Add Listing
    Petoskey, MI
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Property Types
    1
    • Retail
    • Office
    • Residential Income
    • Restaurants
    • Industrial
    • Mixed-Use
    • Hospitality
    • Health Care
    • Sports & Entertainment
    • Land
    • Agricultural
    • Specialty
    Price
    Price
    $
    $

    Petoskey, MI Restaurants for Sale

    Notify Me
    List
    Map
    Harbor Springs, MI Boyne City, MI Alanson, MI
    Established Restaurant in Petoskey, MI
    $120,000
    2,150 SF
    Established Restaurant in Petoskey, MI

    3890 Charlevoix, Petoskey, MI 49770

    Well-established restaurant with growth potential in Petoskey/Bay Harbor, Michigan.
    • Well‑established restaurant with a strong reputation for breakfast and lunch.
    • Significant growth potential through the addition of dinner or catering services.
    • Tavern license available with application.
    • Includes essential restaurant features: Exhaust Fan, Patio/Deck, Ample Parking.
    • Located in the desirable Petoskey/Bay Harbor area.
    Updated: Jan 5
    View details
    Commercial Building in Petoskey, MI
    $449,900
    3,800 SF
    Commercial Building in Petoskey, MI

    403 Madison St, Petoskey, MI

    Commercial building with dining hall, kitchen, and parking.
    • Commercial Zoning (RM‑2) offers endless possibilities.
    • Large finished area of over 3800 sq ft provides ample space.
    • Includes a full kitchen and dining hall, suitable for food service or events.
    • Conveniently located just one block off US 31 in Petoskey.
    • Features three bathrooms for convenience.
    Updated: May 15, 2024
    View details
    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.

    Turn-Key Restaurant with Living Quarters
    $699,000
    5,317 SF
    Turn-Key Restaurant with Living Quarters

    Fully equipped restaurant with living space and expansion potential.

    7515 S US 31, Alanson, MI 49706

    View details
    Turn-Key Restaurant with Living Quarters
    $699,000
    5,317 SF
    Turn-Key Restaurant with Living Quarters

    Fully equipped restaurant with living space and expansion potential.

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

    View details
    Turnkey Restaurant in Downtown Charlevoix
    $55,000
    1,007 SF
    Turnkey Restaurant in Downtown Charlevoix

    Profitable restaurant business for sale in high-traffic downtown location.

    311 Bridge Street, Charlevoix, MI 49720

    View details
    Commercial Property Near Airport Entrance
    $795,000
    2,900 SF
    Commercial Property Near Airport Entrance

    Commercial property with frontage on three roads, ideal for drive-through.

    1518 & 1520 Bridge, Charlevoix, MI 49720

    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.

    Commercial Land Near Charlevoix
    $175,000
    1.93 Acres
    Commercial Land Near Charlevoix

    Vacant commercial parcel on US 31 ready to build.

    11758 - 2 US 31, Charlevoix, MI 49720

    View details
    Elmira Land Parcel on Woodward
    $63,900
    1.60 Acres
    Elmira Land Parcel on Woodward

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

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

    View details
    Commercial Land in Gaylord, MI
    $215,000
    4.11 Acres
    Commercial Land in Gaylord, MI

    4+ acre commercial land parcel zoned B3 with I75 exposure.

    Five Lakes, Gaylord, MI 49735

    View details
    Commercial Land in High Traffic Area
    $147,500
    1.50 Acres
    Commercial Land in High Traffic Area

    Commercial land in a high-traffic area with utilities available.

    10351 N Straits Highway, Cheboygan, MI 49721

    View details

    Petoskey, MI Restaurants Investment Opportunities Market Analysis

    Explore 2 restaurants for sale in Petoskey, MI on our real estate platform. These investment opportunities span a total of 5,950 square feet of properties for sale, with an estimated market value of $569,900.

    Sale prices for restaurant properties in Petoskey, MI start at $120,000, averaging $284,950, and reaching up to $449,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Turn key restaurants 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 median listing prices of real estate assets

    Neighborhood Average Price
    49770 $120K

    Taxes & Financing

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

    Listings Trend

    Total CRE Area on Market Trend

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Browse Restaurants for Sale Near Petoskey, MI

    Popular Searches in Petoskey, MI

    Popular Categories

    Most Searched ZIP Codes in Petoskey, MI

    • 49770

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!