Rapid River, MI Restaurants for sale

Updated: Apr 22

Historic Inn with Bar and Dining

10468 S Main Street, Rapid River, MI 49878

$299,900

3,938 sqft 0.26 AC lot

Established Business with Over 100 Years of Operation: An iconic business in the heart of Rapid River.
Turn‑Key Operation: Includes a full bar, dining area, kitchen, public bathrooms, stock, tables, and chairs (excluding liquor).
Favorable Reputation: Known for "Best Fish Fry in the U.P." and a one‑of‑a‑kind salad bar.
Income Potential: Apartments upstairs can be remodeled for on‑site living or additional income.
Licenses Included: Comes with a Class C Liquor license and Michigan Lottery Retailer license.

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This listing looks promising.

Here's a quick look at some key insights for

10468 S Main Street, Rapid River, MI 49878

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Est. Cap Rate

5.1%
NOI ÷ price
Est. NOI

$15K
Annual
Price @ 7% Cap

$216K
Suggested
Last Sold

Apr 2007
$33K

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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Rapid River, 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.

Mixed-Use Building with Apartment

201 S Cedar Street, Manistique, MI 49854

$205,000

3,360 sqft

Commercial space with a full kitchen and upstairs residential quarters.

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Bar with Fenced Outdoor Patio

1530 Sheridan Road, Escanaba, MI 49829

$249,000

2,300 sqft 0.28 AC lot

Well-maintained north side bar on a commercial-zoned lot with ample parking, seating for up to 112, and a fenced patio.

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Bar and Outdoor Patio

1530 Sheridan Road Unit SourceFi, Escanaba, MI 49829

$249,000

2,300 sqft 0.28 AC lot

Turnkey bar with seating for up to 112, fenced 34x34 outdoor patio, and multiple entertainment and tap systems included.

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Bar and Restaurant with Gas Pumps

1263 M149 Highway, Manistique, MI 49854

$415,000

4,000 sqft 21.82 AC lot

Restaurant and tavern with outdoor dining and direct access to Trail 7 in Manistique, Michigan.

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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.

Prime Land in Rapid River

7683 US2 Highway, Rapid River, MI 49878

$49,900

1.97 AC lot

Commercial land with high traffic exposure in Rapid River, MI.

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Commercial Land on Highway 2

737 E Lakeshore Drive, Manistique, MI 49854

$450,000

0.97 AC lot

Prime vacant lot in high-traffic commercial area.

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Manistique Commercial Land For Sale

6838 W US2 Highway, Manistique, MI 49854

$350,000

14.34 AC lot

Vacant land with highway frontage near Lake Michigan.

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Prime Commercial Land in Negaunee

362-368 E US41/M28 Highway, Negaunee, MI 49866

$2,495,000

5.00 AC lot

High-exposure commercial land on US Highway 41/28 in Negaunee.

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Rapid River, MI Restaurants Market Trends and Statistics

Explore 1 restaurants for sale in Rapid River, MI on our real estate platform. These investment opportunities span a total of 3,938 square feet of properties for sale, with an estimated market value of $299,900.

Sale prices for restaurant properties in Rapid River, MI average $299,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
49878	$299.9K

Neighborhood

Average Price

49878

$299.9K

Rapid River, MI Restaurants for Sale

10468 S Main Street, Rapid River, MI 49878