Sporting Goods
For Sale
$795,000
141 State Street, Hillman, MI 49746
Commercial Sale, Hillman, MI
Property Size5,934 SF
Price / SF$133.97
Days on Market668
Property Features for 141 State Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Commercial
Parking features
Parking Lot
Basement
Partial
Subdivision
T31N, R4E
Directions
SW Corner of State St & First St.
Standard status
Active
APN
044-210-000-001-00
Size
5,934 SF
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Taxes and HOA fees
Tax Description
Lot 1, Block 10 Village of Hillman
Tax Annual Amount
4050
Legal Description
Lot 1, Block 10 Village of Hillman
Utilities
Sewer type
Public Sewer
Building Details
Building materials
Block
Listing Agency:
Banner Realty
(989) 356-1177
Listed By:
Lisa Timm · License #6502127329
(989) 657-2856
Added: Dec 31, 2024
Changed: Oct 27
Last Checked: Oct 30 at 6:06PM
MLS# 201832996
Copyright © 2026 Water Wonderland Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This commercial storefront in Hillman is paired with an established sporting goods business. The family-operated enterprise has served Northern Michigan for more than 40 years and is open seven days a week. Its offerings include fishing and archery equipment, firearms and ammunition, boots, clothing, high-visibility apparel, bait, and DNR licenses, along with specialized services and contracts.
The sale includes the real estate, business goodwill, and inventory, with final inventory subject to the amount on hand at closing. The business reports a 10% cap rate. Store and business licenses are subject to required approvals. The building is block construction, with a parking lot and public sewer.
The sale includes the real estate, business goodwill, and inventory, with final inventory subject to the amount on hand at closing. The business reports a 10% cap rate. Store and business licenses are subject to required approvals. The building is block construction, with a parking lot and public sewer.
Key Highlights
- 10% cap rate
- Family‑operated sporting goods business with more than 40 years serving Northern Michigan
- Open seven days a week
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49746, MI
3,320
Population
2,689
Households
1.2
Avg Household Size
53
Median Age
13%
College-Educated
90%
High-School Grad
209.6 sq mi
ZIP Area
16
Density / Sq Mi
$47,776
Median Household Income
$34,189
Median Earnings
$644
Median Rent
$143,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - The retail operation offers outdoor equipment, apparel, licensing services, bait, and related merchandise.
Where is this storefront property located?
The property is located at 141 State Street Hillman, MI.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 10% cap rate; Family‑operated sporting goods business with more than 40 years serving Northern Michigan; Open seven days a week
