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Retail Condo with Double Service Doors
For Sale
$225,000

5-1681 Benzie Hwy, Benzonia, MI 49616

Retail condo unit in a grocery-anchored center with high ceilings, multiple utilities, and rear double service doors.

Property Size2,381 SF
Price / SF$94.50
Days on Market195

Property Features for 5-1681 Benzie Hwy

General Information

Standard status Active
Size 2,381 SF

Warehouse & Industrial

Clear Height 15 ft
Heavy Power Yes

Additional Details

Business Included Yes
Listing Agency: Three West, LLC
Listed By: Bill Somerville · License #6501400610
Source: Exprealty
Added: Mar 2 Changed: Sep 9 Last Checked: Sep 13 at 12:31PM

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 offering is a retail condo unit totaling 2,381 square feet within a Family Fare grocer-anchored retail center. The space is configured for flexible retail or office use and includes a fifteen-foot ceiling height to beams, a restroom, and rear double service doors for convenient back-of-house operations. Utility service includes three-phase 230V electric and multiple water connections.

The center is described as being in a high-traffic location on U3-31 and is set up with plenty of parking. The unit is positioned next to Family Fare, with other nearby retail tenants including True Value, ACE Hardware, Sav-A-Lot grocery, and Family Dollar. The surrounding area also includes proximity to the Crystal Lake resort and the Crystal Mountain ski and golf resort.

The space is available turnkey with an established dry cleaner business and equipment included for an additional $25,000, and the seller states there is no competing dry cleaner for 30 miles. The seller is retiring and will assist with transition, and equipment can be removed if preferred.

Key Highlights

  • Retail condo unit with 2,381 SF in a Family Fare grocer‑anchored retail center
  • 3‑phase/230V electric and multiple water connections
  • 15‑foot ceiling height to beams

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Dental Office HVAC Service Big Box & Wholesale Store Pharmacy Auto Repair Shop 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.

Lease Details

15 ft
Clear height
Turnkey business
Opportunity
Yes
Heavy power

Location Intelligence

Trade Area within ½ mile

117
Businesses Nearby
19k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 46% Home Improvements & Furnishings 37% Groceries 14% Electronics 2%
Tractor Supply Co. Home Improvements & Furnishings
7,174 visits/mo 0.3 miles
Mobil Shops & Services
5,777 visits/mo 0.3 miles
Family Dollar Shops & Services
3,143 visits/mo 0.4 miles
Save-A-Lot Groceries
2,768 visits/mo 0.5 miles
Verizon Electronics
455 visits/mo 0.4 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 a grocery-anchored center with high ceilings, multiple utilities, and rear double service doors.
Where is this retail space located?
The property is located at 5-1681 Benzie Hwy 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: Retail condo unit with 2,381 SF in a Family Fare grocer‑anchored retail center; 3‑phase/230V electric and multiple water connections; 15‑foot ceiling height to beams
More about this property
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