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$1,299,000
3 Beds ⋅ 2 Baths ⋅ 478905 MLS ⋅ ACTIVE Status
Introducing the reimagined Junction Bar & Grill—an iconic Walloon Lake establishment, completely transformed through a comprehensive 2023 renovation, offering a rare, turnkey hospitality asset in one of Northern Michigan’s most desirable resort corridors. Positioned prominently at the intersection of US-131 and M-75, this high-visibility property delivers a dynamic, multi-revenue business model. The beautifully updated restaurant is complemented by a highly versatile roller rink and event venue—currently generating steady cash flow through public use, private celebrations, weddings, and live entertainment. An additional bar permit enhances the experience, allowing for alcohol service within the event space. The offering includes a full Class C liquor license and Specially Designated Merchant (SDM) license, permitting carry-out sales—further elevating revenue potential. Residential components include a single-family home ideal for an owner-operator or executive housing, along with a one-bedroom apartment above the venue, creating additional flexibility and income opportunity. This is more than a business—it’s a lifestyle investment with scale, versatility, and significant upside in a market defined by tourism, affluence, and year-round appeal.

4472 M-75 Highway, Walloon Lake
$659,900
3 Beds ⋅ 2 Baths ⋅ 478330 MLS ⋅ ACTIVE Status
Just steps from the heart of Walloon Village, this well-maintained older home sits on a generous lot and offers charm, space, and endless potential. With three bedrooms located on the second level, the layout provides a comfortable separation between living and sleeping areas. The main floor features a large living room along with a spacious second gathering area—perfect for a family room, game room, or expanded entertainment space. The kitchen has been removed, leaving a blank canvas for you to design your dream kitchen and dining area, customized to your taste and needs. Outside, a detached two-car garage and additional storage building offer plenty of space for vehicles, tools, and all your Northern Michigan toys. Whether you're seeking an ideal vacation rental opportunity or a personal up-north getaway, this property places you within walking distance of everything Walloon Village has to offer. Enjoy the recently revitalized Village amenities including a beautiful beach and swimming area, Township park, boat launch with ample parking, marina with fuel, multiple restaurants, a general store with deli, boutique shopping, and a classic ice cream shop. A rare find in an unbeatable location—your Walloon Lake retreat awaits.

4160 M-75 N, Walloon Lake

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