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    Manistique, MI
    Restaurants

    Manistique, MI Restaurants for Sale

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    Thompson, MI Gulliver, MI Garden, MI Germfask, MI Rapid River, MI Nahma, MI
    Historic Restaurant with Outdoor Dining
    Updated: May 12, 2025
    Historic Restaurant with Outdoor Dining

    1263 M149 Highway, Manistique, MI 49854

    $415,000
    4,000 sqft 21.82 AC lot
    4,000‑square‑foot restaurant property on 21.82 acres
    Built in 1940 with outdoor dining and patio areas
    Transferable Michigan Original 550 Resort Liquor License
    Direct access to Trail 7
    Up to 26 beers on tap and on‑site gas pumps
    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 18 Potential Opportunities for your consideration. Besides 1 Active listings in Manistique, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 11 Off-Market properties to explore as potential leads, 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.

    Renovated Downtown Bar & Pub
    Renovated Downtown Bar & Pub

    1117 Ludington Street, Escanaba, MI 49829

    $530,000
    2,164 sqft 0.08 AC lot

    Operating venue with updated interiors, basement storage, and an unfinished upstairs apartment.

    View details
    Restaurant Building with Outdoor Deck
    Restaurant Building with Outdoor Deck

    209 E Superior Street, Munising, MI 49862

    $399,000
    1,300 sqft 0.15 AC lot

    Established restaurant property with private lower-level living quarters and additional concrete side yard.

    View details
    Renovated Pub with Apartment
    Renovated Pub with Apartment

    1117 Ludington St, Escanaba, MI 49829

    Contact for pricing
    2,000 sqft

    Operating pub with updated restrooms, basement storage, owned pool tables, and an unfinished upstairs apartment area.

    View details
    Turn-Key Coffee Shop & Building
    Turn-Key Coffee Shop & Building

    319 E Superior Street, Munising, MI 49862

    $1,100,000

    Turn-key downtown coffee shop opportunity on a 50x142 lot with a custom-built commercial building and equipment included.

    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.

    Paved Commercial Land
    Paved Commercial Land

    737 E Lakeshore Drive, Manistique, MI 49854

    $450,000
    0.97 AC lot

    Level commercial land with utility access and nearby retail anchors in Manistique’s east-side commercial district.

    View details
    Zoned Commercial Land
    Zoned Commercial Land

    7683 US2 Highway, Rapid River, MI 49878

    $49,900
    1.97 AC lot

    Commercial District 2 zoning fronts US2 Highway in Rapid River, with wastewater infrastructure passing nearby.

    View details

    Off-Market Properties in Manistique, MI

    Consider similar Off-Market properties in Manistique, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    6788 Lakeshore Dr
    RESTAURANT

    6788 Lakeshore Dr, Manistique, MI 49854

    Estimated value: by Request
    2,550 sqft 0.95 AC lot
    View details
    370 Lakeshore Dr
    DRIVE-THRU RESTAURANT, FAST FOOD

    370 Lakeshore Dr, Manistique, MI 49854-1418

    Estimated value:
    $270,000
    1,404 sqft
    View details
    1263 State Hwy M149
    BAR, TAVERN

    1263 State Hwy M149, Manistique, MI 49854

    Estimated value:
    $305,000
    5,055 sqft 21.82 AC lot
    View details
    9257 State Hwy M149
    BAR, TAVERN

    9257 State Hwy M149, Manistique, MI 49854

    Estimated value:
    $310,000
    3,965 sqft 1.00 AC lot
    View details
    607 Lakeshore Dr
    RESTAURANT

    607 Lakeshore Dr, Manistique, MI 49854-1679

    Estimated value:
    $480,000
    7,574 sqft
    View details
    220 Cedar St
    RESTAURANT

    220 Cedar St, Manistique, MI 49854-1426

    Estimated value:
    $290,000
    2,184 sqft 0.06 AC lot
    View details
    242 Cedar St
    BAR, TAVERN

    242 Cedar St, Manistique, MI 49854-1426

    Estimated value:
    $320,000
    4,420 sqft
    View details
    204 Cedar St
    BAR, TAVERN

    204 Cedar St, Manistique, MI 49854-1426

    Estimated value: by Request
    1,564 sqft 0.04 AC lot
    View details
    8891 Boot Lk Rd
    BAR, TAVERN

    8891 Boot Lk Rd, Manistique, MI 49854

    Estimated value:
    $295,000
    4,635 sqft 75,358.00 AC lot
    View details
    8905 Boot Lk Rd
    BAR, TAVERN

    8905 Boot Lk Rd, Manistique, MI 49854

    Estimated value:
    $295,000
    2,496 sqft 30.02 AC lot
    View details
    9264 Us Hwy 2nd 2
    TAKE-OUT RESTAURANT

    9264 Us Hwy 2nd 2, Manistique, MI 49854

    Estimated value:
    $300,000
    1,320 sqft 0.84 AC lot
    View details

    Manistique, MI Restaurants Market Trends and Statistics

    Explore 12 restaurants for sale in Manistique, MI on our real estate platform. These investment opportunities span a total of 4,000 square feet of properties for sale, with an estimated market value of $415,000.

    Sale prices for restaurant properties in Manistique, MI average $415,000 — 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

    Bars & Pubs 1
    Conventional restaurants 1

    Demographics Overview

    Population 6,148
    Population Growth (5Y) -0.7%
    Median Household Income $57,212
    College Educated 27.9%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49854 $415K

    Taxes & Financing

    Tax Rate (average for all types) 4.41%
    Property Tax per SF $81.50 per SF
    Tax Rate vs County Average 0.84 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Schoolcraft County

    New Delisted

    Total CRE Inventory on Market (SF)

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