Corner Former Liquor Store
3497 E Sanilac Rd Caro, MI 48723
3497 E Sanilac Rd, Caro, MI, 48723
$319,000
For Sale
$319,000
Former liquor store on a highly visible corner lot, zoned for liquor store use with a full basement.
Property Size1,200 SF
Lot Size2.27 Acres
Price / SF$265.83
Days on Market51
Property Features for 3497 E Sanilac Rd
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Lot size
- 2.27 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agency
Keller Williams Home
(248) 275-7291
Listed by
Dairek Yaldoo · License #375066
(248) 275-7291
Source
Elliman
Added: Jun 1 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 6:46AM
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 Keller Williams Home
Investment Insights
Based on property information with market context.
This property is a former liquor store building on a highly visible corner lot. The building includes approximately 1,200 square feet of retail space plus a full basement. The site is described as consisting of approximately 2.27 acres, and the property is available for purchase as a building only or together with the liquor license, depending on the buyer’s needs.
The asset is positioned for storefront visibility on a corner lot, and the property is noted as zoned for liquor store use. With the purchase options that include the liquor license, the configuration may be especially relevant for buyers seeking continuity of use.
For an owner-user, the existing liquor store zoning and dedicated storefront building can support continued retail operations. For investors or developers, the combination of a freestanding retail building, basement area, and corner-lot presence provides a practical platform for adaptive reuse or redevelopment planning, subject to applicable approvals.
The asset is positioned for storefront visibility on a corner lot, and the property is noted as zoned for liquor store use. With the purchase options that include the liquor license, the configuration may be especially relevant for buyers seeking continuity of use.
For an owner-user, the existing liquor store zoning and dedicated storefront building can support continued retail operations. For investors or developers, the combination of a freestanding retail building, basement area, and corner-lot presence provides a practical platform for adaptive reuse or redevelopment planning, subject to applicable approvals.
Key Highlights
- Former liquor store on a highly visible corner lot totaling approximately 2.27 acres in Caro
- Zoned for liquor store use
- Building includes approximately 1,200 SF plus a full basement
Local Financial Insights For 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 | $18.6k | $15.48 |
| − Vacancy | −$780 | −$0.65 |
| EGI | $17.8k | $14.83 |
| − OpEx | −$5.3k | −$4.45 |
| NOI | $12.5k | $10.38 |
1,200 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$178.0K
$155.7K – $207.6K
NOI $12,457 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$870.2K
$761.5K – $1.02M
NOI $60,916 @ 7.0% cap · market cap 19.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
M46 brother party ...
(Bike/Boat/Book/etc) Store
M46 brothers party ...
Party Supply Store
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Former liquor store on a highly visible corner lot, zoned for liquor store use with a full basement.
Where is this storefront property located?
The property is located at 3497 E Sanilac Rd Caro, MI.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Former liquor store on a highly visible corner lot totaling approximately 2.27 acres in Caro; Zoned for liquor store use; Building includes approximately 1,200 SF plus a full basement
