Property profile

6811 W M 72 Grayling, MI 49738

FOR SALE
Bars & Pubs
Property ID
US43-4764568
5,200 SF 0.39 ac lot
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Total area 5,200 SF
Lot 0.39 ac (16,988 SF)
Zoning code C-1
APN 040-42-012-11-160-00
UPID US43-4764568

Cap rate & NOI

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

Location

6811 W M 72 Grayling, MI 49738
Grayling metro Census 960200
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$200k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$200k

Owner & transaction history

since 2024
Last sale
$200,000
3 recorded transactions
2024
$200,000
2023
Price N/A
2017
$200,000

Zoning & alternative use

C-1 · Grayling, MI
General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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