7515 S U.S. 31 Highway, Alanson, MI 49706
T35N, R4W · Emmet County
Key Facts
Description
BOBS PLACE! Own a piece of Northern Michigan's history with this turn-key restaurant near the Crooked River, featuring exceptional highway visibility with an average of 15,300 cars passing daily! This fully equipped establishment includes a complete bar area, spacious dining room, and a back room to host parties, plus living quarters upstairs--perfect for owner occupancy or staff housing, along with basement storage. Recent upgrades include newer furnace and AC unit (including air-conditioned kitchen) electrical system upgrades and newer kitchen equipment. The sale includes a Resort Liquor License, two additional lots to expand with outdoor seating or parking. Walk in and start serving--all the hard work is done! Seller financing available. Inventory included.
Property Information
Property Type
Commercial Sale
Sub-Type
Industrial
Living Area
5,317 sq ft
Lot Dimensions
3 parcels
Zoning
B-1
MLS® Listing#
201840394
Property Features
Interior
Heating
Basement
Parking
Construction
Foundation
Sewer
Water Source
Financial Details
Parcel Number
41-17-10-301-014, 012, and 015
Directions
On US 31 in downtown Alanson. Located on the east side of the highway north of River Street.
Affordability Calculator
$139,800
Estimated monthly payment
$3,720/mo
Principal $559,200 · Est. interest $780,134 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Alanson, MI
- $675,000
- Median Listing Price
- 44
- Median Days on Market
- 1,344
- Median Sq Ft
- $507
- Median Price / Sq Ft
- 7
- Active Listings
- This home’s price is 4% above the area median.
- Its price per sq ft is 74% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Alanson, MI.
Location
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Points of Interest in Alanson, MI
Showing the Alanson area map.
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 6373 Sunset Boulevard, Alanson, MI | $489,900 | 2 | 2 | 1,875 |
| 7726 Lake Street, Alanson Village, MI | $529,900 | 5 | 3 | 2,600 |
| 9093 Lake Street, Alanson, MI | $649,900 | 2 | 2 | 1,344 |
| 8018 Lake Street, Alanson, MI | $649,900 | 3 | 2 | 1,217 |
| 7170 Spring Street, Alanson, MI | $650,000 | 6 | 2 | 1,283 |
| 7170 Spring Street, Alanson Village, MI | $650,000 | 6 | 2 | 1,283 |
Moving Cost Estimate
EXIT Agents in Alanson
Listing Courtesy: Coldwell Banker Fairbairn Realty - 231.548.9336
Last Updated: 2026-05-28