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    Otsego, MI
    Restaurants

    Otsego, MI Restaurants for Sale

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    Plainwell, MI Allegan, MI Kalamazoo, MI Martin, MI Portage, MI Michigan Center, MI Oshtemo, MI Mattawan, MI
    Renovated Mixed-Use Storefront
    Updated: Dec 15, 2025
    Renovated Mixed-Use Storefront

    113 N Farmer Street, Otsego, MI 49078

    $425,000
    3,420 sqft
    Restaurant space with seating for 65‑70 guests
    Full kitchen and FF&E included with the real estate
    900‑square‑foot, two‑bedroom apartment on the second floor
    Apartment remodeled in 2022 with one bath
    Renovated and restored storefront originally built in 1900
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    This listing looks promising.

    Here's a quick look at some key insights for

    113 N Farmer Street, Otsego, MI 49078

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    • Est. Cap Rate

      9%
      Above avg (5.9%)

    • Est. NOI

      $38K
      Annual

    • Mortgage

      $132K
      Jan 2020
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    Turn-Key Concert Venue and Brewery
    Updated: Dec 3, 2025
    Turn-Key Concert Venue and Brewery

    117 E Allegan Street, Otsego, MI 49078

    $1,283,000
    7,148 sqft 0.33 AC lot
    Sale includes real estate, FF&E, a 16‑stall bathroom trailer, brewery, and a Class C liquor license with four serving locations
    Concert venue setup with two stages, plus a large hospitality suite and office space
    Restaurant includes 69 taps in three keg coolers for beer service
    Seating for over 200 guests inside and up to 1,200 people in the outdoor space
    Brick construction with forced air heating and central air cooling; year built 1950
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    Turn-Key Restaurant & Brewery Venue
    Turn-Key Restaurant & Brewery Venue

    117 - 133 E Allegan Street, Otsego, MI 49078

    $1,283,000
    7,148 sqft 0.05 AC lot

    For sale in Otsego, MI, including real estate, FF&E, a brewery, and a Class C liquor license with four serving locations.

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    Turnkey Restaurant with Seating
    Turnkey Restaurant with Seating

    113 N Farmer Street, Otsego, MI 49078

    $425,000
    3,420 sqft

    Turnkey restaurant with a full kitchen, seating for 65–70, and a nearby city parking lot close to entrances.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Concert Venue with Brewery Operations
    Concert Venue with Brewery Operations

    117 - 133 E Allegan Street, Otsego, MI 49078

    $1,283,000

    Turn-key concert venue with two stages, indoor seating for 200+, outdoor space for 1,200, and brewery/restaurant operations.

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    Based on your search, we've compiled 27 Potential Opportunities for your consideration. Besides 5 Active listings in Otsego, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 14 Off-Market properties to explore as potential leads, 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.

    Iconic Restaurant and Banquet Venue
    Iconic Restaurant and Banquet Venue

    1071 32nd Street, Allegan, MI 49010

    $2,900,000
    35,880 sqft 22.30 AC lot

    Turnkey restaurant and banquet venue on 22.3 acres.

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    Historic Restaurant with Banquet Space
    Historic Restaurant with Banquet Space

    Allegan, MI 49010

    $2,900,000
    35,880 sqft 22.30 AC lot

    The property combines a steakhouse operation with an adjacent setting for weddings, community gatherings, and catering events.

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    Diner With Pole Barn
    Diner With Pole Barn

    938 Doster Road, Plainwell, MI 49080

    $399,900
    3,450 sqft 3.06 AC lot

    Established diner includes kitchen equipment and a separate pole barn with additional commercial utility.

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    Renovated Restaurant Building
    Renovated Restaurant Building

    118 E Bridge St, Plainwell, MI 49080

    Contact for pricing

    Extensively renovated downtown restaurant building previously used as a bakery, with ample on-site parking; equipment not included.

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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.

    Redevelopment Opportunity in Allegan, MI
    Redevelopment Opportunity in Allegan, MI

    919 Marshall Street, Allegan, MI 49010

    $450,000
    0.57 AC lot

    Prime commercial land available for sale, lease, or build-to-suit.

