Turnkey Restaurant & Bar
For Sale
$525,000
6516 N Old 27, Frederic, MI 49733
Turnkey restaurant and bar with fully equipped kitchen, liquor licenses, generator, and income-producing apartments upstairs.
Property Size5,167 SF
Days on Market230
Property Features for 6516 N Old 27
General Information
Standard status
Active
Size
5,167 SF
Property subtype
Business Opportunity
Zoning
Commercial
Additional Details
Business Included
Yes
Liquor License
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,886
Building Details
Building Size
5,167 SF
Year Built
1900
Listing Agency:
Traverse Real Estate
(231) 590-5091
Listed By:
Thomas F Cronin · License #6502367206
Source:
Phgrealty
Added: Jan 5
Changed: Aug 17
Last Checked: Aug 22 at 2:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Traverse Real Estate
Investment Insights
Based on property information with market context.
This turnkey restaurant and bar property is offered as a successful, family-owned operation with a clean, fully equipped kitchen and bar facilities. The business includes substantial on-site infrastructure and recent improvements such as a newer roof, walk-in cooler, bar coolers, and a boiler/furnace. Additional operational support is provided by a 20k Generac generator, designed to help maintain service continuity. The property also features basement and garage storage, plus an office for day-to-day management.
In addition to the restaurant and bar, the upstairs offers two apartments with a separate entryway, providing built-in residential income. The basement layout and garage storage support both equipment and inventory needs for day-to-day operations.
The location supports year-round activity with access to outdoor recreation areas, including the Ausable River, state land, and trail access, and it is described as being minutes from I-75. The gas station directly next door adds convenience for customers and staff, while the presence of both a resort and outdoor liquor license supports service related to the restaurant and bar operation.
In addition to the restaurant and bar, the upstairs offers two apartments with a separate entryway, providing built-in residential income. The basement layout and garage storage support both equipment and inventory needs for day-to-day operations.
The location supports year-round activity with access to outdoor recreation areas, including the Ausable River, state land, and trail access, and it is described as being minutes from I-75. The gas station directly next door adds convenience for customers and staff, while the presence of both a resort and outdoor liquor license supports service related to the restaurant and bar operation.
Key Highlights
- Family‑owned restaurant & bar operating for 44 years; year built 1900
- Includes resort and outdoor liquor licenses
- Fully equipped kitchen; improvements include newer roof, walk‑in cooler, bar coolers, and boiler furnace
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49733, MI
1,722
Population
1,510
Households
1.1
Avg Household Size
52
Median Age
15%
College-Educated
92%
High-School Grad
107.6 sq mi
ZIP Area
16
Density / Sq Mi
$65,471
Median Household Income
$37,583
Median Earnings
$791
Median Rent
$148,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant and bar with fully equipped kitchen, liquor licenses, generator, and income-producing apartments upstairs.
Where is this conventional restaurant located?
The property is located at 6516 N Old 27 Frederic, MI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Family‑owned restaurant & bar operating for 44 years; year built 1900; Includes resort and outdoor liquor licenses; Fully equipped kitchen; improvements include newer roof, walk‑in cooler, bar coolers, and boiler furnace
