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    Carp Lake, MI
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    Carp Lake, MI Retail Properties & Spaces for Sale

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    Levering, MI Mackinaw City, MI Cheboygan, MI
    Waterfront Restaurant & Ice Cream Parlor
    Updated: Feb 12, 2025
    Waterfront Restaurant & Ice Cream Parlor

    6492 Paradise Trail, Carp Lake, MI 49718

    $599,000
    5,193 sqft
    Prime waterfront location with breathtaking views in Carp Lake, MI
    Well‑established and thriving restaurant with a strong, loyal customer base
    Includes a charming ice cream parlor, adding to its appeal
    Turn‑key business with a fully staffed team in place for a smooth transition
    Owner financing is available to the right buyer
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    This listing looks promising.

    Here's a quick look at some key insights for

    6492 Paradise Trail, Carp Lake, MI 49718

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    • Est. Cap Rate

      7.3%
      Above avg (5.9%)

    • Est. NOI

      $44K
      Annual

    • Price @ 7% Cap

      $628K
      Above asking

    • Last Sold

      Mar 2018
      $60K
    View Property Analytics
    Retail Storefront with Highway Visibility
    Updated: Apr 12
    Retail Storefront with Highway Visibility

    6420 & 6406 E Gill Road, Carp Lake, MI 49718

    $650,000
    2,400 sqft
    Package includes the Carp Lake General Store building (approx. 2,400 SF) plus an adjacent parcel with a renovated rental cabin and historic barn.
    Direct access to the snowmobile trail and highway visibility for the store building, with designed retail use for a market, convenience store, cafe, or similar venture.
    Zoned B‑2, offering flexibility for a variety of commercial and mixed‑use opportunities.
    Rental cabin on adjacent parcel is recently renovated and comes equipped for 1–2 occupants with a mini‑split and essential amenities.
    Home to Wood Frame construction; roof is shingle; heating includes natural gas, baseboard, wood, and electric (heating).
    View details
    Waterfront Restaurant & Ice Cream Parlor
    Waterfront Restaurant & Ice Cream Parlor

    6492 Paradise Trail, Carp Lake, MI 49718

    $599,000
    5,193 sqft

    Established restaurant and ice cream parlor in Carp Lake, Michigan.

    View details
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 3 Active listings in Carp Lake, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

    Thriving Marina on US-31
    Thriving Marina on US-31

    3859 US-31, Brutus, MI 49716

    $2,800,000
    37,420 sqft · 1.88 AC lot

    Northern Michigan marina with indoor storage and retail space.

    View details
    Northern Michigan Marina with Indoor Storage
    Northern Michigan Marina with Indoor Storage

    3859 US-31, Brutus, MI 49716

    $2,800,000
    31,540 sqft · 13.90 AC lot

    For sale marina property with substantial indoor storage and retail sales space on US-31 in Brutus, MI.

    View details
    Versatile Industrial Buildings on Large Lot
    Versatile Industrial Buildings on Large Lot

    399 Myrton M Riggs Drive, Cheboygan, MI 49721

    $799,000
    13,000 sqft · 9.84 AC lot

    Two new industrial buildings on nearly 10 acres in Cheboygan.

    View details
    Cheboygan Commercial Property on 25+ Acres
    Cheboygan Commercial Property on 25+ Acres

    1985 E Levering, Cheboygan, MI 49721

    $475,000
    25.54 AC lot

    Commercial property with office, storage, garage, outbuildings, and home.

    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 in High Traffic Area
    Commercial Land in High Traffic Area

    10351 N Straits Highway, Cheboygan, MI 49721

    $275,000
    9.87 AC lot

    9.87 acre commercial land in Cheboygan, Inverness sewer system.

    View details
    Commercial Land in High Traffic Area
    Commercial Land in High Traffic Area

    10351 N Straits Highway, Cheboygan, MI 49721

    $147,500
    1.50 AC lot

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

    View details
    Commercial Land in High Traffic Area
    Commercial Land in High Traffic Area

    10351 N Straits Highway, Cheboygan, MI 49721

    $275,000
    9.87 AC lot

    Prime commercial land with utilities and high traffic location.

    View details
    Cheboygan Commercial Development Land
    Cheboygan Commercial Development Land

    V/L 55-+AC E State Street, Cheboygan, MI 49721

    $120,000
    56.56 AC lot

    55-acre commercial development parcel for sale in Cheboygan, Michigan.

    View details

    Off-Market Properties in Carp Lake, MI

    Consider similar Off-Market properties in Carp Lake, 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.

    9494 Reed Rd
    SHOW ROOM, WAREHOUSE

    9494 Reed Rd, Carp Lake, MI 49718-9735

    Value Estimation by Request
    View details

    Carp Lake, MI Retail Properties & Spaces Market Trends and Statistics

    Explore 4 retail properties & spaces for sale in Carp Lake, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 12,786 square feet of properties for sale, with an estimated market value of $1,848,000.

    Sale prices for stores in Carp Lake, MI start at $599,000, averaging $616,000, and reaching up to $650,000 — 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

    Grocery and convenience stores 3
    Storefront properties 1

    Demographics Overview

    Population 622
    Population Growth (5Y) -9.3%
    Median Household Income $44,712
    College Educated 33.7%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49718 $616K

    Taxes & Financing

    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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