44.61956 -86.22666

515 Frankfort Avenue Elberta, MI 49628

241350402 44.61956 -86.22666 2311 /listing/241350402-150071606/515-frankfort-avenue-elberta-mi-49628 False 0 639500.0 3700 101 3 1862216 False
  • $639,500
  • 3 ba
  • 3,700 sqft
  • 0.14 lot
  • Est payment $3432.97/mo

Property & Neighborhood Info

Courtesy Of D3 Realty, P.O. Box 189

Commercial in Elberta

This is the Up North, local business opportunity you've been waiting for! The Mayfair Tavern, a long standing historic restaurant and bar in Elberta was established in 1933 as a drinking establishment catering to railroad and car ferry workers and later became well known as a favorite gathering place to enjoy great food as well. This successful and year round business has proven its loyalty to customers for an astounding 86 years. Located right across the street from Betsie Bay, this iconic, revitalized neighborhood tavern boasts many new improvements. Recent updates and building addition include a new roof, remodeled kitchen with new stove, new handicap accessible bathrooms, new and updated HVAC system, private office with video surveillance...and an amazing new outdoor patio and bar that 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. An enticing menu offers a diverse variety of quality foods and signature dishes such as the Friday Night Fish Fry, local whitefish and the famous wet burrito are just a few menu offerings that bring customers back for more. This incredible business endeavor is turn-key and complete with furnishings, fixtures, equipment and a Micros computer system making the transition that much easier. Standing as a piece of Elberta's rich history, The Mayfair prides itself with a well-established, excellent, and loyal customer base with impressively strong client relationships, which are more like friendships in this friendly, lakeside hometown close to beaches, dunes, the Betsie Valley Trail, and nearby Frankfort.

Courtesy Of D3 Realty, P.O. Box 189
  1. 3 Baths
  2. 3,700 Sq. Ft.
  3. 0.14 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1933
  • County: Benzie
  • Zoning: Commercial
  • MLS Number:1862216

Additional Features

  • Cooling/Heating:
    • Mutiple Units
    • Natural Gas
  • Extras:
    • Furniture/Fixtures
  • Business Name:
    • Mayfair Tavern
  • Construction:
    • Frame
  • Location:
    • Corner Lot
  • Occupied:
    • Yes
  • Property Type:
    • Hospitality
  • Roof:
    • Membrane
  • Basement:
    • Block
    • Crawl Space
    • Slab
  • Exterior:
    • Wood
  • Inventory Included:
    • No
  • Land:
    • No
  • Deeded Waterfront:
    • No
  • Parking:
    • Street Parking
  • Parking Spaces:
    • 0
  • Heating/Cooling:
    • Central Air
    • Ductless A/C
    • Forced Air
  • Sewer:
    • Municipal
  • Access:
    • Blacktop
    • Public Maintained
  • Handicap Features:
    • Bathroom Sink
    • Extra Wide Hallways
    • Grab Bars
    • Levered Door Knobs
    • Main Floor Access
    • Raised Toilet
    • Ramped Entrance
    • Widened Doors
  • Present Use:
    • Bar
    • Restaurant/Food Service
  • Water:
    • Municipal Water
  • Zoning:
    • Commercial
  • Documents On File:
    • Furniture & Fixtures
    • Legal Description
    • Liquor License
    • Other
    • Survey
    • Title Insurance
    • Utility Bills
  • Lease Includes:
    • None
  • Legal Description:
    • See Lengthy Legal on the 2014 Certificate of Survey
  • License:
    • Beer/Wine
    • Food
    • Liquor
  • List Type (Exclusive):
    • Exclusive Right to Sell
  • Sale Includes Business:
    • Yes
  • Sale Includes Real Estate:
    • Yes
  • Terms:
    • Cash
    • Conventional Mortgage
  • Sign:
    • No
  • Special Conditions:
    • Private Owner
  • MLSSystem ID:
    • TAAR
  • Possession:
    • Negotiable
  • Total Acres:
    • 0.14
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Nancy Albrecht
Nancy Albrecht
521 Randolph Street Traverse City MI 49684
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44.61956 -86.22666

515 Frankfort Avenue Elberta, MI 49628

241350402 44.61956 -86.22666 2311 /listing/241350402-150071606/515-frankfort-avenue-elberta-mi-49628 False 0 639500.0 3700 101 3 1862216 False
  • $639,500
  • 3 ba
  • 3,700 sqft
  • 0.14 lot
  • Est payment $3432.97/mo