6811 M 72 HwyGrayling, MI 49738

Property Details for 6811 M 72 Hwy

Lot size

0.39 AC

Property size (Sq ft)

5,200 SF

Zone code

C-1

Property type

Bars

Property subtype

Pubs

APN

040-42-012-11-160-00

APU

40420121116000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,396,122

  6.5%

  $1,288,728

  7%

  $1,196,676

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,706,796

  Geo Method

  $1,706,796

• Alternative Use

  Use

  Valuation

  Residential

  $1,087,090

  Hospitality

  $995,769

  Educational

  $828,468

  Medical

  $856,960

  Retail

  $1,288,728

Location Insight

City

Grayling

County

Crawford

State

Michigan

Latitude

44.6565

Longitude

-84.7432

Property Tax & Assessments

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