Restaurants

Petoskey, MI Restaurants for Sale

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Harbor Springs, MI Boyne Falls, MI Boyne City, MI Alanson, MI Charlevoix, MI East Jordan, MI Brutus, MI Pellston, MI
Breakfast and Lunch Restaurant
Updated: Jul 20
Breakfast and Lunch Restaurant

3890 Charlevoix Avenue, Petoskey, MI 49770

$99,000
2,150 sqft
2,150‑square‑foot restaurant property
Breakfast and lunch restaurant format
Commercial zoning
Wood‑frame construction with a metal roof
Forced‑air heating powered by natural gas
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Bayside Restaurant with Tavern License
Updated: May 31, 2024
Bayside Restaurant with Tavern License

3890 Charlevoix Avenue Unit: 290, Petoskey, MI 49770

$99,000
Well‑established restaurant in Petoskey/Bay Harbor offering breakfast and lunch
Tavern license available to future tenants with application to the State
Opportunity to expand with added dinner service or catering to grow revenue streams
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See what stands out in Emmet County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Petoskey, 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.

Restaurant and Bakery Business
Restaurant and Bakery Business

110 S Lake Street, Boyne City, MI 49712

$695,000
1,629 sqft 0.25 AC lot

Established food-service property with an equipped commercial kitchen and an operating bakery and creperie business.

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Gildas' Lake Street Bakery ForSale
Gildas' Lake Street Bakery ForSale

110 S Lake St, Boyne City, MI 49712

$695,000
0.25 AC lot

Turnkey bakery and creperie in Boyne City, Michigan.

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Restaurant with Upstairs Living Quarters
Restaurant with Upstairs Living Quarters

7515 S US 31 Highway, Alanson, MI 49706

$647,500
5,317 sqft

Restaurant property includes a bar, dining room, event room, and upstairs living quarters.

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Restaurant with Bar and Living Quarters
Restaurant with Bar and Living Quarters

7515 S U.S. 31 Highway, Alanson, MI 49706

$647,500
5,317 sqft

Established restaurant property with dining, bar, upstairs living space, basement storage, and updated kitchen infrastructure.

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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.

Commercial Land with Three-Road Frontage
Commercial Land with Three-Road Frontage

1518 & 1520 Bridge Street, Charlevoix, MI 49720

$795,000
2,900 sqft 1.50 AC lot

Three parcels include an existing residence and current occupancy by a security company.

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Commercial Land with Shared Access
Commercial Land with Shared Access

11758 - 2 US 31 Highway lot: Parcel E, Charlevoix, MI

$175,000
1.93 AC lot

Commercially zoned parcel with shared curb access, service road, and sewer, water, and natural gas available.

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Elmira Land Parcel on Woodward
Elmira Land Parcel on Woodward

V/L 1.6AC Woodward Avenue, Elmira, MI 49730

$63,900
1.60 AC lot

1.6-acre parcel with meadow and woods near M-32 Highway.

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Commercial Land with Interchange Frontage
Commercial Land with Interchange Frontage

VL Johnson Road, Gaylord, MI 49735

$150,000
0.64 AC lot

B-2-zoned commercial land positioned along a northbound I-75 off-ramp.

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Petoskey, MI Restaurants Market Trends and Statistics

Explore 2 restaurants for sale in Petoskey, MI on our real estate platform. These investment opportunities span a total of 2,150 square feet of properties for sale, with an estimated market value of $198,000.

Sale prices for restaurant properties in Petoskey, MI average $99,000 — 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 2
Breakfast & diners 1

Demographics Overview

Population 18K
Population Growth (5Y) +4.9%
Median Household Income $80,431
College Educated 68.9%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
49770 $106K

Taxes & Financing

Tax Rate (average for all types) 2.30%
Property Tax per SF $9.63 per SF
Tax Rate vs County Average 1.82 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Emmet County

New Delisted

Total CRE Inventory on Market (SF)

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