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Homer, MI

Restaurants

Homer, MI Restaurants for Sale

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Caspian, MI Crystal Falls, MI Long Lake, WI Florence, WI Amasa, MI Phelps, WI Watersmeet, MI Eagle River, WI

7 properties

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Turnkey Restaurant and Bar

Updated: Jan 12

Turnkey Restaurant and Bar

130 Washington Avenue, Iron River, MI 49935

$199,000

2,923 sqft 0.45 AC lot

Turnkey restaurant and bar with a Michigan liquor license and fully remodeled commercial kitchen, ready for immediate operation.
Includes a separate 4‑bedroom residence, offering live/work flexibility, rental income potential, or Airbnb opportunity.
Extensive recent upgrades, including new plumbing, updated electrical, new forced‑air heating, newer roof (2018), and new concrete flooring.
Complete lineup of commercial equipment included (stove, fryers, coolers, POS system, etc.), minimizing startup costs.
Prime location in the heart of Iron County, near popular snowmobile and outdoor recreation trails, ensuring built‑in customer traffic.

Downtown Commercial Building

Updated: Dec 17, 2025

Downtown Commercial Building

202 W Genesee Street, Iron River, MI 49935

$119,900

3,236 sqft 0.08 AC lot

Downtown Iron River commercial building built in 1937 with flexible layout for multiple commercial uses (subject to approvals).
Newer roof installed; flat rubber roofing.
Heating: forced air; cooling: central air.
Public water service; roof is flat/rubber.
Off‑street parking with parking lot.

Historic Multi-Story Church Building

Historic Multi-Story Church Building

121 N 5th Avenue, Iron River, MI 49935

$395,000

18,000 sqft 0.74 AC lot

Six-story historic church features vaulted ceilings, stained glass windows, and a bell tower with a 1912-era bell.

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Turnkey Restaurant and Bar Building

Turnkey Restaurant and Bar Building

130 Washington Avenue Unit SourceFi, Iron River, MI 49935

$199,000

2,923 sqft

Ready-to-operate restaurant and bar with a full basement, remodeled kitchen, and included equipment for immediate service.

Historic Brick Commercial Building

Historic Brick Commercial Building

208 Cherry Street, Iron River, MI 49935

$60,000

8,084 sqft 0.19 AC lot

Two-story historic brick commercial building with utilities in place and parking on side and street.

Restaurant Building with New Roof

Restaurant Building with New Roof

202 Genesee St W, Iron River, MI 49935

$119,900

Flex-use downtown Iron River building built in 1937 with a newer roof and recent clean-out, sold as-is.

Historic Building with Fountain Bar

Historic Building with Fountain Bar

213 W Adams St, Homer, MI 49245

Contact for pricing

1888 building includes a fountain bar with marble ledge and apartments, with renovations and updates completed in 2010.

Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 7 Active listings in Homer, 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.

Turnkey Bar & Restaurant Opportunity

Turnkey Bar & Restaurant Opportunity

329 Superior Avenue, Crystal Falls, MI 49920

$172,900

2,000 sqft 0.09 AC lot

Fully equipped bar and restaurant in historic downtown Crystal Falls.

Turnkey Bakery and Cafe

Turnkey Bakery and Cafe

318 Superior Avenue, Crystal Falls, MI 49920

$105,000

5,663 sqft 0.13 AC lot

Fully furnished bakery and cafe with commercial kitchen and both dine-in seating and grab-and-go service.

El Capitan Supper Club - Florence, WI

El Capitan Supper Club - Florence, WI

695 Us2 Hwy, Florence, WI 54121

$649,900

6,300 sqft 0.91 AC lot

Iconic supper club with loyal customer base for sale.

Bar and Restaurant Building

Bar and Restaurant Building

5050 Keyes Lake Drive, Florence, WI 54121

Contact for pricing

3,050 sqft

Bar/restaurant space with approximately 3,050 SF and on-site paved parking.

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 with Existing Building

Commercial Land with Existing Building

909 S Stephenson Avenue, Iron Mountain, MI 49801

$250,000

2,335 sqft 0.20 AC lot

A zoned commercial site with a 72-by-120 lot and an older 2,335 SF building on a main thoroughfare.

Downtown Commercial Land Parcel

Downtown Commercial Land Parcel

300 FRONT ST E, Minocqua, WI 54548

$1,500,000

1.02 AC lot

Commercial land in downtown Minocqua with level cleared space, blacktop parking, and three access points.

Prime Commercial Land in Minocqua

Prime Commercial Land in Minocqua

PLAZA DR lot: 12, Minocqua, WI 54548

$249,900

1.58 AC lot

1.58 acre commercial parcel with high exposure in Minocqua.

Prime Commercial Land in Minocqua

Prime Commercial Land in Minocqua

PLAZA DR lot: 11, Minocqua, WI 54548

$199,900

1.20 AC lot

1.2 acre B-2 zoned commercial land with high exposure.

Homer, MI Restaurants Market Trends and Statistics

Explore 7 restaurants for sale in Homer, MI, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 35,166 square feet of properties for sale, with an estimated market value of $1,092,800.

Sale prices for restaurant properties in Homer, MI start at $60,000, averaging $182,133, and reaching up to $395,000 — 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 4,472

Population Growth (5Y) -6.5%

Median Household Income $59,460

College Educated 13.9%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
49245	$175.7K

Taxes & Financing

Tax Rate (average for all types) 2.46%

Property Tax per SF $51.41 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Iron County

New Delisted

Total CRE Inventory on Market (SF)

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