Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Retail Storefront Title is generated by Realmo AI

    3519 E Sage Lake Rd, Lupton, MI 48635

    View on Map
    Claim this Listing
    New
    For Sale
    $315,000

    Corner retail setup with road access on two sides, extensive refrigeration, and a beer and wine license included.

    Type:Commercial
    Lot size:
    2.00 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 2:35 am

    Property Features for 3519 E Sage Lake Rd

    General Information

    Standard status
    Active
    Lot size
    2.00 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1975

    We can help!

    Listing Contact
    DeAnna M Fulco

    Listing agent DeAnna M Fulco

    Listing office

    Listing date Jun 1, 2026

    Source Elliman

    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 DeAnna M Fulco

    HighLights

    • 2‑acre corner parcel with access from Sage Lake Road and Shady Shores Road
    • Over 650,000 annual vehicles passing by (MDOT) plus a billboard with 16 advertising spaces generating $7,200+ annually
    • Recent improvements include walk‑in beer cave cooler, ice machine, outdoor freezer, and a commercial 3‑compartment stainless sink
    • Tankless water heater and new well; three‑phase electric; beer and wine license included
    • Attached garage with shelving, office space, and restroom, plus RV hookup and a firewood sales area
    • Commercial zoning on both parcels; inventory and contents negotiable

    Overview

    CJ's Beer, Bait & Tackle Shop is offered on a level 2-acre corner parcel configured for retail and related sales. The property includes an attached garage with shelving, office space, and a restroom, along with three-phase electric service and a tankless water heater and new well. On-site operations are supported by a walk-in beer cave cooler, an ice machine, and an outdoor freezer for ice sales. A commercial 3-compartment stainless sink is also in place for potential coffee or food service, plus an RV hookup and a firewood sales area.

    The site provides access from both Sage Lake Road and Shady Shores Road. According to MDOT, the location sees over 650,000 annual vehicles passing by. Additional revenue is generated by a large billboard with 16 advertising spaces. The property sits near the Rifle River Recreation Area, multiple campgrounds, and more than 15 inland lakes.

    Designed for a turn-key retail operator, the inclusion of the beer and wine license supports continued alcohol-focused sales in an existing convenience-oriented layout. Three-phase power, existing refrigeration, and the outdoor ice setup may also support related retail concepts tied to local recreation activity. Commercial zoning is described on both parcels, and the seller references development possibilities such as a gas station, storage units, or expanded retail operations. Inventory and contents are negotiable.
    Location Intelligence

    Current Use by Public Records

    CJ'S BEER BAIT ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Storage Facility Wine and Liquor Store Bed & Breakfast Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lupton
    County
    Ogemaw
    State
    Michigan
    Longitude
    -83.981991
    Latitude
    44.363793

    FAQs

    What type of property is this?
    Storefront property - Corner retail setup with road access on two sides, extensive refrigeration, and a beer and wine license included.
    Where is this storefront property located?
    The property is located at 3519 E Sage Lake Rd Lupton, MI.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: 2‑acre corner parcel with access from Sage Lake Road and Shady Shores Road; Over 650,000 annual vehicles passing by (MDOT) plus a billboard with 16 advertising spaces generating $7,200+ annually; Recent improvements include walk‑in beer cave cooler, ice machine, outdoor freezer, and a commercial 3‑compartment stainless sink
    (616) 890-6140
    We can help!
    Listing Contact
    DeAnna M Fulco
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3519 E Sage Lake Rd, HillTownship_Ogemaw, MI 48635
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!