6516 N Old 27 Frederic, MI 49733
For Sale
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This exceptional opportunity presents the chance to acquire the renowned Frederic Inn, a well-established bar and restaurant celebrated for its acclaimed burritos. Situated in Northern Michigan's prime recreational area, this business boasts a long and successful history under the current ownership of over 40 years. The sale includes a highly valuable and rare resort license, along with an outdoor license, significantly enhancing its operational potential. Adding to the investment appeal are two spacious rental units, each with a separate entrance: a two-bedroom, one-bathroom unit and a one-bedroom, one-bathroom unit, providing additional income streams. All equipment and fixtures are included in the sale (inventory sold separately). Recent upgrades include a brand-new cooler system installed this year, ensuring optimal operational efficiency. Furthermore, the business is equipped with a 20,000-watt Generac generator, providing uninterrupted operation even during power outages. The 2,000 square foot building is located at 6516 N Old 27, Frederic, MI and is priced at $625,000. This is a truly unique opportunity to own a profitable and iconic Northern Michigan establishment. Showings are by appointment only.
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Frederic Inn Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Frederic, MIFrederic. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
