7930 French Rd Alpena, MI 49707
For Sale
1 / 86
This exceptional turnkey business opportunity presents the chance to acquire the Maplewood Tavern, a beloved Alpena establishment celebrating 100 years of success. Located at 7930 French Road, this iconic tavern boasts 4,175 square feet of interior space and offers a vibrant atmosphere known for its tasty cocktails, live music, and dancing. The tavern's long-standing history and loyal customer base have created a thriving business with a strong reputation within the community. The friendly and festive atmosphere fosters a welcoming environment where regulars feel at home. This is a rare chance to own a piece of Alpena's history and continue its legacy of success. Beyond the main tavern, a significant advantage is the inclusion of a large, approximately 1920 square foot garage located at the rear of the property. This expansive space offers ample storage, but also presents exciting possibilities for expansion or alternative uses, depending on the buyer's vision. The asking price for this exceptional property is $600,000. This is a unique opportunity to own a thriving business with significant potential for growth and future development. The property sits on a 0-acre lot. Detailed business history can be found at www.maplewoodtavern.com.
-
Maplewood Tavern Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
