Frederic MI Commercial for Sale
$625,000
6516 N Old 27 Frederic, MI 49733
ADDITIONAL INFORMATION
Rare opportunity- your chance to own the Legendary, Iconic & FAMOUS Frederic Inn- home of the BEST burrritos ever! Located in the busiest recreational hub of Northern Michigan! Well established for years! (Current owner over 40 years) This is a great deal- bar/restaurant business comes with a rare, valuable ''resort license'' plus outdoor license & 2 rental units above with seperate entrance. Unit 1: 2 bed/1 bath, Unit 2: 1 bed/1 bath, both very spacious. Business comes with all quipment/fixtures(inventory sold seperately) Brand new cooler system installed this year! This business can & has been operated fully on a 20K watt Generac generator., no worries about shutting down with power outages! Don't pass up this amazing business opportunity! Shown by licensed agent appointment only!
Frederic Real Estate
The median home value in Frederic, MI is $227,500. This is higher than the county median home value of $145,100. The national median home value is $338,100. The average price of homes sold in Frederic, MI is $227,500. Approximately 37.75% of Frederic homes are owned, compared to 7.35% rented, while 54.9% are vacant. Frederic real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Frederic real estate agent to arrange a tour today!
Frederic, Michigan has a population of 1,011. Frederic is more family-centric than the surrounding county with 23.11% of the households containing married families with children. The county average for households married with children is 21.87%.
The median household income in Frederic, Michigan is $53,333. The median household income for the surrounding county is $54,240 compared to the national median of $69,021. The median age of people living in Frederic is 54.2 years.
Frederic Weather
The average high temperature in July is 77.2 degrees, with an average low temperature in January of 10 degrees. The average rainfall is approximately 34.6 inches per year, with 119.1 inches of snow per year.