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    Lake City, MI Restaurants for Sale

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    Waterfront Restaurant and Bar
    Updated: Jul 27
    Waterfront Restaurant and Bar

    113 S Main Street, Lake City, MI 49651

    $499,900
    2,461 sqft 0.30 AC lot
    2,461‑square‑foot restaurant and bar property
    Sale includes fixtures, furnishings, and restaurant equipment
    Outdoor patio and bar for seasonal dining and entertaining
    Located on three city lots at 113 S Main Street
    Near public access to 1,880‑acre Lake Missaukee
    View details
    Pizza Restaurant With Commercial Equipment
    Updated: Feb 13
    Pizza Restaurant With Commercial Equipment

    81 N Morey Road, Lake City, MI 49651

    $119,900
    510 sqft 0.01 AC lot
    510‑square‑foot restaurant building constructed in 1950
    Sale includes the operating pizza business and food‑service equipment
    Two‑door natural gas pizza oven and 10‑by‑10‑foot walk‑in cooler included
    Additional equipment includes convection oven, commercial mixer, freezers, and pop cooler
    Located at 81 N Morey Road, just north of the M‑55 and M‑66 intersection
    View details
    Downtown Bar With Lake Views
    Downtown Bar With Lake Views

    117 S Main Street, Lake City, MI 49651

    $475,000
    2,300 sqft 0.05 AC lot

    Brick-built bar with a dedicated outdoor patio and on-site parking lot.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Waterfront Restaurant and Bar
    Waterfront Restaurant and Bar

    Lake City, MI 49651

    $499,900
    2,461 sqft

    Fully equipped dining property with commercial kitchen, furnishings, and seasonal outdoor service areas.

    View details
    Operating Restaurant with Real Estate
    Operating Restaurant with Real Estate

    137 N Front Street, Lake City, MI 49651

    $289,900
    1,400 sqft 0.25 AC lot

    The offering includes an operating restaurant, real estate, equipment, inventory, business assets, and an on-site shed.

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    Established Restaurant Business Opportunity
    Established Restaurant Business Opportunity

    81 N Morey Rd, Lake City, MI 49651

    $119,900
    510 sqft

    Profitable restaurant with high visibility location for sale.

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    Operating Restaurant with Real Estate
    Operating Restaurant with Real Estate

    Lake City, MI 49651

    $289,900
    1,400 sqft

    Established food-service operation includes the business, real estate, equipment, inventory, and an on-site shed.

    View details
    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 7 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 Restaurant and Lounge
    Waterfront Restaurant and Lounge

    4168 W Houghton Lake Drive, Houghton Lake, MI 48629

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

    Restaurant and entertainment property with multiple bars, lakefront seating, a commercial kitchen, dock, and sandy beach.

    View details
    Waterfront Restaurant and Lounge
    Waterfront Restaurant and Lounge

    4168 W Houghton Lake Drive, Houghton Lake, MI 48629

    $1,800,000
    8,420 sqft

    Commercial restaurant property with multiple bar areas, event space, lakefront seating, and direct recreational amenities.

    View details
    Commercial Kitchen Business
    Commercial Kitchen Business

    9052 E 13th Street, Cadillac, MI 49601

    $49,900
    990 sqft 0.10 AC lot

    Bakery operation with a drive-thru window, custom orders, and daily baked goods available for immediate purchase.

    View details
    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.

    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.

    Corner Commercial Land
    Corner Commercial Land

    Parcel A Plett Road, Cadillac, MI 49601

    $85,000
    0.70 AC lot

    Cleared, level commercial parcel along Plett Road with flexibility to remain standalone or combine with adjacent parcels.

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    Cleared Commercial Development Land
    Cleared Commercial Development Land

    900 S Mitchell St., Cadillac, MI 49601

    $249,000
    1.12 AC lot

    Cleared, level site with dual-street access and B-3 General Business zoning.

    View details
    Lakefront Conventional Restaurant
    Lakefront Conventional Restaurant

    2403 Sunnyside Drive, Cadillac, MI 49601

    $774,000
    5,136 sqft 3.00 AC lot

    Waterfront restaurant property with a seasonal deck, paved parking, and direct access to Lake Cadillac.

    View details
    Waterfront Restaurant Building
    Waterfront Restaurant Building

    2403 Sunnyside Drive, Cadillac, MI 49601

    $774,000
    5,136 sqft 3.00 AC lot

    Lakefront restaurant property with substantial interior space, paved parking, waterfront access, and a seasonal dining deck.

    View details

    Lake City, MI Restaurants Market Trends and Statistics

    Explore 7 restaurants for sale in Lake City, MI, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 11,042 square feet of properties for sale, with an estimated market value of $2,294,400.

    Sale prices for restaurant properties in Lake City, MI start at $119,900, averaging $327,771, 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 6
    Bars & Pubs 3
    Commercial kitchens 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 $321K

    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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