Technical
Financial
Distress signals
Property profile

7484 Karlin Rd Interlochen, MI 49643

OFF-MARKET
Super regional malls
Property ID
US43-2447562
2,808 SF 0.23 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The Karlin Inn, located at 7484 Karlin in Interlochen, MI, presents a unique opportunity to own a thriving, recently renovated business. This 3,000 square foot establishment sits on a 1.26-acre lot and is priced at $399,900. The sale includes all furniture, fixtures, and equipment, along with existing licenses, ensuring a seamless transition for the new owner. The inn boasts a modern interior while maintaining a cozy atmosphere, appealing to both locals and tourists. The current menu and offerings provide a solid foundation for continued success, allowing for immediate revenue generation. However, the opportunity also exists to inject your own creativity and culinary vision into the business. Ample parking is available on-site, and the sale further includes vacant lots across the street, offering potential for expansion or additional development. Benefit from the inn's strategic location, just four miles south of the Interlochen Arts Academy, twelve miles from Crystal Mountain, and nineteen miles from Traverse City, guaranteeing a steady stream of customers. The business is currently operational

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Total area 2,808 SF
Lot 0.23 ac (10,019 SF)
APN 06-500-009-00
UPID US43-2447562

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
  • Bar & Pub Restaurant

Location

7484 Karlin Rd Interlochen, MI 49643-9428
Interlochen metro Census 550300 TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$195k

Owner & transaction history

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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