Great Central Railway in Leicestershire says trains will be diesel-hauled until further notice.
The daytime cafe is set to transition into a wine bar in the evenings.
Sites in Loughborough, Rothley, Anstey, Mountsorrel and Syston will be sold and residents moved out.
The railway said the tearoom had been operating at a consistent loss for two years.
Julia Wandelt began "telling anyone who would listen" she was the missing child in June 2022.
Kate and Gerry McCann say, despite the guilty verdict, they "take no pleasure in the result".
The defence case for Julia Wandelt and Karen Spragg has been set out at Leicester Crown Court.
A jury has been given legal directions as a trial at Leicester Crown Court enters its fifth week.
Julia Wandelt, 24, breaks down in tears and says she should not be in the witness box.
