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    Property profile & analytics

    6811 M 72 Hwy Grayling, MI 49738

    • Bars
    • 5,200 SF
    • 0.39 lot acres
    For Sale
    View listing
    $499,000
    Value Estimation
    Last Sale
    Oct 29, 2024
    $200,000
    Location Intelligence
    Property ID
    US43-4764568
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bars

    Property Details for 6811 M 72 Hwy

    Lot size
    0.39 lot acres
    Property size
    5,200 SF
    Zone code
    C-1
    Property type
    Bars
    Property subtype
    Pubs
    APN
    040-42-012-11-160-00
    APU
    40420121116000

    Description

    This thriving Grayling, MI establishment, located at 6811 W M 72, presents a unique investment opportunity. The 5,200 square foot building sits on a 0.39-acre lot and currently operates as a successful restaurant and bar known as Tinkers Junction. The property boasts a well-designed interior perfect for dining and entertainment, featuring three pool tables, a dartboard, a stage for live events, and a lively atmosphere. Current programming includes trivia nights, karaoke, and cornhole tournaments, attracting a loyal customer base. An outdoor sand volleyball court further enhances the venue's appeal, providing ample space for gatherings and outdoor activities. The high traffic count in this prime Grayling location ensures consistent customer flow, contributing to the high-grossing potential. This turnkey operation offers immediate income generation, with significant upside potential for expansion and growth. The established reputation and loyal clientele provide a solid foundation for continued success, whether maintaining the current format or implementing new concepts. The property is priced at $499,000 and presents a compelling opportunity for an experienced restaurateur or investor seeking a proven money-maker in a desirable location. The property's size and amenities offer flexibility for various entertainment and dining options.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $200,000

    • CAP approach

      CAP return
      Estimation
      6%
      $135,000
      6.5%
      $160,000
      7%
      $140,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $165,000
      Geo Method
      $160,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $155,000
      Retail
      $140,000
      Mixed-Use
      $145,000
      Hospitality
      $165,000
      Educational
      $170,000
      Residential Income
      $125,000
      Energy
      $130,000
      Income-Based Land
      $170,000
      Food Service
      $160,000

    Location Insight

    • Map
    • Local Demand
    City
    Grayling
    County
    Crawford
    State
    Michigan
    Longitude
    -84.7432
    Latitude
    44.6565

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,861
    $65,100
    $63,400
    $128,500
    -
    $130,200
    $126,800
    $257,000

    Comparable in this City

    • Value Estimation
      $245,000
      7,247 SF

      2123 Industrial Dr

      BAR, TAVERN • 7,247 SF
      2123 Industrial Dr, Grayling, MI 49738-7849
      View Details
    • Value Estimation
      $40,000
      2,016 SF

      3997 M 72nd Hwy

      BAR, TAVERN • 2,016 SF
      3997 M 72nd Hwy, Grayling, MI 49738-9251
      View Details
    • Value Estimation
      $790,000
      4,088 SF

      321 State St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,088 SF
      321 State St, Grayling, MI 49738-1851
      View Details
    • Value Estimation
      $205,000
      1,476 SF

      305 James St

      RESTAURANT • 1,476 SF
      305 James St, Grayling, MI 49738-1817
      View Details
    • Value Estimation
      $345,000
      2,675 SF

      231 Michigan Ave

      RESTAURANT • 2,675 SF
      231 Michigan Ave, Grayling, MI 49738-1742
      View Details
    • Value Estimation
      $430,000
      6,533 SF

      2552 I 75th Business Loop

      RESTAURANT • 6,533 SF
      2552 I 75th Business Loop, Grayling, MI 49738-2010
      View Details

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    • New
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    Grayling, MI 49738
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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
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