Empire MI Commercial for Sale
$2,995,000
10235 W Front Empire, MI 49630
- Type:
- Business Opportunities
- Sq.Ft.:
- 8,247
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.1 Acres
- Year built:
- 1946
- Baths:
- MLS#:
- 80017607
- Subdivision:
- MHG Holdings LLC
ADDITIONAL INFORMATION
Here's your chance to own and operate the only two full-service restaurants, Joe's Friendly Tavern and the Empire Village Inn, located in the beautiful beach town of Empire, Michigan. Both establishments have a long history, with loyal customers made up of year-round and seasonal residents and summer visitors, and produce strong, consistent revenues and cash flow. The Friendly Tavern has 100 indoor seats and an additional 90 seats on a newly constructed patio. The Village Inn has 90 seats inside with additional room outside. All business assets, Class C & SDM liquor licenses, and real estate are included in the sale. The Leelanau County location in the heart of the Sleeping Bear Dunes National Lakeshore attracts well over a million visitors each year and there is opportunity to further enhance the businesses to meet the demand of the growing visitor numbers.
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Empire Real Estate
The median home value in Empire, MI is $744,000. This is higher than the county median home value of $500,100. The national median home value is $338,100. The average price of homes sold in Empire, MI is $744,000. Approximately 36.23% of Empire homes are owned, compared to 12.75% rented, while 51.01% are vacant. Empire real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Empire real estate agent to arrange a tour today!
Empire, Michigan has a population of 362. Empire is less family-centric than the surrounding county with 18% of the households containing married families with children. The county average for households married with children is 21.28%.
The median household income in Empire, Michigan is $60,781. The median household income for the surrounding county is $72,709 compared to the national median of $69,021. The median age of people living in Empire is 59.7 years.
Empire Weather
The average high temperature in July is 78.9 degrees, with an average low temperature in January of 17.8 degrees. The average rainfall is approximately 33.7 inches per year, with 119.9 inches of snow per year.