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1951 Indian Lake Rd 4,140 SF 100% Leased Retail Building National City, MI 48748 $494,999 ($119.56/SF) 7.98% Cap Rate
Investment Highlights
- Class C Liquor License
- Dine In / Walk-Up / Take-Out / Ice Cream Parlor
- Multiple Revenue Streams
- Fully Equipped / Recreational Hotspot
- Large Warehouse Attached
- Large Parking Areas & outdoor seating areas for ice cream parlor customers
Executive Summary
Business Opportunity: Multi-Concept Restaurant in National City, Michigan
Overview & Location:
• Opportunity Type: Turnkey full-service restaurant business
• Availability Date: March 2, 2026
• Location: National City, Michigan, nestled between seven inland lakes
• Accessibility: Situated on main roads; 10 miles west of Tawas City, attracting both locals and tourists
• Customer Base: Benefits from proximity to public lake access (boating, fishing, swimming) and seasonal visitors
Property & Facilities:
• Condition: Fully renovated in 2023 (new paint, windows, flooring, lighting, etc.) New owners can begin operations immediately
• Seating Capacity: Spacious dining room seats 65–70 patrons (1,188 sq ft)
• Parking: Ample parking available with 30+ spots
• Storage/Expansion: Includes a 1,300 sq ft warehouse with two 12' overhead doors (potential for conversion to a bar/patio area)
Key Features & Operations:
• Multiple Service Options: Dine-in, to-go, walk-up, and three dedicated curb-side service windows for efficiency
• Menu Versatility: Equipped for breakfast, lunch, dinner, pizza, café drinks, and ice cream sales
• Licenses: Includes a Class C License for alcohol sales
• Accessibility: ADA-compliant bathrooms
• Kitchen Amenities:
o Separate cook/prep area and automated dishwashing room
o Walk-in cooler and walk-in freezer
o Updated Ansul system and three separate cook hoods
o Efficient HVAC system (two AC units, 90% furnace)
Included Assets:
• All kitchen equipment, tables, chairs, tableware, and cookware are included in the sale
Growth & Expansion Potential:
• Extend operating hours to maximize market share
• Introduce bakery goods, specialty beverages, or soft-serve ice cream
• Convert warehouse space into an indoor/outdoor bar and entertainment area
Next Steps & Conditions:
• Financing: Cash or conventional financing options are available
• Support: Build-out support and coaching available for a smooth transition
• Confidentiality Note: Do not approach the current operator or employees directly regarding the sale
Overview & Location:
• Opportunity Type: Turnkey full-service restaurant business
• Availability Date: March 2, 2026
• Location: National City, Michigan, nestled between seven inland lakes
• Accessibility: Situated on main roads; 10 miles west of Tawas City, attracting both locals and tourists
• Customer Base: Benefits from proximity to public lake access (boating, fishing, swimming) and seasonal visitors
Property & Facilities:
• Condition: Fully renovated in 2023 (new paint, windows, flooring, lighting, etc.) New owners can begin operations immediately
• Seating Capacity: Spacious dining room seats 65–70 patrons (1,188 sq ft)
• Parking: Ample parking available with 30+ spots
• Storage/Expansion: Includes a 1,300 sq ft warehouse with two 12' overhead doors (potential for conversion to a bar/patio area)
Key Features & Operations:
• Multiple Service Options: Dine-in, to-go, walk-up, and three dedicated curb-side service windows for efficiency
• Menu Versatility: Equipped for breakfast, lunch, dinner, pizza, café drinks, and ice cream sales
• Licenses: Includes a Class C License for alcohol sales
• Accessibility: ADA-compliant bathrooms
• Kitchen Amenities:
o Separate cook/prep area and automated dishwashing room
o Walk-in cooler and walk-in freezer
o Updated Ansul system and three separate cook hoods
o Efficient HVAC system (two AC units, 90% furnace)
Included Assets:
• All kitchen equipment, tables, chairs, tableware, and cookware are included in the sale
Growth & Expansion Potential:
• Extend operating hours to maximize market share
• Introduce bakery goods, specialty beverages, or soft-serve ice cream
• Convert warehouse space into an indoor/outdoor bar and entertainment area
Next Steps & Conditions:
• Financing: Cash or conventional financing options are available
• Support: Build-out support and coaching available for a smooth transition
• Confidentiality Note: Do not approach the current operator or employees directly regarding the sale
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,140 SF
Building Class
C
Year Built/Renovated
1974/2023
Price
$494,999
Price Per SF
$119.56
Cap Rate
7.98%
NOI
$39,520
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.57 AC
Zoning
C-1 - Commercial
Parking
33 Spaces (7.97 Spaces per 1,000 SF Leased)
Frontage
78’ on Indian Lake Rd
Amenities
- Wheelchair Accessible
- Air Conditioning
- Fiber Optic Internet
Property Taxes
| Parcel Number | 051-S50-000-016-01 | Improvements Assessment | $0 |
| Land Assessment | $60,600 | Total Assessment | $60,600 |
Property Taxes
Parcel Number
051-S50-000-016-01
Land Assessment
$60,600
Improvements Assessment
$0
Total Assessment
$60,600
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