setup per the existing bar‑and‑grill business
    Industrial Drive now connects M‑72 to 4 Mile Road, improving access and traffic flow through the industrial corridor
    View details
    Established Restaurant/Bar in Grayling, MI
    Updated: Nov 28, 2025
    Established Restaurant/Bar in Grayling, MI

    6811 W M 72, Grayling, MI 49738

    $450,000
    0.39 AC lot
    Prime location in Grayling, MI with high traffic count.
    Established, high‑grossing restaurant/bar with loyal customers.
    5,200 sq ft of well‑designed space for dining and entertainment.**
    Includes three pool tables, darts, stage, and outdoor sand volleyball court.
    Current events like trivia, karaoke, and cornhole attract customers.
    View details
    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 30 Potential Opportunities for your consideration. Besides 2 Active listings in Grayling, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 20 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.

    Fully Equipped Restaurant and Bar
    Fully Equipped Restaurant and Bar

    6516 N Old 27, Frederic, MI 49733

    $525,000
    5,167 sqft 0.40 AC lot

    Restaurant and bar with a fully equipped kitchen, walk-in cooler, bar coolers, and ample storage space.

    View details
    Turnkey Restaurant & Bar Property
    Turnkey Restaurant & Bar Property

    6516 N Old 27, Frederic, MI 49733

    $525,000

    Turnkey restaurant and bar with fully equipped kitchen, liquor licenses, generator, and income-producing apartments upstairs.

    View details
    Iconic Restaurant and Bowling Alley
    Iconic Restaurant and Bowling Alley

    Roscommon, MI 48653

    $1,500,000
    14,392 sqft

    Established restaurant, banquet rooms, bar, and bowling alley.

    View details
    Retail and Restaurant Building
    Retail and Restaurant Building

    9963 W Higgins, Roscommon, MI 48653

    $155,000

    Vacant 3,000+ sq. ft. building with coolers, walk-in refrigerator, and a cooking area.

    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.

    Corner Commercial Land Zoned C-2
    Corner Commercial Land Zoned C-2

    N Down River Road, Grayling, MI 49738

    $101,550
    18,149 sqft 0.40 AC lot

    Build-ready corner parcel near Grayling Hospital, zoned C-2 and approved for a recent lot split.

    View details
    Commercial Land with Off-Ramp Frontage
    Commercial Land with Off-Ramp Frontage

    VL Johnson Road, Gaylord, MI 49735

    $150,000
    0.64 AC lot

    Zoned B-2 commercial land on the I-75 Exit 279 off-ramp, offering visibility for a wide range of uses.

    View details
    Commercial Land with I-75 Off-Ramp Frontage
    Commercial Land with I-75 Off-Ramp Frontage

    VL Johnson Road, Gaylord, MI 49735

    $150,000
    0.64 AC lot

    B-2 zoned commercial land with I-75 visibility at the Gaylord interchange, supported by MDOT 2024 traffic counts.

    View details
    Commercial Lot in Richfield Township
    Commercial Lot in Richfield Township

    Saint Helen, MI 48656

    $84,900
    1.05 AC lot

    Over one acre commercial lot near St. Helen Trailhead.

    View details

    Off-Market Properties in Grayling, MI

    Consider similar Off-Market properties in Grayling, 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.

    2123 Industrial Dr
    BAR, TAVERN

    2123 Industrial Dr, Grayling, MI 49738-7849

    $235,000
    Estimated value
    7,247 sqft 1.29 AC lot
    View details
    6811 M 72nd Hwy
    BAR, TAVERN

    6811 M 72nd Hwy, Grayling, MI 49738-7463

    $200,000
    Estimated value
    5,200 sqft 0.39 AC lot
    View details
    321 State St
    DRIVE-THRU RESTAURANT, FAST FOOD

    321 State St, Grayling, MI 49738-1851

    $760,000
    Estimated value
    4,088 sqft 1.58 AC lot
    View details
    2222 I 75th Business Loop
    RESTAURANT

    2222 I 75th Business Loop, Grayling, MI 49738-2003

    $290,000
    Estimated value
    4,956 sqft 0.85 AC lot
    View details
    2141 I 75th Business Loop
    DRIVE-THRU RESTAURANT, FAST FOOD

