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Turn-Key Grocery and Meat Market

7878 Gratiot Avenue, Columbus Township, MI 48063

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For Sale

$650,000

Established grocery, meat market, and deli with real estate included.

Type:Commercial/Industrial

Property size:

3,128 SF

Price / SF:

$207/SF

HighLights

Turn‑key business opportunity with an established customer base of 50 years.
Includes all fixtures, inventory, licenses (transferrable upon approval), trade secrets, buildings, acreage, and home.
Diverse revenue streams from small grocery, meat market, deli, beer and liquor sales.
Specializes in homemade jerky, sticks, sausages, and custom‑cut meats.
Offers carry‑out food options: pizza, ribs, chicken, and nachos.
Includes real property (buildings, acreage, and home).

We can help!

Contact an agent

Debbie A Bridges

Learn more

For Sale

$650,000

Established grocery, meat market, and deli with real estate included.

Type:Commercial/Industrial

Property size:

3,128 SF

Price / SF:

$207/SF

Added:: May 3, 2024
Days on Market:: 795
Last Refresh:: Apr 11 at 8:45 pm

Property Features for 7878 Gratiot Avenue

General Information

Standard status: Active
Size: 3,128 SF
Property subtype: Commercial/Industrial

Building Details

Year Built: 1945

We can help!

Contact an agent

Debbie A Bridges

Listing office RE/MAX First

Listing date May 3, 2024

Source Exitrealty

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

All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX First

HighLights

Turn‑key business opportunity with an established customer base of 50 years.
Includes all fixtures, inventory, licenses (transferrable upon approval), trade secrets, buildings, acreage, and home.
Diverse revenue streams from small grocery, meat market, deli, beer and liquor sales.
Specializes in homemade jerky, sticks, sausages, and custom‑cut meats.
Offers carry‑out food options: pizza, ribs, chicken, and nachos.
Includes real property (buildings, acreage, and home).

Overview

This is an opportunity to acquire a turn-key business that has been family-owned for 50 years and is a community staple. Included in the sale are all fixtures, inventory, licenses (subject to state approval for transfer), trade secrets, buildings, acreage, and a home. The store is a small grocery offering a meat market, deli counter, and beer and liquor sales. Unique items are available throughout the store, with homemade jerky and sticks being customer favorites, along with ground beef, steaks cut to size, and homemade sausages. The store also offers pizza, ribs, chicken, nachos, and other foods for carry out. The property size is 3128 square feet. Purchaser to verify any/all information for accuracy, agent relied solely on BS&A Assessing.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$59.3k	$18.96
− Vacancy	−$1.5k	−$0.49
EGI	$57.8k	$18.47
− OpEx	−$14.4k	−$4.62
NOI	$43.3k	$13.85

3,128 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$618.9K

$541.6K – $722.1K (±1% cap)

NOI $43,324 @ 7.0% cap · market cap 6.67%

Second Best

Retail

$577.6K

$505.4K – $673.9K (±1% cap)

NOI $40,435 @ 7.0% cap · market cap 6.22%

Theoretical Best

Multifamily LT 5

$2.35M

$2.06M – $2.74M (±1% cap)

NOI $164,607 @ 7.0% cap · market cap 25.32%

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

Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Location Insight

Map
Local Demand

City: Columbus Township
County: St. Clair
State: Michigan
Longitude: -82.632454
Latitude: 42.854595

What type of property is this?

Grocery and convenience store - Established grocery, meat market, and deli with real estate included.

Where is this grocery and convenience store located?

The property is located at 7878 Gratiot Avenue Columbus Township, 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: Turn‑key business opportunity with an established customer base of 50 years.; Includes all fixtures, inventory, licenses (transferrable upon approval), trade secrets, buildings, acreage, and home.; Diverse revenue streams from small grocery, meat market, deli, beer and liquor sales.