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    6516 Old 27 Frederic, MI 49733

    Sponsored
    For Sale
    $625,000

    Iconic Restaurant, 2 Rental Units, Resort License

    Property size:
    2,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    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.

    Property Features for 6516 Old 27

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,000 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Frederic Inn American Restaurant

    Suggested Use

    Auto Repair Shop Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Frederic
    County
    Crawford
    State
    Michigan
    Longitude
    -84.75401
    Latitude
    44.77875

    Nearby Comparable

    • Contact for pricing
      0.85 Acres

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      Frederic Commercial Opportunity on Old 27

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      Grayling Multifamily Investment Opportunity

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      Grayling Commercial Land - I-75

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      Frederic Vacant Land For Sale

      10.01 acre parcel perfect for a Northern Michigan getaway.
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    • Contact for pricing
      0.85 Acres

      Land on High Traffic Old 27

      Commercial land with B-2 zoning and high traffic frontage.
      10801 S Old Us Hwy, Frederic, MI 49733
      View Details

    Nearby Similar for Sale

    • $450,000
      9,125 SF

      Frederic Commercial Opportunity on Old 27

      Commercial property on Old 27 with multiple buildings and utilities.
      4848 N Old 27, Frederic, MI 49733
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Iconic Restaurant, 2 Rental Units, Resort License
    Where is this commercial real estate located?
    The property is located at 6516 Old 27 Frederic, MI.
    What is the asking price?
    The asking price for this property is $625,000.
    (989) 889-1205
    Request Owner's contact information
    6516 Old 27 Frederic, MI 49733
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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
    6516 Old 27 Frederic, MI 49733
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