Remodeled Convenience Store
1505 Bridge St Charlevoix, MI 49720
1505 Bridge St, Charlevoix, MI, 49720
$650,000
For Sale
$650,000
Remodeled 2,176 SF convenience store building with interior restroom, storage, and extensive included food service equipment.
Property Size2,176 SF
Price / SF$298.71
Days on Market19
Property Features for 1505 Bridge St
General Information
- Standard status
- Active
- Size
- 2,176 SF
Listing agency
REMAX Right Choice
(810) 397-3000
Listed by
Michael J Davidson · License #122148
(810) 397-3000
Source
Exprealty
Added: Jul 3 Updated: Jul 21 at 3:30AM Checked: Jul 21 at 3:30AM
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 REMAX Right Choice
Investment Insights
Based on property information with market context.
This sale offering includes a 2,176-square-foot commercial building that was formerly operated as a gas station and convenience store. The interior has been freshly remodeled, and the property is set up for day-to-day service with a functional floor plan, ample storage, and an interior restroom. A video surveillance system is included.
The sale also comes with an extensive inventory of business equipment, including commercial coolers, an ice machine, soda fountain equipment, hot dog cookers, display shelving, and a newer cash register system, among other items.
The property’s layout and existing infrastructure provide flexibility for a range of retail and food-oriented uses, subject to applicable approvals, including a convenience market, specialty retail, café, deli, gourmet food shop, beverage center, or related concepts.
The sale also comes with an extensive inventory of business equipment, including commercial coolers, an ice machine, soda fountain equipment, hot dog cookers, display shelving, and a newer cash register system, among other items.
The property’s layout and existing infrastructure provide flexibility for a range of retail and food-oriented uses, subject to applicable approvals, including a convenience market, specialty retail, café, deli, gourmet food shop, beverage center, or related concepts.
Key Highlights
- 2,176 SF commercial building at 1505 Bridge Street, Charlevoix, with freshly remodeled interior
- Includes extensive food service equipment: commercial coolers, ice machine, soda fountain equipment, and hot dog cookers
- On‑site equipment also includes display shelving and a newer cash register system
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 | $41.8k | $19.20 |
| − Vacancy | −$2.9k | −$1.34 |
| EGI | $38.9k | $17.86 |
| − OpEx | −$11.7k | −$5.36 |
| NOI | $27.2k | $12.50 |
2,176 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$388.5K
$340.0K – $453.3K
NOI $27,198 @ 7.0% cap · market cap 4.18%
Second Best
Specialty Retail
$372.6K
$326.1K – $434.8K
NOI $26,085 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$440.5K
$385.4K – $513.9K
NOI $30,833 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Western Union
Bank
Marathon Gas
Gas Station
Next Door Store
Grocery & Convenience Store
Similar For Sale Nearby
Similar Off Market Nearby
- Family Fare Supermarket — 111 M-66, Charlevoix, MI 49720
FAQs
What type of property is this?
Grocery and convenience store - Remodeled 2,176 SF convenience store building with interior restroom, storage, and extensive included food service equipment.
Where is this grocery and convenience store located?
The property is located at 1505 Bridge St Charlevoix, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,176 SF commercial building at 1505 Bridge Street, Charlevoix, with freshly remodeled interior; Includes extensive food service equipment: commercial coolers, ice machine, soda fountain equipment, and hot dog cookers; On‑site equipment also includes display shelving and a newer cash register system
