Grocery And Convenience Store With
For Sale
$729,000
3963 W Maple Ridge 37th Road, Rock, MI 49880
COM/IND/BUS OPP, Rock, MI
Property Size4,103 SF
Lot Size0.76 Acres
Price / SF$177.67
Days on Market144
Property Features for 3963 W Maple Ridge 37th Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Lot features
Main Street, Utilities Above Ground
Subdivision
Maple Ridge Twp (21016)
Standard status
Active
Size
4,103 SF
Lot size
0.76 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3023
Utilities
Heating system
Oil
Cooling system
Central Air
Water source
Public
Amenities
commercial kitchen
propane gas range
freezers
walk-in coolers
office
utility room
restroom
storage areas
overhead access
propane filling station
ATM
Building Details
Year built
1940
Roof type
Metal, Asphalt
Listing Agency:
SELECT REALTY
(906) 228-2772
Listed By:
SHERRY MCCARTHY · License #UPAR
(906) 235-9077
Added: Mar 31
Changed: Aug 19
Last Checked: Aug 21 at 4:06AM
MLS# 50203027
Copyright © 2026 Upper Peninsula Association 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.
Investment Insights
Based on property information with market context.
This 4103-square-foot grocery and convenience store includes an updated sales area with expanded shelving, a commercial kitchen, prep space, propane gas range, freezers, and walk-in coolers. The building also provides an office, utility room, restroom, large storage areas with overhead access, and side parking for approximately eight vehicles. Owned fuel infrastructure includes dual gas pumps and an above-ground double-walled fuel tank, while a dedicated propane filling station and storage shed support additional on-site service. Recent electrical work, cooling system monitoring, and equipment improvements are also in place.
Located at 3963 W Maple Ridge 37th Road in Rock, Michigan, the property is zoned Commercial and occupies 0.76 acres. The building dates to 1940 and has central air, oil heating, public water, and metal and asphalt roofing. An ATM is installed on the premises and generates monthly income.
Located at 3963 W Maple Ridge 37th Road in Rock, Michigan, the property is zoned Commercial and occupies 0.76 acres. The building dates to 1940 and has central air, oil heating, public water, and metal and asphalt roofing. An ATM is installed on the premises and generates monthly income.
Key Highlights
- 4103‑square‑foot grocery and convenience store on 0.76 acres
- Dual gas pumps with an above‑ground double‑walled fuel tank
- Commercial kitchen with prep space, propane gas range, freezers, and walk‑in coolers
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,950
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,079,000
$1.1M
Cap Rate 7%
$770,714
$770.7K
Cap Rate 9%
$599,444
$599.4K
Market Conditions
NOI Build-Up for 4,103 SF
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.
Gross rent
$73.9K $18.00/SF
− Vacancy
−$1.9K −$0.47/SF
EGI
$71.9K $17.53/SF
− OpEx
−$18.0K −$4.38/SF
NOI
$54.0K $13.15/SF
Area
Delta County, MI
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,079,000
Cap Rate 7%
$770,714
Cap Rate 9%
$599,444
Alternative Uses
Best Use
Specialty Retail
$770.7K
$674.4K – $899.2K
NOI $53,950 @ 7.0% cap · market cap 7.40%
Second Best
Retail
$505.3K
$442.1K – $589.5K
NOI $35,370 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$803.2K
$702.8K – $937.1K
NOI $56,224 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49880, MI
971
Population
819
Households
1.2
Avg Household Size
54
Median Age
14%
College-Educated
91%
High-School Grad
216.3 sq mi
ZIP Area
4
Density / Sq Mi
$63,581
Median Household Income
$31,991
Median Earnings
$682
Median Rent
$130,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The property combines a commercial kitchen, propane filling station, fuel equipment, and side parking in one operating location.
Where is this grocery and convenience store located?
The property is located at 3963 W Maple Ridge 37th Road Rock, MI.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: 4103‑square‑foot grocery and convenience store on 0.76 acres; Dual gas pumps with an above‑ground double‑walled fuel tank; Commercial kitchen with prep space, propane gas range, freezers, and walk‑in coolers
