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Admiral Petroleum Gas Station
New
For Sale
$2,156,586

324 W Main St, Lowell, MI 49331

Available on its own or as part of a multi-property purchase.

Property Size1,529 SF
Price / SF$1,410
Days on Market2

Property Features for 324 W Main St

General Information

Standard status Active
Size 1,529 SF
Property subtype Auto Service - Gas-Conv
Lease Type NNN

Amenities

Long Term Lease | Current Term Runs Through May 2036
Four, Five Year Renewal Options | Built-In Annual Rent Increases
Can be Purchased as an Individual Property or as Part of a Portfolio

Building Details

Building Size 1,529 SF
Listed By: Timothy Nichols · License #License(s): IL: 475.159619
Source: Marcusmillichap
Added: Oct 9 Changed: Oct 10 Last Checked: Oct 10 at 2:30AM

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 Timothy Nichols

Investment Insights

Based on property information with market context.

This gas station is identified as part of an Admiral Petroleum portfolio of 30 properties. The portfolio includes 29 assets in Michigan and one in Indiana, with properties offered individually or in larger groupings. This listing is associated with 324 W Main St in Lowell, Michigan.

Key Highlights

  • Part of a 30‑property Admiral Petroleum portfolio
  • Portfolio includes 29 Michigan assets and one Indiana asset
  • Available individually or as part of a larger package

Property Analytics

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Current Use

Shell Gas Station Western Union Bank ATM (Lemmen Shell) Atm

Suggested Use

Top Pick Law Firm Real Estate Agency Kitchen & Bath Showroom Parking Lot & Garage Storage Facility Garden Center

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

302
Businesses Nearby
24k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 89% Dining 11%
BP Shops & Services
6,174 visits/mo 0.4 miles
Shell Shops & Services
5,770 visits/mo 0.3 miles
Dollar General Shops & Services
5,175 visits/mo 0.1 miles
Huntington Bank Shops & Services
4,282 visits/mo 0.1 miles
Little Caesars Pizza Dining
2,596 visits/mo 0.4 miles

Demographics for 49331, MI

18,023
Population
7,208
Households
2.5
Avg Household Size
40
Median Age
39%
College-Educated
96%
High-School Grad
91.5 sq mi
ZIP Area
197
Density / Sq Mi
$92,443
Median Household Income
$49,286
Median Earnings
$1,109
Median Rent
$293,600
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

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?
Gas station - Available on its own or as part of a multi-property purchase.
Where is this gas station located?
The property is located at 324 W Main St Lowell, MI.
What is the asking price?
The asking price for this property is $2,156,586.
What are key features of this property?
This property features: Part of a 30‑property Admiral Petroleum portfolio; Portfolio includes 29 Michigan assets and one Indiana asset; Available individually or as part of a larger package
More about this property
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