Frankfort, Michigan is a beautiful village located in Benzie County. It offers a range of natural resources and recreational opportunities that can be appealing to potential homebuyers. Here are some of the pros and cons of purchasing real estate in the village of Frankfort.

Pros:
1. Natural Beauty: Frankfort, Michigan is known for its breathtaking views of the Lake Michigan shoreline and its stunning natural beauty. The village has plenty of parks, trails, and waterfront access that make it a great place for outdoor enthusiasts.
2. Affordable Prices: Compared to other areas in northern Michigan, Frankfort has relatively affordable real estate prices, which can be attractive to buyers who are looking for an investment opportunity or a vacation home.
3. Small-Town Charm: With a population of just over 1,000 people, Frankfort has a small-town vibe that can be comforting and welcoming to newcomers.
4. Family-Friendly: Frankfort has a great school system, and is consequently an attractive place for young families to settle in.

Cons:
1. Seasonal Tourism: While the influx of tourists in the summer season can provide you with business opportunities, it can also bring additional traffic and noise to the town.
2. Limited Economic Opportunity: As Frankfort is a small town, the economy is relatively limited, and job opportunities can be scarce in certain industries.
3. Weather: As with much of Michigan, Frankfort experiences a winter that can be quite harsh and long-lasting.
4. Limited Shopping and Dining: Frankfort may not have the variety of shopping and dining options that are available in larger cities.

Overall, purchasing real estate in the village of Frankfort can be an attractive opportunity for those looking for affordability and natural beauty, but may have drawbacks for those looking for a more fast-paced lifestyle.