Retail General Store
6420 & 6406 E Gill Road Carp Lake, MI 49718
For Sale
$650,000
COMMERCIAL - Carp Lake, MI
Property Size2,400 SF
Price / SF$270.83
Days on Market105
Property Features for 6420 & 6406 E Gill Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- EC B-2
- Standard status
- Active
- APN
- 03-06-15-200-002 & 039
- Size
- 2,400 SF
Taxes and HOA fees
- Tax Description
- COM 33 FT S & 55 FT E OF NW COR OF NE 1/4, S 120 FT, E 56 FT TO W LN OF RR, TH NE'LY ALG SD RR 141 F
Utilities
- Heating system
- Electric (Heating), Wood, Baseboard, Natural Gas
- Water source
- Well
Building Details
- Year built
- 2021
- Building materials
- Wood Frame
- Roof type
- Shingle
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Estate - HS
(231) 526-9800
Listed By:
Erin DeFrain
(231) 420-1394
Added: Apr 12
Changed: Jul 14
Last Checked: Jul 25 at 12:06PM
MLS# 478973
Copyright © 2026 Northern Michigan MLS. 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 for-sale commercial package includes the Carp Lake General Store building and an adjacent parcel. The store building is described as designed for efficient retail use and is offered as real estate only; an existing business, liquor license, equipment, and inventory are owned separately and are available for purchase separately. The package also includes the adjacent parcel with a recently renovated rental cabin and a historic barn.
The property is zoned EC B-2, which the listing states supports a variety of commercial and mixed-use opportunities. The store building is noted as having excellent highway visibility and direct access to the snowmobile trail.
The adjacent parcel is stated to be included with the package and will not be sold on its own, and the store building may be purchased separately while the adjacent parcel will remain part of the package offering.
The property is zoned EC B-2, which the listing states supports a variety of commercial and mixed-use opportunities. The store building is noted as having excellent highway visibility and direct access to the snowmobile trail.
The adjacent parcel is stated to be included with the package and will not be sold on its own, and the store building may be purchased separately while the adjacent parcel will remain part of the package offering.
Key Highlights
- 2021‑built wood frame commercial store building with shingle roof and electric plus natural gas/baseboard heat
- Approx. 2,400 SF Carp Lake General Store building with zoning B‑2 for commercial and mixed‑use opportunities
- Package includes adjacent parcel with a recently renovated rental cabin equipped with mini‑split and essentials for 1–2 occupants
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.2k | $15.48 |
| − Vacancy | −$1.6k | −$0.65 |
| EGI | $35.6k | $14.83 |
| − OpEx | −$10.7k | −$4.45 |
| NOI | $24.9k | $10.38 |
2,400 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$355.9K
$311.4K – $415.2K
NOI $24,914 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$271.3K
$237.4K – $316.5K
NOI $18,990 @ 7.0% cap · market cap 2.92%
Theoretical Best
Warehouse
$543.1K
$475.3K – $633.7K
NOI $38,020 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Carp Lake General ...
Grocery & Convenience Store
FAQs
What type of property is this?
Storefront property - B-2 zoned retail property package includes a general store building with direct access to the snowmobile trail.
Where is this storefront property located?
The property is located at 6420 & 6406 E Gill Road Carp Lake, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2021‑built wood frame commercial store building with shingle roof and electric plus natural gas/baseboard heat; Approx. 2,400 SF Carp Lake General Store building with zoning B‑2 for commercial and mixed‑use opportunities; Package includes adjacent parcel with a recently renovated rental cabin equipped with mini‑split and essentials for 1–2 occupants