    2141 I 75th Business Loop, Grayling, MI 49738-2001

    $1,425,000
    Estimated value
    2,410 sqft 2.30 AC lot
    View details
    231 Michigan Ave
    RESTAURANT

    231 Michigan Ave, Grayling, MI 49738-1742

    $285,000
    Estimated value
    2,675 sqft 0.08 AC lot
    View details
    6415 M 72nd Hwy
    RESTAURANT

    6415 M 72nd Hwy, Grayling, MI 49738-7787

    $155,000
    Estimated value
    600 sqft 0.42 AC lot
    View details
    211 Michigan Ave
    RESTAURANT

    211 Michigan Ave, Grayling, MI 49738-1742

    $260,000
    Estimated value
    1,976 sqft 0.07 AC lot
    View details
    3997 M 72nd Hwy
    BAR, TAVERN

    3997 M 72nd Hwy, Grayling, MI 49738-9251

    $55,000
    Estimated value
    2,016 sqft 0.70 AC lot
    View details
    6301 M 72nd Hwy
    RESTAURANT

    6301 M 72nd Hwy, Grayling, MI 49738-7786

    $285,000
    Estimated value
    3,611 sqft 0.39 AC lot
    View details
    305 James St
    RESTAURANT

    305 James St, Grayling, MI 49738-1817

    $275,000
    Estimated value
    1,476 sqft 0.23 AC lot
    View details
    2167 I 75th Business Loop
    DRIVE-THRU RESTAURANT, FAST FOOD

    2167 I 75th Business Loop, Grayling, MI 49738-2001

    $270,000
    Estimated value
    2,158 sqft 0.93 AC lot
    View details
    2552 I 75th Business Loop
    RESTAURANT

    2552 I 75th Business Loop, Grayling, MI 49738-2010

    $315,000
    Estimated value
    6,533 sqft 0.91 AC lot
    View details
    1081 I-75Bl
    Restaurants

    1081 I-75Bl, Grayling, MI 49738

    Value Estimation by Request
    5,300 sqft
    View details
    243 Michigan Ave
    DRIVE-THRU RESTAURANT, FAST FOOD

    243 Michigan Ave, Grayling, MI 49738-1742

    $265,000
    Estimated value
    2,399 sqft 0.05 AC lot
    View details
    317 James St
    DRIVE-THRU RESTAURANT, FAST FOOD

    317 James St, Grayling, MI 49738-1817

    $260,000
    Estimated value
    2,258 sqft 0.39 AC lot
    View details
    307 James St
    DRIVE-THRU RESTAURANT, FAST FOOD

    307 James St, Grayling, MI 49738-1817

    $245,000
    Estimated value
    1,809 sqft 0.05 AC lot
    View details
    301 James St
    RESTAURANT

    301 James St, Grayling, MI 49738-1817

    $285,000
    Estimated value
    2,030 sqft 0.15 AC lot
    View details
    2236 I 75th Business Loop
    DRIVE-THRU RESTAURANT, FAST FOOD

    2236 I 75th Business Loop, Grayling, MI 49738-2003

    $325,000
    Estimated value
    4,940 sqft 1.38 AC lot
    View details
    6535 County Rd 612
    RESTAURANT

    6535 County Rd 612, Grayling, MI 49738-9207

    $300,000
    Estimated value
    3,242 sqft 1.13 AC lot
    View details

    Grayling, MI Restaurants Market Trends and Statistics

    Explore 22 restaurants for sale in Grayling, MI on our real estate platform. These investment opportunities span a total of 6,460 square feet of properties for sale, with an estimated market value of $849,900.

    Sale prices for restaurant properties in Grayling, MI start at $399,900, averaging $424,950, and reaching up to $450,000 — 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 3
    Conventional restaurants 1

    Demographics Overview

    Population 9,599
    Population Growth (5Y) +0.0%
    Median Household Income $57,573
    College Educated 14.6%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49738 $425K

    Taxes & Financing

    Tax Rate (average for all types) 2.14%
    Property Tax per SF $79.70 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Crawford County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

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

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