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    Redevelopment Property Ready For Lease
    Redevelopment Property Ready For Lease

    919 Marshall St, Allegan, MI 49010

    $450,000

    Prime commercial land available for sale, lease, or build-to-suit.

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    Urban Nature Recreation Land
    Urban Nature Recreation Land

    426 E Michigan Avenue, Kalamazoo, MI 49007

    $200,000
    4.10 AC lot

    Vacant parcel with parking, a walking trail, native plantings, and a bridge to wetlands.

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    Commercial Lot on Westnedge Avenue
    Commercial Lot on Westnedge Avenue

    1813 S Westnedge Avenue, Kalamazoo, MI 49008

    Contact for pricing
    0.17 AC lot

    Vacant commercial lot on high-traffic Westnedge Avenue in Kalamazoo.

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    Off-Market Properties in Otsego, MI

    Consider similar Off-Market properties in Otsego, 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.

    1420 M 89
    RESTAURANT

    1420 M 89, Otsego, MI 49078-9301

    $210,000
    Estimated value
    2,928 sqft 0.94 AC lot
    View details
    541 Allegan St
    DRIVE-THRU RESTAURANT, FAST FOOD

    541 Allegan St, Otsego, MI 49078-1015

    $30,000
    Estimated value
    400 sqft 0.15 AC lot
    View details
    100 Allegan St
    RESTAURANT

    100 Allegan St, Otsego, MI 49078-1144

    $100,000
    Estimated value
    1,794 sqft 0.04 AC lot
    View details
    1369 M 89
    DRIVE-THRU RESTAURANT, FAST FOOD

    1369 M 89, Otsego, MI 49078-9301

    $1,795,000
    Estimated value
    4,336 sqft 1.84 AC lot
    View details
    129 Allegan St
    RESTAURANT

    129 Allegan St, Otsego, MI 49078-1101

    $110,000
    Estimated value
    848 sqft 0.12 AC lot
    View details
    204 Allegan St
    RESTAURANT

    204 Allegan St, Otsego, MI 49078-1104

    $300,000
    Estimated value
    2,089 sqft 0.20 AC lot
    View details
    108 Allegan St
    RESTAURANT

    108 Allegan St, Otsego, MI 49078-1102

    $310,000
    Estimated value
    3,276 sqft 0.10 AC lot
    View details
    1215 M 89
    DRIVE-THRU RESTAURANT, FAST FOOD

    1215 M 89, Otsego, MI 49078

    $385,000
    Estimated value
    3,288 sqft 1.24 AC lot
    View details
    117 Allegan St
    RESTAURANT

    117 Allegan St, Otsego, MI 49078-1101

    $315,000
    Estimated value
    2,160 sqft 0.05 AC lot
    View details
    119 Allegan St
    RESTAURANT

    119 Allegan St, Otsego, MI 49078

    $320,000
    Estimated value
    2,880 sqft 0.07 AC lot
    View details
    232 Allegan St
    RESTAURANT

    232 Allegan St, Otsego, MI 49078-1139

    $340,000
    Estimated value
    5,190 sqft 3.53 AC lot
    View details
    1340 M-89
    Restaurants

    1340 M-89, Otsego, MI 49078

    Value Estimation by Request
    4.60 AC lot
    View details
    1310 M 89
    DRIVE-THRU RESTAURANT, FAST FOOD

    1310 M 89, Otsego, MI 49078

    $310,000
    Estimated value
    2,196 sqft 1.19 AC lot
    View details
    1443 M 89
    RESTAURANT

    1443 M 89, Otsego, MI 49078-9301

    $135,000
    Estimated value
    772 sqft 0.72 AC lot
    View details

    Otsego, MI Restaurants Market Trends and Statistics

    Explore 19 restaurants for sale in Otsego, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 21,136 square feet of properties for sale, with an estimated market value of $4,699,000.

    Sale prices for restaurant properties in Otsego, MI start at $425,000, averaging $939,800, and reaching up to $1,283,000 — 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 5
    Bars & Pubs 1

    Demographics Overview

    Population 10K
    Population Growth (5Y) +13.4%
    Median Household Income $77,517
    College Educated 25.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49078 $969K

    Taxes & Financing

    Tax Rate (average for all types) 3.72%
    Property Tax per SF $79.14 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Allegan County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Allegan County

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