6516 N Old 27 Frederic, MI 49733
- Commercial real estate
- 1,974 SF
- 0.40 lot acres
Current Use by Public Records
- Frederic Inn / American Restaurant
Property Details for 6516 N Old 27
- Year built
- 1960
- Lot size
- 0.40 lot acres
- Property size
- 1,974 SF
- Zone code
- C-1
- Property type
- Commercial real estate
- APN
- 032-120-000-020-00
- APU
- 3212000002000
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Frederic
- County
- Crawford
- State
- Michigan
- Longitude
- -84.754
- Latitude
- 44.7788
