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La Salle Convenience Store Opportunity

12240 S Dixie Highway La Salle, MI 48145

Claim this Listing
Pending
$399,900

COMMERCIAL - La Salle, MI

Property size:
2,800 SF
Lot size:
1.47 Acres
Added:
Feb 18, 2026
Days on Market:
143
Last Refresh:
Jul 11 at 9:06 am

Property Features for 12240 S Dixie Highway

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Pending
Size
2,800 SF
Lot size
1.47 Acres

Taxes and HOA fees

Tax Annual Amount
3043

Utilities

Heating system
Forced Air
Cooling system
Central Air
Water source
Public

Building Details

Year built
1950

Listing agent Theresa Barton License #6501328287

Listing office Key Realty One LLC - S. Dixie 15366 S Dixie Hwy, Lambertville, MI

Listing date Feb 18, 2026

MLS# 50199698

Copyright © 2026 Southeastern Border Association 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.


Investment Insights

Based on property information with market context.

This established neighborhood convenience store is located in La Salle, MI, and benefits from significant traffic exposure. According to MDOT, the property sees an average of 6,312 vehicles passing by daily. Its location near local marinas generates seasonal traffic from boaters and lake visitors. The store has multiple revenue streams, including lotto, tobacco, beer and wine sales, grocery essentials, firewood, and propane. The current owner prepares pizza and subs for carry-out, which creates repeat business and steady local traffic. Updates include a new furnace and A/C (2025), redone blacktop, and updated kitchen equipment. The roof, ceiling, and flooring were replaced approximately 4 years ago and have a 25-year warranty. Included in the sale are 2 pizza ovens, 1 bread oven, 1 freezer, 1 fridge, a deli case, meat slicer, 9 beverage coolers on one side and 8 on the other. The location offers the potential to add fuel service, subject to approvals, as there are no gas stations between Monroe and Toledo along this corridor. There is also the option to build or finish a 3-bedroom, 1-bathroom apartment above the market. The property size is 2,800 square feet and the lot size is 1.47 acres.

Key Highlights

  • High traffic location with excellent visibility (6,312 vehicles daily per MDOT).
  • Multiple revenue streams including lotto, tobacco, beer/wine, groceries, pizza/subs.
  • Turnkey operation: sale includes essential equipment like pizza ovens, freezers and beverage coolers.

Local Financial Insights For Specialty 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 $39.3k $14.04
− Vacancy −$2.9k −$1.05
EGI $36.4k $12.99
− OpEx −$9.1k −$3.25
NOI $27.3k $9.74
2,800 SF · lease $14.04/SF/yr · vacancy 7.50% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$389.6K
$340.9K – $454.6K (±1% cap)
NOI $27,273 @ 7.0% cap · market cap 6.82%
Second Best
Retail
$384.3K
$336.3K – $448.4K (±1% cap)
NOI $26,901 @ 7.0% cap · market cap 6.73%
Theoretical Best
Warehouse
$2.89M
$2.53M – $3.37M (±1% cap)
NOI $202,149 @ 7.0% cap · market cap 50.55%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

HVAC Service Electrical Service Building Supply Bar & Pub Coworking & Hybrid Office

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

FAQs

What type of property is this?
Grocery and convenience store - Established store with high traffic, expansion potential, and multiple revenue streams.
Where is this grocery and convenience store located?
The property is located at 12240 S Dixie Highway La Salle, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: High traffic location with excellent visibility (6,312 vehicles daily per MDOT).; Multiple revenue streams including lotto, tobacco, beer/wine, groceries, pizza/subs.; Turnkey operation: sale includes essential equipment like pizza ovens, freezers and beverage coolers.
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