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    Indian River, MI Restaurants for Sale

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    Seasonal Restaurant with Outdoor Seating
    Updated: Aug 5
    Seasonal Restaurant with Outdoor Seating

    1499 S Straits Highway, Indian River, MI 49749

    $199,900
    750 sqft
    750‑square‑foot seasonal restaurant operation
    Dining area, walk‑up service counter, equipped kitchen, and restroom
    Outdoor seating for customer use
    Directly off Straits Highway in Indian River
    Established customer parking lot
    View details
    Seasonal Restaurant with Outdoor Seating
    Updated: Aug 1
    Seasonal Restaurant with Outdoor Seating

    1499 Straits Highway, Indian River, MI 49749

    $199,900
    750 sqft
    Established seasonal restaurant business at 1499 Straits Highway, Indian River, MI 49749
    Indoor dining area with walk‑up service counter
    Fully equipped kitchen and restroom
    Outdoor seating for seasonal customer service
    Established customer parking lot with paved driveway
    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 8 Potential Opportunities for your consideration. Besides 2 Active listings in Indian River, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 2 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.

    18-Hole Golf Course
    18-Hole Golf Course

    4849 N Black River Road, Cheboygan, MI 49721

    $650,000
    2,500 sqft 85.48 AC lot

    Clubhouse includes a restaurant, bar, and space for private events and tournaments.

    View details
    Waterfront Restaurant Building
    Waterfront Restaurant Building

    6229 East Street, Alanson, MI 49706

    $385,000
    1,568 sqft 0.40 AC lot

    B-1 commercial property with a dock, river access, and a corner-lot position in downtown Alanson.

    View details
    Waterfront Land with Dock
    Waterfront Land with Dock

    6229 East Street, Alanson, MI 49706

    $385,000
    1,568 sqft 0.40 AC lot

    B-1-zoned waterfront site with a dock and an existing restaurant setup in downtown Alanson.

    View details
    18-Hole Golf Course with Clubhouse
    18-Hole Golf Course with Clubhouse

    4849 N Black River Road, Cheboygan, MI 49721

    $650,000
    85.00 AC lot

    Golf property with an on-site restaurant, bar, event space, and dedicated equipment storage facilities.

    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.

    Commercial Land Near Boat Launch
    Commercial Land Near Boat Launch

    10351 N Straits Highway, Cheboygan, MI 49721

    $147,500
    1.50 AC lot

    Commercial-zoned land with sewer, natural gas, and electric available, directly across from the Forks Public Boat Launch.

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    Elmira Land Parcel on Woodward
    Elmira Land Parcel on Woodward

    V/L 1.6AC Woodward Avenue, Elmira, MI 49730

    $63,900
    1.60 AC lot

    1.6-acre parcel with meadow and woods near M-32 Highway.

    View details

    Indian River, MI Restaurants Market Trends and Statistics

    Explore 2 restaurants for sale in Indian River, MI on our real estate platform. These investment opportunities span a total of 1,500 square feet of properties for sale, with an estimated market value of $399,800.

    Sale prices for restaurant properties in Indian River, MI average $199,900 — 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

    Conventional restaurants 3

    Demographics Overview

    Population 4,860
    Population Growth (5Y) +21.7%
    Median Household Income $66,604
    College Educated 49.3%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49749 $885K

    Taxes & Financing

    Tax Rate (average for all types) 2.66%
    Tax Rate vs County Average 0.54 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cheboygan County

    New Delisted

    Total CRE Inventory on Market (SF)

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