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Grocery and Convenience Store Near Torch Lake
For Sale
$699,900

12938 CHERRY AVE, Rapid City, MI 49676

Commercial shop with direct access to Torch River Marine and an accessible ramp.

Property Size2,784 SF
Price / SF$251.40
Days on Market12

Property Features for 12938 CHERRY AVE

General Information

Standard status Active
Size 2,784 SF
Property subtype Industrial

Additional Details

Business Included Yes

Amenities

Central Air
Metal
5015050150

Building Details

Year Built 1927
Listing Agency:
Listed By: Bayside Real Estate
Source: Xome
Added: Aug 17 Changed: Aug 28 Last Checked: Aug 28 at 8:45AM

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 Bayside Real Estate

Investment Insights

Based on property information with market context.

The property is a grocery and convenience store with 2,784 square feet of space, central air, and metal exterior construction. Built in 1927, the building supports an established retail format in a waterfront-oriented setting.

Located at 12938 CHERRY AVE in Rapid City, the store sits across from Torch Lake near the Torch River Bridge. The rear of the shop connects directly to Torch River Marine, with an accessible ramp providing a direct route to the business. The surrounding customer base includes local residents, hunters, skiers, and snowmobile enthusiasts, with activity described across both summer and winter seasons.

Key Highlights

  • 2,784‑square‑foot grocery and convenience store
  • Built in 1927 with central air
  • Metal exterior construction

Property Analytics

Current Use

Fabiano’s Torch River ... Grocery & Convenience Store Torch River Market Grocery & Convenience Store

Suggested Use

Top Pick Building Supply Electrical Service Big Box & Wholesale Store Storage Facility Garden Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

37
Businesses Nearby
Well-served
Demand for This Use

Demographics for 49676, MI

3,527
Population
2,470
Households
1.4
Avg Household Size
48
Median Age
31%
College-Educated
96%
High-School Grad
41.0 sq mi
ZIP Area
86
Density / Sq Mi
$67,479
Median Household Income
$41,117
Median Earnings
$951
Median Rent
$241,200
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Commercial shop with direct access to Torch River Marine and an accessible ramp.
Where is this grocery and convenience store located?
The property is located at 12938 CHERRY AVE Rapid City, MI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 2,784‑square‑foot grocery and convenience store; Built in 1927 with central air; Metal exterior construction
More about this property
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