515 Frankfort Avenue $388,000

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    515 Frankfort Avenue Elberta, MI 49628

    Sold Co-op Member

    $388,000

    Market Estimate
    • 0.18 Acres
    • Commercial
    • MLS# 1879879
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    Views: 234

    Property Details

    This is the up north turn-key business opportunity for which you've been waiting! Located in the heart of the Village of Elberta, just off the scenic M-22 drive, right across the street from a neighborhood park with views of Betsie Bay, the Betsie Valley Trail and just across the bay from the City of Frankfort. This revitalized building boasts many impressive improvements including a new roof, remodeled kitchen, new handicap accessible bathrooms, new HVAC system and private office with video surveillance. The new showcase outdoor patio and bar was recently added and provides open-air seating for 50 where customers and private functions can relax with the views of the peaceful bay and the rolling hillsides that surround it, or even listen to live music in this generous space. The indoor dining room seats 85 and offers flexible table seating and cozy booth arrangements, as well as an indoor bar with tall table seating and a pool table. The kitchen equipment, building and fixtures have all been well cared for and maintained. This incredible business endeavor comes complete with a Class C liquor license as well as a SDM license to sell carry-out beer and wine, furnishings, fixtures, equipment and a Micros computer system making this a perfect opportunity to start your own business in this friendly, lakeside community close to everything that makes Northern Michigan such a special place to visit and call home.

    • General Features
      • Licenses Beer/Wine, Food, Liquor
      • Included In Lease None
      • Business Incl No
      • Business Name n/a
      • Type of Ownership Private Owner
      • Approx Year Built 1933
      • Year Remodeled 2015
      • Type Hospitality
      • Town T 26N
      • Township Gilmore
      • Present Use Restaurant/Food Service,Bar
    • Building Features
      • Extras Furniture/Fixtures
      • Foundation Crawl Space, Block, Slab
      • Heating Cooling Source Mutiple Units, Natural Gas
      • Roof Membrane
      • Heating Cooling Type Forced Air, Central Air
      • # Restrooms 3
      • Apx Total Fin SQFT 3,700
    • Property Features
      • Water Municipal Water
      • Vacant Land No
      • Univs Design/Barrier Free Extra Wide Hallways, Grab Bars, Main Floor Access, Raised Toilet, Ramped Entrance, Widened Doors
      • Road Blacktop, Public Maintained
      • Sewer Municipal
      • % of Remodel 80
      • Parking Street Parking
      • Exterior Features Wood
      • Construction Frame
      • Lot Dimensions 147.89x169.67x83.51
      • Location Corner Lot

    Neighborhood

    49628 (Elberta) Demographics

    45 Median Age
    81 Population Density (per sq. mile)
    42% College Educated
    $72,614 Estimated Median Income
    66 Estimated Total Home Owners
    3 Estimated Total Renters
    96% / 4% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    190 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    0 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        9/16/2022 3:00:00 AM Sold Source: Multiple Listing Service New Value: $388,000
        The data relating to real estate for sale on this web site comes in part from the Internet Data exchange ("IDX") program of Northern Great Lakes REALTORS MLS. All information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.