An extraordinary opportunity to own the iconic Limberlost Lounge & Restaurant, featuring 152 feet of frontage on beautiful Houghton Lake, Michigan's largest inland lake, spanning more than 22,000 acres. Centrally located along the lake's desirable south shore, this landmark property offers an exceptional setting for dining, entertainment, and waterfront recreation. The approximately 8400-square-foot restaurant and lounge features a warm, welcoming atmosphere anchored by its signature horseshoe-shaped bar. The property offers an impressive total of four distinct bar areas, providing outstanding flexibility for daily service, private events, and large-scale entertainment, including a main indoor horseshoe-shaped bar, a lake-level open-air lower bar, an expansive 1,404-square-foot three-sided open-air lakeside pavilion bar, and an additional bar and entertainment area that further enhances its capacity for hosting guests. A second floor, originally designed as a poker room, provides additional space with strong potential for private events, gaming, entertainment, or expanded seating, adding versatility to the overall layout. The restaurant includes a well-equipped commercial kitchen with top-of-the-line equipment and a modern POS system. A unique char broiler, located in the dining area, allows guests to observe preparation of their own steaks, creating a memorable and interactive dining experience. Additional features include an approximately 560-square-foot open-air lakeside balcony with sweeping views across Houghton Lake, expansive indoor and outdoor seating capacity, numerous flat-screen televisions, a leather-furnished lounge area, an entertainment stage, a lakeside pavilion, a sandy beach, a lakeside dock, and multiple indoor and outdoor gathering spaces. With its unmatched waterfront setting, extensive bar and entertainment facilities, and longstanding reputation, the Limberlost offers tremendous potential as a restaurant, nightlife destination, event venue, or four-season recreational gathering place.