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    7930 French Rd Alpena, MI 49707

    Sponsored
    For Sale
    $600,000

    Established Business, Huge Potential, Prime Location

    Property size:
    4,175 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional turnkey business opportunity presents the chance to acquire the Maplewood Tavern, a beloved Alpena establishment celebrating 100 years of success. Located at 7930 French Road, this iconic tavern boasts 4,175 square feet of interior space and offers a vibrant atmosphere known for its tasty cocktails, live music, and dancing. The tavern's long-standing history and loyal customer base have created a thriving business with a strong reputation within the community. The friendly and festive atmosphere fosters a welcoming environment where regulars feel at home. This is a rare chance to own a piece of Alpena's history and continue its legacy of success. Beyond the main tavern, a significant advantage is the inclusion of a large, approximately 1920 square foot garage located at the rear of the property. This expansive space offers ample storage, but also presents exciting possibilities for expansion or alternative uses, depending on the buyer's vision. The asking price for this exceptional property is $600,000. This is a unique opportunity to own a thriving business with significant potential for growth and future development. The property sits on a 0-acre lot. Detailed business history can be found at www.maplewoodtavern.com.

    Property Features for 7930 French Rd

    General Information

    Property type
    Investment properties
    Square Feet
    4,175 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Maplewood Tavern Bar

    Suggested Use

    Auto Repair Shop Bar & Pub Toy Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alpena
    County
    Alpena
    State
    Michigan
    Longitude
    -83.47514
    Latitude
    45.1618

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    FAQs

    What type of property is this?
    Investment property - Established Business, Huge Potential, Prime Location
    Where is this investment property located?
    The property is located at 7930 French Rd Alpena, MI.
    What is the asking price?
    The asking price for this property is $600,000.
    (989) 354-7653
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7930 French Rd Alpena, MI 49707
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