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    Lake City, MI Restaurants for Sale

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    Turnkey Restaurant and Bar with Patio
    Updated: Jul 27
    Turnkey Restaurant and Bar with Patio

    113 S Main Street, Lake City, MI 49651

    $499,900
    2,461 sqft 0.30 AC lot
    Turnkey restaurant and bar with commercial kitchen equipment, fixtures, and furnishings
    Outdoor patio and bar for seasonal dining
    3 city lots with 0.3‑acre lot size
    2,461 SF restaurant building with frame construction and block exterior features
    Metal roof and on‑site parking lot
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    Restaurant and Bar with Patio
    Updated: Apr 6
    Restaurant and Bar with Patio

    117 S Main Street, Lake City, MI 49651

    $475,000
    2,300 sqft 0.05 AC lot
    Bar area is approximately 2,300 SF with an additional 2,300 SF of patio space
    Downtown Lake City location with a view overlooking Lake Missaukee
    Brick construction and brick exterior
    On‑site parking lot
    Property includes a bathroom (Bathroom 1)
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    Lake City Commercial Opportunity
    Lake City Commercial Opportunity

    81 N Morey Road, Lake City, MI 49651

    $119,900
    510 sqft 0.01 AC lot

    Established restaurant with high visibility in Lake City, Michigan.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Historic Saloon with Patio
    Historic Saloon with Patio

    Lake City, MI 49651

    $475,000
    2,300 sqft

    Bar space and patio total approximately 2,300 square feet each, with views overlooking Lake Missaukee.

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    Turnkey Restaurant with Equipment
    Turnkey Restaurant with Equipment

    137 N Front Street, Lake City, MI 49651

    $289,900
    1,400 sqft 0.25 AC lot

    Turnkey restaurant sale includes real estate, equipment, and inventory for a ready-to-operate concept.

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    Waterfront Restaurant With Patio
    Waterfront Restaurant With Patio

    113 S Main Street, Lake City, MI 49651

    $499,900
    2,461 sqft

    Restaurant and bar includes commercial kitchen equipment, fixtures, furnishings, and an outdoor service area.

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    Established Restaurant Business For Sale
    Established Restaurant Business For Sale

    137 N Front St, Lake City, MI 49651

    $289,900
    0.25 AC lot

    Operating restaurant with real estate, equipment, and inventory included.

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    Restaurant with Natural Gas Pizza Oven
    Restaurant with Natural Gas Pizza Oven

    81 N Morey Road, Lake City, MI 49651

    $119,900

    Turnkey pizza restaurant offering included commercial kitchen equipment and high-visibility roadside access near major intersections.

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    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 8 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.

    Waterfront Lounge and Restaurant
    Waterfront Lounge and Restaurant

    4168 W Houghton Lake Drive, Houghton Lake, MI 48629

    $1,800,000
    8,420 sqft 0.95 AC lot

    Lounge and restaurant with 152 feet of lake frontage on a sandy beach, dock, and multiple bar and event areas.

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    Waterfront Restaurant and Lounge
    Waterfront Restaurant and Lounge

    4168 W Houghton Lake Drive, Houghton Lake, MI 48629

    $1,800,000
    8,420 sqft

    Waterfront restaurant and lounge with multiple bar areas, commercial kitchen, and lakeside beach and dock on Houghton Lake.

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    Turnkey Bakery with Drive-Through
    Turnkey Bakery with Drive-Through

    E 9052 E 13th Street Unit SourceFi, Cadillac, MI 49601

    $49,900
    990 sqft

    Turnkey bakery business offer including a drive-through window at a southeast corner retail location in Cadillac.

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    Commercial Development Site Near Retail
    Commercial Development Site Near Retail

    8998 E 34 Road |, Cadillac, MI 49601

    Contact for pricing

    Development site near major retailers with permitted commercial uses.

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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 Development Lot
    Cleared Corner Development Lot

    Parcel A Plett Road, Cadillac, MI 49601

    $85,000
    0.70 AC lot

    Cleared, level corner parcel on a high-traffic road, ready for development or combination with adjacent parcels.

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    Prime Cadillac Development Parcel
    Prime Cadillac Development Parcel

    900 S Mitchell St., Cadillac, MI 49601

    $249,000
    1.12 AC lot

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

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    Waterfront Restaurant Property
    Waterfront Restaurant Property

    2403 Sunnyside Drive, Cadillac, MI 49601

    $774,000
    5,136 sqft 3.00 AC lot

    Existing restaurant improvements include indoor seating, a seasonal deck, and a lakefront setting.

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    Waterfront Restaurant Property
    Waterfront Restaurant Property

    2403 Sunnyside Drive, Cadillac, MI 49601

    $774,000
    5,136 sqft 3.00 AC lot

    Operating restaurant with waterfront views, deck seating, and paved parking.

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    Lake City, MI Restaurants Market Trends and Statistics

    Explore 8 restaurants for sale in Lake City, MI, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 11,432 square feet of properties for sale, with an estimated market value of $2,769,400.

    Sale prices for restaurant properties in Lake City, MI start at $119,900, averaging $346,175, and reaching up to $499,900 — 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 5
    Bars & Pubs 4
    Commercial kitchens 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 $324.2K

    Taxes & Financing

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

    Total CRE Inventory on Market (SF)

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