Property profile

6516 N Old 27 Frederic, MI 49733

FOR SALE
Commercial (General)
Property ID
US43-2928975
1,974 SF 0.4 ac lot Built 1960
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Property summary

AI-generated overview

The property consists of the Famous Frederic Inn, historically operated as a bar and restaurant with burrito service, located in Frederic, Michigan. It is a 2,000-square-foot building configured for food and beverage use and includes two residential rental units above. Unit 1 contains 2 bedrooms and 1 bathroom, and Unit 2 contains 1 bedroom and 1 bathroom, with both units described as having a spacious layout and a separate entrance for the rental units. The property is zoned C-1 and R-1/2, and historically included a resort license and an outdoor license. Included on the premises are restaurant equipment and fixtures, and a cooler system had been installed recently. The facility is supported by a backup power capability using a Generac 20,000-watt generator for continued operation during power outages.

Property profile

Verified
Property type Commercial (General)
Year built 1960
Total area 1,974 SF
Lot 0.4 ac (17,424 SF)
APN 032-120-000-020-00
UPID US43-2928975

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

6516 N Old 27 Frederic, MI 49733
Frederic metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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