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    Homer, MI
    Restaurants

    Homer, MI Restaurants for Sale

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    Caspian, MI Gaastra, MI Crystal Falls, MI Long Lake, WI Amasa, MI Florence, WI Phelps, WI Watersmeet, MI
    Mixed-Use Property with Restaurant
    Updated: Jan 12
    Mixed-Use Property with Restaurant

    130 Washington Avenue, Iron River, MI 49935

    $199,000
    2,923 sqft 0.45 AC lot
    2,923‑square‑foot restaurant and bar with full basement
    Separate residence with 4 bedrooms and additional third‑floor space
    Michigan liquor license included with the sale
    Remodeled commercial kitchen with 10‑foot Captivaire vent hood
    Commercial equipment includes walk‑in cooler and freezer, fryers, POS system, and beer coolers
    View details
    Restaurant Building with Newer Roof
    Updated: Dec 17, 2025
    Restaurant Building with Newer Roof

    202 W Genesee Street, Iron River, MI 49935

    $60,000
    3,236 sqft 0.08 AC lot
    3,236‑square‑foot commercial building on a 0.08‑acre lot
    Commercial zoning at 202 W Genesee Street, Iron River, MI 49935
    Constructed in 1937; formerly operated as a supper club
    Newer rubber flat roof and completed full clean‑out
    Central air, forced‑air heating, and public water
    View details
    See what stands out in Calhoun County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Homer, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Remodeled Conventional Restaurant with Bar
    Remodeled Conventional Restaurant with Bar

    329 Superior Avenue, Crystal Falls, MI 49920

    $149,900
    2,000 sqft 0.09 AC lot

    Includes a Class C liquor license, commercial kitchen equipment, and flexible second-floor space.

    View details
    Renovated Wedding Venue with Ballroom
    Renovated Wedding Venue with Ballroom

    748 Central Avenue, Florence, WI 54121

    $895,000
    15,400 sqft

    Historic event property with commercial kitchen, bar service, furnishings, and multiple existing business occupants.

    View details
    Elevated Campground with Pool
    Elevated Campground with Pool

    4080 US Hwy 2, Florence, WI 54121

    $799,900
    73.00 AC lot

    Outdoor hospitality property combining overnight accommodations, food service, recreation amenities, and views of the surrounding hills.

    View details
    Bakery and Cafe Restaurant
    Bakery and Cafe Restaurant

    318 Superior Avenue, Crystal Falls, MI 49920

    $95,000
    5,663 sqft 0.13 AC lot

    Commercial kitchen with furnished dine-in seating, display areas, and grab-and-go service configuration.

    View details

    Homer, MI Restaurants Market Trends and Statistics

    Explore 2 restaurants for sale in Homer, MI on our real estate platform. These investment opportunities span a total of 6,159 square feet of properties for sale, with an estimated market value of $259,000.

    Sale prices for restaurant properties in Homer, MI start at $60,000, averaging $129,500, and reaching up to $199,000 — 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 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 $169K

    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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