Houghton Lake, MI Restaurants for sale

Updated: Jul 27

Waterfront Lounge and Restaurant

4168 W Houghton Lake Drive, Houghton Lake, MI 48629

$1,800,000

8,420 sqft 0.95 AC lot

Approximately 8,400 SF lounge and restaurant with signature horseshoe‑shaped bar
152 feet of frontage on Houghton Lake with sandy beach and lakeside dock
Four distinct bar areas including lake‑level open‑air lower bar
1,404 SF three‑sided open‑air lakeside pavilion bar
560 SF open‑air lakeside balcony

View details

This listing looks promising.

Here's a quick look at some key insights for

4168 W Houghton Lake Drive, Houghton Lake, MI 48629

View Property Analytics

Est. Cap Rate

3.6%
NOI ÷ price
Est. NOI

$64K
Annual
Price @ 7% Cap

$916K
Suggested

View Property Analytics

Updated: Jul 27

Waterfront Restaurant and Lounge

4168 W Houghton Lake Drive, Houghton Lake, MI 48629

$1,800,000

8,420 sqft

About 152 feet of frontage on Houghton Lake
Four distinct bar areas including a 1,404‑square‑foot open‑air pavilion bar
Second floor originally designed as a poker room for events or expanded seating
Commercial kitchen with top‑of‑the‑line equipment and a modern POS system
Approximately 560‑square‑foot open‑air lakeside balcony plus lakeside dock and sandy beach

View details

Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Houghton Lake, 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.

Multi-Use Restaurant and Market Buildings

W 1857 W Higgins Lake Drive Unit SourceFi, Roscommon, MI 48653

$725,000

2,428 sqft 0.46 AC lot

Two income-producing buildings include a pizza restaurant and a newly built coffee shop and market with shared outdoor seating.

View details

Retail Space with Flexible Layout

2121 W Houghton Lake Drive, Prudenville, MI 48651

$675,000

Former deli building with a spacious rear area and direct exposure along M-55 near Walmart.

View details

Cozy Restaurant With Included Equipment

E 3556 E HIGGINS LAKE Drive Unit SourceFi, Roscommon, MI 48653

$220,000

Restaurant seats 40 guests and includes most equipment, with a small, efficient kitchen on site.

View details

Recently Remodeled Sports Bar Restaurant

700 E Houghton Lake Drive, Prudenville, MI 48651

Contact for pricing

Recently remodeled in 2022 with finished wood floors, knotty pine bar walls, and ample front and back parking.

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.

Shovel-Ready Commercial Development Land

N Clare Avenue, Harrison, MI 48625

$210,000

8.00 AC lot

Zoned commercial vacant lot with site improvements underway, positioned with road frontage near the US 127 interchange.

View details

Level Commercial Land

Saint Helen, MI 48656

$84,900

1.05 AC lot

Level vacant land with commercial zoning and well water.

View details

Commercial Land Near Interstate Exit

W M-76, West Branch, MI 48661

$200,000

4.24 AC lot

Commercial parcel with natural gas and municipal water available, plus municipal sewer close by.

View details

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

Houghton Lake, MI Restaurants Market Trends and Statistics

Explore 2 restaurants for sale in Houghton Lake, MI on our real estate platform. These investment opportunities span a total of 16,840 square feet of properties for sale, with an estimated market value of $3,600,000.

Sale prices for restaurant properties in Houghton Lake, MI average $1,800,000 — 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
48629	$1.8M

Neighborhood

Average Price

48629

$1.8M

Houghton Lake, MI Restaurants for Sale

4168 W Houghton Lake Drive, Houghton Lake, MI 48629

4168 W Houghton Lake Drive, Houghton Lake, MI 48629

Opportunities in Nearby Cities

W 1857 W Higgins Lake Drive Unit SourceFi, Roscommon, MI 48653

2121 W Houghton Lake Drive, Prudenville, MI 48651

E 3556 E HIGGINS LAKE Drive Unit SourceFi, Roscommon, MI 48653

700 E Houghton Lake Drive, Prudenville, MI 48651