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Retail Condo in Benzonia
For Sale
$225,000

1681 Benzie Hwy Unit 5, Benzonia, MI 49616

Retail condo unit in high-traffic location near Crystal Lake.

Property Size2,381 SF
Price / SF$94.50
Days on Market121

Property Features for 1681 Benzie Hwy Unit 5

General Information

Standard status Active
Size 2,381 SF
Property subtype Strip Center

Building Details

Building Size 2,381 SF
Year Built 1978
Listing Agency: Three West LLC
Listed By: Bill Somerville · License #6501400610
Source: Thebrokerlist
Added: Apr 26 Changed: Aug 23 Last Checked: Aug 23 at 9:08AM

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 Three West LLC

Investment Insights

Based on property information with market context.

This retail condo unit offers 2,381 square feet of space within a Family Fare grocer-anchored retail center. The location benefits from high traffic on U3-31, making it suitable for various retail and office uses. Ample parking is available. The unit features three-phase/230V electric power, multiple water connections, a fifteen-foot ceiling height to the beams, a restroom, and rear double service doors. Its prime location is next to Family Fare. Other nearby retailers include True Value, ACE Hardware, Sav-A-Lot grocery, and Family Dollar. The property is close to the Crystal Lake resort area and Crystal Mountain ski/golf resort. The unit is available turnkey with an established dry cleaner business and equipment included for an additional $25,000. This serves a large trade area with no competing dry cleaner for 30 miles. The seller is retiring and will assist with the transition. The seller will remove the equipment if preferred.

Key Highlights

  • Prime location next to Family Fare in high‑traffic retail center on U3‑31.
  • Versatile retail condo unit (2,381 sq. ft.) suitable for various retail or office uses.
  • Ample parking, three‑phase/230V electric, multiple water connections, 15‑foot ceilings, restroom, and rear service doors.

Property Analytics

Current Use

H&R Block Tax Preparation Studio 817 Hair Salon Robbie's Dry Cleaners (Bike/Boat/Book/etc) Store Upriver Pizza Restaurant

Suggested Use

Top Pick Auto Repair Shop HVAC Service Big Box & Wholesale Store Building Supply (Bike/Boat/Book/etc) Store Bakery

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

111
Businesses Nearby
45k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 38% Dining 29% Home Improvements & Furnishings 25% Shops & Services 7%
Family Fare Groceries
14,417 visits/mo 0.2 miles
McDonald's Dining
13,184 visits/mo 0.1 miles
Tractor Supply Co. Home Improvements & Furnishings
7,174 visits/mo 0.3 miles
Nugent Ace Hardware Home Improvements & Furnishings
4,041 visits/mo 0.1 miles
Family Dollar Shops & Services
3,143 visits/mo 0.1 miles

Demographics for 49616, MI

2,068
Population
1,096
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
95%
High-School Grad
36.2 sq mi
ZIP Area
57
Density / Sq Mi
$49,224
Median Household Income
$30,846
Median Earnings
$594
Median Rent
$204,100
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
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Frequently Asked Questions

What type of property is this?
Retail space - Retail condo unit in high-traffic location near Crystal Lake.
Where is this retail space located?
The property is located at 1681 Benzie Hwy Unit 5 Benzonia, MI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Prime location next to Family Fare in high‑traffic retail center on U3‑31.; Versatile retail condo unit (2,381 sq. ft.) suitable for various retail or office uses.; Ample parking, three‑phase/230V electric, multiple water connections, 15‑foot ceilings, restroom, and rear service doors.
More about this property
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