1951 Indian Lake Rd 4,140 SF Vacant Retail Building National City, MI 48748 $494,999 ($119.56/SF) 7.98% Cap Rate

Turnkey Restaurant, Pizza Takeout & Ice Cream Shop Near Northern Michigan Lakes
Now offering $25,000 back at closing!
Rare opportunity to own a fully renovated 4,100+ square foot restaurant and hospitality property located in the heart of Northern Michigan’s recreation corridor in National City. Surrounded by lakes, campgrounds, ORV trails, and year-round tourism, this property offers a unique multi-revenue concept ideal for owner-operators or hospitality investors.
The building features a spacious dining area with seating for approximately 65–70 guests, a fully equipped commercial kitchen, and a newly renovated ice cream and take-out service area designed to capture high-traffic seasonal demand.
A dedicated 150 sq ft walk-up service area with three take-out windows allows customers to order and pick up food or ice cream without entering the dining room. The setup is perfect for online ordering pickup, walk-up ice cream sales, and quick-service food such as pizza, burgers, and take-out meals, making it ideal for busy summer tourism and outdoor recreation traffic.
This flexible layout allows the property to operate as multiple concepts under one roof, including:
• Full-service restaurant or supper club
• Pizza and takeout operation
• Ice cream or dessert shop
• Bar & grill or brewery taproom
• Seasonal tourist destination restaurant
• Catering
Additional space on the property provides room for storage, prep, or future expansion depending on the buyer’s vision.
Located just minutes from the shoreline of Lake Huron and surrounded by the natural beauty and outdoor recreation of Huron National Forest and 7 inland lakes within a 3-mile radius. The property benefits from steady traffic generated by boaters, anglers, campers, snowmobilers, and ORV riders throughout the year.
With its turnkey kitchen, flexible layout, and multiple revenue streams, this property is well positioned for a variety of hospitality concepts and offers a rare chance to own a destination restaurant in one of Northern Michigan’s popular recreation regions.
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Property Highlights
• 4,100+ sq ft restaurant building
• Seating for approximately 65–70 guests
• Fully equipped commercial kitchen
• Newly built ice cream / take-out service area
• Three walk-up service windows for online orders and takeout
• Ideal for pizza, ice cream, and quick-service concepts
• Ample parking and roadside visibility
• Located near multiple lakes, campgrounds, and ORV trails
• Strong seasonal tourism traffic
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Ideal For
• Owner-operator restaurant concept
• Bar & grill or supper club
• Pizza and ice cream destination
• Brewery taproom or casual dining concept
• Hospitality investor seeking a Northern Michigan tourism property
Included Assets:
• All kitchen equipment, tables, chairs, tableware, and cookware are included in the sale, as well as Class C liquor license.
Growth & Expansion Potential:
• Extend operating hours to maximize market share
• Introduce bakery goods, specialty beverages, or soft-serve ice cream, catering
• Convert warehouse space into an indoor/outdoor bar and entertainment area
Next Steps & Conditions:
• Financing: Cash or conventional, seller financing options are available. Seller is offering a $25,000 credit at closing to buyer!
• 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