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    141 State St Hillman, MI 49746

    For Sale
    $815,000

    SINGLE_FAMILY - Hillman, MI

    Type:Retail
    Property size:
    5,934 SF
    Days on Market:
    228
    Last Refresh:
    Dec 13 at 5:06 pm

    Property Features for 141 State St

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    Commercial
    APN
    044-210-000-001-00
    Parking features
    Parking Lot
    Size
    5,934 SF

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Building materials
    Block

    Banner Realty (989) 356-1177 [email protected]

    Listing agent Lisa Timm (989) 356-1177

    Listing date Apr 30, 2025

    Copyright © 2025 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.

    Overview

    Established Sporting Goods Business For Sale

    This established sporting goods business, family owned and operated for over 40 years, serves Northern Michigan from its location in Hillman. The 5934 square foot retail space is situated amidst surrounding lakes and hunting lands, catering to hunters and anglers. Open 7 days a week, the business offers specialized services and contracts. The business provides DNR licenses, bait, hi-vis wear, boots and clothing, guns and ammo, archery and fishing gear, and more. Store and business licenses are subject to required approvals. The price includes inventory, real estate, and goodwill. Business financials are available upon NDA and LOI. The property is zoned commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    A-1 Woods & Waters Sporting Goods Store

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hillman
    County
    Montmorency
    State
    Michigan
    Longitude
    -83.901109
    Latitude
    45.064364

    Nearby Similar for Sale

    • New
      $200,000
      2,935 SF

      Hillman, MI Gas Station For Sale

      Turnkey gas station and convenience store in Hillman, Northern Michigan.
      14990 State St, Hillman, MI 49746
      View Details
    • $845,000
      5,934 SF

      Hillman Sporting Goods Business

      Established Retail Business, High Demand, Great Location
      141 State St, Hillman, MI 49746
      View Details

    FAQs

    What type of property is this?
    Retail space - Reputable sporting goods business in Northern Michigan with real estate.
    Where is this retail space located?
    The property is located at 141 State St Hillman, MI.
    What is the asking price?
    The asking price for this property is $815,000.
    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.
    (989) 356-1177
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    141 State St Hillman, MI 49746
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