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515 Frankfort Avenue Map / directions

Elberta, MI

49628 Market info

  • MLS# 1862216
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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.

Property Information

Status
Active 
Address
515 Frankfort Avenue 
City
Elberta 
Zip
49628 
Year Built
1933 
Listing Date
06/04/2019 
County
Benzie 
Possession
Negotiable 
Parking
Street Parking 
Price/SqFt
162.14 

Features

Current Use
Restaurant/Food Service,Bar 
Features
Furniture/Fixtures 
Zoning
Commercial 
Water
Municipal Water 
Sub Property Type
Hospitality 
Licenses
Beer/Wine, Food, Liquor 
Exterior Features
Wood 
Cooling
Central Air, Ductless A/C, Forced Air, Mutiple Units, Natural Gas 
Heating
Central Air, Ductless A/C, Forced Air, Mutiple Units, Natural Gas 

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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1862216 Nov 22 2019 6:16PM $599,900 $639,500 239
1862216 Active Jun 4 2019 2:17AM $639,500 239
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

800-871-9992

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

Listing Broker

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Listing Courtesy of D3 Realty
Office Address P.O. Box 189

Real Estate One Family of Companies

515 Frankfort Avenue Elberta
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$599,900
For Sale • Acres: 0.14 • Zoning: Commercial