Description

Walloon Lake - MLS# 478905
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.