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Rita Rathburn

231-409-3035
  • MLS® #: 1862216
  • 515 Frankfort Avenue

  • Elberta, Michigan 49628
  • $639,500
  • 3 Bath, 3700 SQ. Feet, 0.14 Acres
  • Commercial

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.

Essential Information

  • MLS® #1862216
  • Price$639,500
  • Bathrooms3.00
  • Square Footage3,700
  • Acres0.14
  • Year Built1933
  • TypeCommercial
  • Sub-TypeHospitality, Commercial Sale
  • StatusActive

Community Information

  • Address515 Frankfort Avenue
  • Subdivisionnone
  • CityElberta
  • TownshipGilmore
  • CountyBenzie
  • StateMichigan
  • Zip Code49628

Amenities

  • FeaturesFurniture/Fixtures
  • ParkingStreet Parking

Utilities

WATER: Municipal Water SEWER: Municipal

Interior

  • BasementCrawl Space, Block, Slab

Heating

Natural Gas, Mutiple Units, Forced Air, Central Air, Ductless A/C

Exterior

  • Exterior FeaturesWood
  • Lot Description147.89x169.67x79.51
  • RoofMembrane
  • ConstructionFrame

Additional Information

  • Days on Market15
  • ZoningCommercial
  • Ownership TypePrivate Owner
  • OfficeD3 Realty
  • Office AddressP.O. Box 189

Property Location

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright © Northern Great Lakes REALTORS® MLS. All Rights Reserved.