6516 Old 27 N - Retail FOR SALE


Frederic, MI 49733
$625,000 USD
231-590-5091
6516 Old 27 N, Frederic, MI for Sale
$625,000 USD
Retail - FOR SALE
1/1
null | Request Cap Rate

6516 Old 27 N
Frederic, MI 49733


OVERVIEW

Successful family-owned restaurant & bar for 44 years. Famous for having the best wet burritos around! A perfect blend of nostalgic charm with modern day amenities. A place where pride of ownership shows throughout and offers an exceptionally clean, fully equipped kitchen. Some recent improvements include a newer roof, walk-in cooler, bar coolers, boiler furnace, and floor coverings. Comes with both a resort and outdoor liquor license, along with a 20k Generac generator to ensure for uninterrupted service. Additional income opportunities with two apartments upstairs, featuring a separate entryway. The basement and garage provide for an ample amount of storage space, and the office allows for a place to work and keep things running smoothly. Ideally located! This is an area popular for year-round outdoor recreation. Just minutes away from the Ausable River, state land, trail #7, and I-75, with the added convenience of a gas station directly next door. With true Up-North appeal, this is an excellent opportunity to take over a place that has brought people together for generations.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$313 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

C-1

APN/PARCEL ID

032-120-000-020-00

ASK ABOUT THIS PROPERTY

Thomas CroninTraverse Real Estate LLCMore Info
231-590-5091

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Thomas CroninTraverse Real Estate LLCMore Info
231-590-5091

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.