Turnkey Retail Store with
5460 Orleans Rd Orleans, MI 48865
5460 Orleans Rd, Orleans, MI, 48865
$299,900
For Sale
$299,900
Fully stocked retail store with beer, wine, and liquor license.
Property Size1,000 SF
Lot Size0.20 Acres
Price / SF$299.90
Days on Market129
Property Features for 5460 Orleans Rd
General Information
- Standard status
- Active
- Size
- 1,000 SF
- Lot size
- 0.20 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1984
Listing Agency
Greenridge Realty Inc.
(616) 902-2235
Listed by
Darin K Elliott
(616) 902-2235
Source
Elliman
Added: Mar 10 Checked: Jul 15 at 10:02 pm
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 Greenridge Realty Inc.
Investment Insights
Based on property information with market context.
This 1,000 sq. ft. retail store is a turnkey operation located less than 1/2 mile from M-44 in the heart of Orleans. The store has been completely overhauled within the past 2 years, featuring a new roof, siding, and mechanical systems. The interior includes rustic wood wall coverings, ceilings, updated fixtures, and tile flooring throughout. It features a full kitchen with new equipment and appliances, an automated ice maker/pop system, a coffee/cappuccino station, and a soft serve machine. The store is outfitted with walls of commercial coolers, an ice cream freezer, and an eating area. It has an extended retail food license and a beer, wine, and liquor license (including Sun Sales). The sale includes a fully stocked store, cigarettes, a full vape case, and additional retail items.
Key Highlights
- Exceptional revenue opportunity with the only beer, wine, and liquor license (including Sunday sales) within several miles.
- Turnkey operation with a fully stocked store, including cigarettes and a full vape case.
- Completely renovated within the past 2 years, featuring a new roof, siding, mechanical systems, rustic wood finishes, updated fixtures, and tile flooring.
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 | $19.0k | $18.96 |
| − Vacancy | −$1.2k | −$1.18 |
| EGI | $17.8k | $17.78 |
| − OpEx | −$4.4k | −$4.45 |
| NOI | $13.3k | $13.34 |
1,000 SF · lease $18.96/SF/yr · vacancy 6.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$190.5K
$166.7K – $222.3K
NOI $13,338 @ 7.0% cap · market cap 4.45%
Second Best
Retail
$139.5K
$122.1K – $162.8K
NOI $9,765 @ 7.0% cap · market cap 3.26%
Theoretical Best
—
—
same as Best Use
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
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - Fully stocked retail store with beer, wine, and liquor license.
Where is this grocery and convenience store located?
The property is located at 5460 Orleans Rd Orleans, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Exceptional revenue opportunity with the only beer, wine, and liquor license (including Sunday sales) within several miles.; Turnkey operation with a fully stocked store, including cigarettes and a full vape case.; Completely renovated within the past 2 years, featuring a new roof, siding, mechanical systems, rustic wood finishes, updated fixtures, and tile flooring.
