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Restaurant and Bar with Apartments

6516 N Old 27, Frederic, MI 49733

For Sale
$525,000

Commercial, Frederic, MI

Property Size5,167 SF
Lot Size0.40 Acres
Price / SF$101.61
Days on Market309

Property Features for 6516 N Old 27

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 1, Bathroom 3, Bathroom 4, Bathroom 2
Parking 15
Parking features Parking Lot
Exterior features Vinyl
Lot features Corner Lot
Directions Corner of Co Rd 612 & N Old 27, Frederic, MI
Subdivision Crawford
Standard status Active
Size 5,167 SF
Lot size 0.40 Acres

Additional Details

Business Included Yes

Taxes and HOA fees

Tax Description LOT 1 & 6 BLK A ORIGINAL PLAT VILLAGE OF FREDERIC
Tax Annual Amount 3886
Legal Description LOT 1 & 6 BLK A ORIGINAL PLAT VILLAGE OF FREDERIC

Utilities

Water source Private

Amenities

generator

Building Details

Building materials Frame
Roof type Asphalt
Listing Agency: Traverse Real Estate
Listed By: Thomas Cronin · License MI #6502367206
Added: Jan 5 Changed: Oct 27 Last Checked: Nov 9 at 9:06PM
MLS# 1941526

Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This restaurant and bar property combines a fully equipped kitchen with dining, bar, office, basement, garage, and storage areas. The building measures 5,167 square feet on 0.4 acres and includes two upstairs apartments accessed through a separate entrance. A parking lot serves the property, while vinyl exterior siding, frame construction, and an asphalt roof define the building envelope.

Recent property improvements include a roof, walk-in cooler, bar coolers, boiler furnace, and floor coverings. The operation includes resort and outdoor liquor licenses, along with a 20k Generac generator. A gas station is directly next door, and the property is near the Ausable River, state land, trail #7, and I-75 in an area noted for year-round outdoor recreation.

Key Highlights

  • 5,167‑square‑foot restaurant and bar on 0.4 acres
  • Two upstairs apartments with a separate entryway
  • Fully equipped kitchen with walk‑in cooler and bar coolers

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Frederic Inn Restaurant

Suggested Use

Top Pick Auto Repair Shop Storage Facility Bakery Real Estate Agency Daycare Center Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Highway access
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

32
Businesses Nearby
Well-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Fully equipped kitchen, licensed bar, and separate-entry upstairs apartments create a versatile commercial layout.
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: 5,167‑square‑foot restaurant and bar on 0.4 acres; Two upstairs apartments with a separate entryway; Fully equipped kitchen with walk‑in cooler and bar coolers
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