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    7262 Cairn Hwy Kewadin, MI 49648

    For Sale
    $649,900

    Profitable Gas Station & Market on Elk Lake

    Property size:
    2,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property, located at 7262 CAIRN in Kewadin, Michigan, presents a unique investment opportunity. The 2,000 square foot building sits on a nearly one-acre lot on the north shore of Elk Lake, offering stunning waterfront views. Currently operating as Waters Edge Market & Gas, the business provides grocery, deli, and gas services to the thriving Traverse City area and its many tourists. The property's prime location benefits from high traffic volume, enhanced by the proximity of Milton Township Waterfront Park directly across the street. This park's presence is expected to further increase customer traffic and presents potential for expansion into complementary services such as kayak, paddleboard, or boat rentals. The existing business enjoys strong demand for catering services, both carry-out and on-site. The sale includes the business, all fixtures, the real estate itself, and all necessary licenses, including a liquor license. This turnkey operation offers a rare chance to acquire a well-established, profitable business with significant growth potential in a highly desirable location. The property's waterfront setting and proximity to recreational areas provide a unique competitive advantage. This is an ideal opportunity for an investor seeking a profitable and established business with significant upside potential. The property's size and location make it an attractive investment for both experienced and new business owners.

    Property Features for 7262 Cairn Hwy

    General Information

    Property type
    Industrial properties
    Square Feet
    2,000 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1919
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waters Edge Market Gas Station ATM Atm

    Suggested Use

    Realty agency Law Firm Building Supply Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Kitchen & Bath Food Market Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Kewadin
    County
    Antrim
    State
    Michigan
    Longitude
    -85.36939
    Latitude
    44.92975

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    FAQs

    What type of property is this?
    Industrial property - Profitable Gas Station & Market on Elk Lake
    Where is this industrial property located?
    The property is located at 7262 Cairn Hwy Kewadin, MI.
    What is the asking price?
    The asking price for this property is $649,900.
    (248) 609-8000
    Request Owner's contact information
    7262 Cairn Hwy Kewadin, MI 49648
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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
    7262 Cairn Hwy Kewadin, MI 49648
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