Restaurants

Riverdale, MI Restaurants for Sale

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Elm Hall, MI Elwell, MI Vestaburg, MI Alma, MI Edmore, MI Crystal, MI Mt Pleasant, MI Saint Louis, MI
Restaurant Tavern with Outdoor Bar
Updated: Feb 26
Restaurant Tavern with Outdoor Bar

6681 N Lumberjack Road, Riverdale, MI 48877

$399,000
6,560 sqft 0.37 AC lot
Restaurant/tavern with over 4,000 sq. ft. on the main level
Additional space above the tavern with over 2,000 sq. ft. for potential rentals
In 2024, owners added a new outdoor bar and fencing; a tent is included in the sale
Septic system recently updated; Generac generator added in 2025
Includes Class C Sunday Sales license and a non‑transferrable lottery license
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Historic Tavern with Award-Winning Fish
Updated: Apr 26
Historic Tavern with Award-Winning Fish

Riverdale, MI 48877

$399,900
4,000 sqft
Award‑winning fish fry business with proven success (2025 & 2026 awards).
Turnkey restaurant/tavern with all existing equipment included.
Substantial square footage: Over 4,000 sq. ft. on the main level with an additional 2,000+ sq. ft. of rental potential upstairs.
New outdoor bar and fencing added in 2024, including a tent for events.
Updated septic system and Generac generator installed in 2025.
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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Riverdale, 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.

Freestanding Quick-Service Restaurant
Freestanding Quick-Service Restaurant

1490 Wright Ave, Alma, MI 48801

$780,771
3,043 sqft 0.73 AC lot

Freestanding KFC secured by a long-term 20-year NNN lease with tenant responsibility for taxes, insurance, and maintenance.

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Turn-Key Pizza Restaurant Opportunity
Turn-Key Pizza Restaurant Opportunity

210 W Lake Street, Crystal, MI 48818

$280,000
3,600 sqft 0.17 AC lot

Fully equipped pizza restaurant in Crystal, Michigan, near Crystal Lake.

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Turn-Key Bar and Restaurant
Turn-Key Bar and Restaurant

308 N State Street, Alma, MI 48801

$200,000
1,220 sqft 0.09 AC lot

Fully equipped bar, updated seating, and entertainment space with street and rear parking for owner-operator continuity.

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Turn-Key Pizza Restaurant
Turn-Key Pizza Restaurant

210 W Lake Street, Crystal, MI 48818

Contact for pricing
3,600 sqft

Turn-key, fully equipped pizza restaurant with newer roof and major equipment updates, plus an additional suited outbuilding.

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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.

Commercially Zoned Corner Land
Commercially Zoned Corner Land

7900,7990,7996 N Alger Road, Alma, MI 48801

$2,100,000
8.00 AC lot

Large commercial parcel with utilities on site and strong expressway visibility for restaurant, lodging, and complementary uses.

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Commercial Land in Downtown Alma
Commercial Land in Downtown Alma

323 W Superior St, Alma, MI 48801

$750,000
1.30 AC lot

1.3 acres of commercial land near Alma College.

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Build-Ready Double Commercial Lot
Build-Ready Double Commercial Lot

Saint Louis, MI 48880

$50,000
0.51 AC lot

Build-ready commercial lot with easy access and parking/outdoor flexibility, formerly associated with Tony's Restaurant.

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Commercial Land in Union Twp
Commercial Land in Union Twp

Mount Pleasant, MI 48858

$149,900
1.36 AC lot

1.36 acres of commercial land in Union Township, Michigan.

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Riverdale, MI Restaurants Market Trends and Statistics

Explore 2 restaurants for sale in Riverdale, MI on our real estate platform. These investment opportunities span a total of 10,560 square feet of properties for sale, with an estimated market value of $798,900.

Sale prices for restaurant properties in Riverdale, MI start at $399,000, averaging $399,450, and reaching up to $399,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Bars & Pubs 2
Conventional restaurants 1

Demographics Overview

Population 2,078
Population Growth (5Y) -11.4%
Median Household Income $57,222
College Educated 12.1%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
48877 $399.9K

Taxes & Financing

Tax Rate (average for all types) 4.00%
Tax Rate vs County Average 0.04 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Gratiot County

New Delisted

Total CRE Inventory on Market (SF)

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