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Retail Store on 1.14 Acres
For Sale
$199,900

1372 E LAKE Rd, Clio, MI 48420

3,270 +/- SF convenience store on 1.14 +/- acres.

Property Size3,270 SF
Lot Size1.14 Acres
Price / SF$61.13
Days on Market163

Property Features for 1372 E LAKE Rd

General Information

Standard status Active
Size 3,270 SF
Lot size 1.14 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $6,448

Building Details

Building Size 3,270 SF
Year Built 2010
Listing Agency: James Galbraith
Listed By: James M Galbraith
Source: Elliman
Added: Mar 12 Changed: Aug 15 Last Checked: Aug 20 at 11:53AM

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 James Galbraith

Investment Insights

Based on property information with market context.

Available for sale is a 3,270 +/- square foot convenience store, constructed in 2010 and situated on a 1.14 +/- acre lot. Zoned LC- Local Commercial, the retail property is suitable for various commercial establishments. The property is located on the southwest corner of E. Lake Road and N. Lewis Road. The sale includes a beer and wine license.

Key Highlights

  • Includes a beer and wine license.
  • Located on the southwest corner of E. Lake Road and N. Lewis Road.
  • Zoned LC- Local Commercial, ideal for many commercial establishments.

Property Analytics

Current Use

Lake Market Grocery & Convenience Store

Suggested Use

Top Pick Auto Repair Shop Building Supply Big Box & Wholesale Store HVAC Service 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.

Location Intelligence

Trade Area within ½ mile

15
Businesses Nearby
Well-served
Demand for This Use

Demographics for 48420, MI

21,771
Population
9,136
Households
2.4
Avg Household Size
45
Median Age
18%
College-Educated
91%
High-School Grad
66.4 sq mi
ZIP Area
328
Density / Sq Mi
$63,427
Median Household Income
$40,420
Median Earnings
$797
Median Rent
$177,800
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 - 3,270 +/- SF convenience store on 1.14 +/- acres.
Where is this grocery and convenience store located?
The property is located at 1372 E LAKE Rd Clio, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Includes a beer and wine license.; Located on the southwest corner of E. Lake Road and N. Lewis Road.; Zoned LC- Local Commercial, ideal for many commercial establishments.
More about this property
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