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    52050 Gratiot Ave New Baltimore, MI 48051

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    For Sale
    $549,990

    Profitable store with resort liquor license and lottery sales.

    Lot size:
    1.28 Acres

    Property Features for 52050 Gratiot Ave

    General Information

    Lot size
    1.28 Acres

    Building Details

    Year built
    1997

    Source: National Realty Centers, Inc Agent Frank Saco

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Business with Liquor License

    This is a business for sale only, featuring a resort liquor license, beer and wine sales, and lottery. Note that the license cannot be transferred to another location. The store generates over $30,000 per week in sales, with lottery profits reaching $70,000 annually. Additional income is derived from an ATM and check-cashing services. The business operates with short hours, presenting an opportunity to expand by extending operating hours. The reason for selling is the owner's retirement. Rent is $7,500 per month, which includes property tax, outside building insurance, roof maintenance, landscaping, and snow plowing.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    New Baltimore
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8325
    Latitude
    42.6875

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    FAQs

    What type of property is this?
    Grocery and convenience store - Profitable store with resort liquor license and lottery sales.
    Where is this grocery and convenience store located?
    The property is located at 52050 Gratiot Ave New Baltimore, MI.
    What is the asking price?
    The asking price for this property is $549,990.
    What are key features of this property?
    This property features: - High weekly sales: Store generates $30,000+ per week.; - Significant lottery profits: $70,000 annual income from lottery sales.; - **Resort liquor license included (beer/wine & lotto).**
    (248) 763-0740
    Request Owner's contact information
    52050 Gratiot Ave New Baltimore, MI 48051
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    New Baltimore, MI 48051
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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
    52050 Gratiot Ave New Baltimore, MI 48051
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