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    Lake City, MI
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    Lake City, MI Restaurants for Sale

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    Mc Bain, MI Cadillac, MI Manton, MI
    Historic Bar with Lake View
    $475,000
    2,300 SF
    Historic Bar with Lake View

    117 S Main Street, Lake City, MI 49651

    Established bar in prime location with lake views and patio.
    • Prime downtown location with STUNNING VIEWS of Lake Missaukee.
    • Established, historic business with a long‑standing reputation.
    • Large bar area of approximately 2,300 sq ft.
    • Extensive patio space of approximately 2,300 sq ft, IDEAL FOR EVENTS.
    • Well‑known for its welcoming atmosphere and community connection.
    Updated: Apr 6
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    Lake City Commercial Opportunity
    $119,900
    510 SF
    Lake City Commercial Opportunity

    81 N Morey Road, Lake City, MI 49651

    Established restaurant with high visibility in Lake City, Michigan.
    • High‑visibility location near the M‑55 and M‑66 intersection.
    • Established business with a 20+ year history.
    • Includes essential equipment: pizza oven, pizza table, convection oven, commercial mixer, freezers, and walk‑in cooler.
    • Opportunity to continue a local tradition or start a new business venture.
    • Building included in the sale.
    Updated: Feb 13
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    Lake City Restaurant/Bar Opportunity
    $470,000
    2,500 SF
    Lake City Restaurant/Bar Opportunity

    Turnkey restaurant and bar near Lake Missaukee, ready for immediate use.

    113 Main Street, Lake City, MI 49651

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    Established Restaurant Business Opportunity
    $289,900
    1,400 SF
    Established Restaurant Business Opportunity

    Operating restaurant for sale with real estate, equipment, and inventory.

    137 N Front Street, Lake City, MI 49651

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    Established Restaurant Business Opportunity
    $129,900
    510 SF
    Established Restaurant Business Opportunity

    Well-located restaurant with equipment included, ready for new ownership.

    81 N Morey Rd, Lake City, MI 49651

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 5 Active listings in Lake City, 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.

    Downtown Manton Redevelopment Opportunity
    $300,000
    8,411 SF
    Downtown Manton Redevelopment Opportunity

    Unique commercial property with redevelopment potential in historic downtown Manton.

    304 W Main Street, Manton, MI 49663

    View details
    Cadillac Commercial Property with Event Center
    $595,000
    4,000 SF
    Cadillac Commercial Property with Event Center

    Three buildings on 2.25 acres with event center.

    916 S Mitchell Street, Cadillac, MI 49601

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    Historic Manton Mixed-Use Redevelopment Opportunity
    $325,000
    Historic Manton Mixed-Use Redevelopment Opportunity

    Unique commercial property with redevelopment potential in downtown Manton.

    304 W Main St, Manton, MI 49663

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    Commercial Development Site Near Retail
    Contact for pricing
    Commercial Development Site Near Retail

    Development site near major retailers with permitted commercial uses.

    8998 E 34 Road |, Cadillac, MI 49601

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    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.

    Cleared Corner Lot Ready Development
    $85,000
    0.70 Acres
    Cleared Corner Lot Ready Development

    Corner lot in Cadillac, ready for development, high traffic.

    Parcel A Plett Road, Cadillac, MI 49601

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    Prime Cadillac Development Parcel
    $249,000
    1.12 Acres
    Prime Cadillac Development Parcel

    One-acre commercial land parcel in Cadillac's south end.

    900 S Mitchell St., Cadillac, MI 49601

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    Turnkey Restaurant with Waterfront Views
    $774,000
    5,136 SF
    Turnkey Restaurant with Waterfront Views

    Profitable restaurant with waterfront views and seating for over 5000.

    2403 Sunnyside Drive, Cadillac, MI 49601

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    Turnkey Restaurant with Waterfront Views
    $774,000
    5,136 SF
    Turnkey Restaurant with Waterfront Views

    Profitable restaurant with waterfront views and seating in Cadillac, MI.

    2403 Sunnyside Drive, Cadillac, MI 49601

    View details

    Lake City, MI Restaurants Investment Opportunities Market Analysis

    Explore 5 restaurants for sale in Lake City, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 7,220 square feet of properties for sale, with an estimated market value of $1,484,700.

    Sale prices for restaurant properties in Lake City, MI start at $119,900, averaging $296,940, and reaching up to $475,000 — 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

    Conventional restaurants 3
    Bars & Pubs 2
    Turn key restaurants 1

    Demographics Overview

    Population 7,540
    Population Growth (5Y) -4.4%
    Median Household Income $61,524
    College Educated 26.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49651 $296.9K

    Taxes & Financing

    Tax Rate (average for all types) 3.24%
    Property Tax per SF $98.07 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Missaukee County

    New Delisted

    Total CRE Inventory on Market (SF)

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