6516 Old 27Frederic, MI 49733

Property Details for 6516 Old 27

Year built

1960

Lot size

0.40 AC

Property size (Sq ft)

1,974 SF

Zone code

C-1

Property type

Commercial real estate

APN

032-120-000-020-00

APU

3212000002000

Description

This exceptional opportunity presents the chance to acquire the renowned Frederic Inn, a well-established bar and restaurant celebrated for its acclaimed burritos. Situated in Northern Michigan's prime recreational area, this business boasts a long and successful history under the current ownership of over 40 years. The sale includes a highly valuable and rare resort license, along with an outdoor license, significantly enhancing its operational potential. Adding to the investment appeal are two spacious rental units, each with a separate entrance: a two-bedroom, one-bathroom unit and a one-bedroom, one-bathroom unit, providing additional income streams. All equipment and fixtures are included in the sale (inventory sold separately). Recent upgrades include a brand-new cooler system installed this year, ensuring optimal operational efficiency. Furthermore, the business is equipped with a 20,000-watt Generac generator, providing uninterrupted operation even during power outages. The 2,000 square foot building is located at 6516 N Old 27, Frederic, MI and is priced at $625,000. This is a truly unique opportunity to own a profitable and iconic Northern Michigan establishment. Showings are by appointment only.

• Alternative Use

  Use

  Valuation

  Residential

  $412,676

  Hospitality

  $378,009

  Educational

  $314,499

  Medical

  $325,315

  Retail

  $489,221

Location Insight

City

Frederic

County

Crawford

State

Michigan

Latitude

44.7788

Longitude

-84.754

Property Tax & Assessments

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