Building Details

Building materials Block

Listing Agency: Banner Realty k***@bannerrealty.com Show Phone

Listed By: Lisa Timm · License #6502127329 Show Phone

Added: Dec 31, 2024 Changed: Aug 4 Last Checked: Aug 6 at 10:06AM

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MLS# 201832996

Copyright © 2026 Water Wonderland Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This offering combines a sporting goods retail business with an approximately 5,934-square-foot retail facility. The business has been family owned and operated for 40+ years, serving Northern Michigan with a focus on outdoor outfitting and related services. The operation is open 7 days per week and emphasizes pride of ownership. Included services and product categories referenced in the listing include DNR licenses, bait, hi-vis wear, boots and clothing, guns and ammo, and archery and fishing gear.

The property is located at 141 State Street in Hillman, Michigan, within a market described in the listing as surrounded by lakes and hunting lands. Zoning is listed as Commercial.

The listing states that the purchase price includes inventory, real estate, and goodwill, with store and business licenses subject to required approvals. Price is subject to inventory at time of closing, and business financials are available upon NDA and LOI. The remarks also note historic profits and a 10% cap rate.

Key Highlights

• Established sporting goods business with 40+ years of operation in Northern Michigan.
• Prime location near lakes and hunting lands, popular with hunters and anglers.
• Includes real estate, inventory, and goodwill in the price.

Property Analytics

Property Profile

Current Use

A-1 Woods & Waters (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Grocery & Convenience Store Storage Facility (Bike/Boat/Book/etc) Store Pharmacy Dental Office Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

77

Businesses Nearby

Explore this area Business Placement

Demographics for 49746, MI

3,320

Population

2,689

Households

1.2

Avg Household Size

53

Median Age

13%

College-Educated

90%

High-School Grad

209.6 sq mi

ZIP Area

16

Density / Sq Mi

$47,776

Median Household Income

$34,189

Median Earnings

$644

Median Rent

$143,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Family-owned sporting goods retailer operating 7 days weekly with DNR licenses, bait, and outdoor gear.

Where is this retail space located?

The property is located at 141 State Street Hillman, MI.

What is the asking price?

The asking price for this property is $795,000.

What are key features of this property?

This property features: Established sporting goods business with 40+ years of operation in Northern Michigan.; Prime location near lakes and hunting lands, popular with hunters and anglers.; Includes real estate, inventory, and goodwill in the price.