Gas Station and Party
For Sale
$328,500
Pending
11380 NE Starvation Lake Road, Mancelona, MI 49659
Commercial Sale, Mancelona, MI
Property Size1,380 SF
Days on Market398
Property Features for 11380 NE Starvation Lake Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking features
Parking Lot
Basement
Partial
Accessibility
Accessible Approach with Ramp
Subdivision
T28N R5W
Directions
At the intersection of 571 and Starvation Lake Road go east 5 miles. Store is on the south side of the road.
Standard status
Pending
APN
002-005-032-00
Size
1,380 SF
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Real Estate Included
Yes
Business Included
Yes
Automotive
Automotive Uses
fuel station
Convenience Store
Yes
Taxes and HOA fees
Tax Description
A PART OF GOVT LOT 2 SEC 5 T28N-R5W DESC AS COM AT AT THE NE COR OF GOVT LOT 2 ALSO BEING THE CENTER OF SEC 5 TH N 87 DEG 53'00''W 904.8 FT ALG THE N LI OF GOVT LOT 2 TH S 00 DEG 44'00''E 296.61 FT TH S 89 DEG 14'00''E 66.02 FT TO THE POB SD POINT ALSO B
Tax Annual Amount
2071
Legal Description
A PART OF GOVT LOT 2 SEC 5 T28N-R5W DESC AS COM AT AT THE NE COR OF GOVT LOT 2 ALSO BEING THE CENTER OF SEC 5 TH N 87 DEG 53'00''W 904.8 FT ALG THE N LI OF GOVT LOT 2 TH S 00 DEG 44'00''E 296.61 FT TH S 89 DEG 14'00''E 66.02 FT TO THE POB SD POINT ALSO B
Utilities
Sewer type
Septic Tank
Water source
Well
Amenities
ATM
upgraded coolers and freezer
metal roof
newer electrical
newer 5'' well
three tank septic system
upgraded POS system
security system
full kitchen
upgraded gas pumps
newer tank system
generator hookup
Listing Agency:
Century 21 Curran & Oberski Northville
(735) 464-6400
Listed By:
Jonathan Dixon
(810) 488-9996
Added: Sep 26, 2025
Changed: Oct 28
Last Checked: Oct 28 at 6:06PM
MLS# 201837288
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.
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Investment Insights
Based on property information with market context.
This commercial gas station and party store occupies 1,380 square feet and includes a full kitchen with food-preparation space. Retail offerings include food items, liquor, beer and wine, lottery, propane, cut wood, and gasoline. Four RV sites have full hookups; two are occupied long term.
Property improvements include upgraded coolers and freezer, a metal roof, newer electrical, a newer 5-inch well, a three-tank septic system, upgraded point-of-sale and security systems, upgraded gas pumps, a newer tank system, and generator hookup. The site also has a parking lot and an accessible approach with a ramp. Licenses are to transfer subject to state approval.
Property improvements include upgraded coolers and freezer, a metal roof, newer electrical, a newer 5-inch well, a three-tank septic system, upgraded point-of-sale and security systems, upgraded gas pumps, a newer tank system, and generator hookup. The site also has a parking lot and an accessible approach with a ramp. Licenses are to transfer subject to state approval.
Key Highlights
- 1,380‑square‑foot retail and fuel property
- Four RV sites with full hookups; two long‑term occupancies
- Full kitchen with food‑preparation area for pizza and sandwiches
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,349
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,980
$307.0K
Cap Rate 7%
$219,271
$219.3K
Cap Rate 9%
$170,544
$170.5K
Market Conditions
NOI Build-Up for 1,380 SF
Gross rent
$21.4K $15.48/SF
− Vacancy
−$897 −$0.65/SF
EGI
$20.5K $14.83/SF
− OpEx
−$5.1K −$3.71/SF
NOI
$15.3K $11.12/SF
Area
Antrim County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,980
Cap Rate 7%
$219,271
Cap Rate 9%
$170,544
Alternative Uses
Best Use
Specialty Retail
$219.3K
$191.9K – $255.8K
NOI $15,349 @ 7.0% cap · market cap 4.67%
Second Best
Retail
$204.7K
$179.1K – $238.8K
NOI $14,326 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$245.6K
$214.9K – $286.5K
NOI $17,191 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
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See the owner, sales and loan history
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 49659, MI
6,670
Population
4,586
Households
1.5
Avg Household Size
44
Median Age
18%
College-Educated
89%
High-School Grad
175.0 sq mi
ZIP Area
38
Density / Sq Mi
$59,092
Median Household Income
$33,269
Median Earnings
$792
Median Rent
$141,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Gas station - Retail sales, food preparation, fuel service, and four RV hookup sites are part of the operation.
Where is this gas station located?
The property is located at 11380 NE Starvation Lake Road Mancelona, MI.
What is the asking price?
The asking price for this property is $328,500.
What are key features of this property?
This property features: 1,380‑square‑foot retail and fuel property; Four RV sites with full hookups; two long‑term occupancies; Full kitchen with food‑preparation area for pizza and sandwiches
