Grocery Store with Car
For Sale
$650,000
503 N Huron Road, Linwood, MI 48634
Party store and meat market with included equipment, beverage licensing, lottery operation, and cooler.
Property Size4,700 SF
Days on Market21
Property Features for 503 N Huron Road
General Information
Standard status
Active
Size
4,700 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Business Included
Yes
Building Details
Building Size
4,700 SF
Year Built
1970
Listing Agency:
RE/MAX New Image
(989) 280-2622
Listed By:
Patrick Devereaux · License #6501180276
(989) 280-2622
Source:
Phgrealty
Added: Aug 4
Changed: Aug 23
Last Checked: Aug 23 at 10:05AM
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 RE/MAX New Image
Investment Insights
Based on property information with market context.
This commercial property combines a party store, meat market, and car wash at 503 N Huron Rd in FraserTownship_Bay, Michigan. The sale includes the existing equipment, beer, wine, and liquor license, along with operation of Lotto. The buildings and cooler are described as being in good condition.
Constructed in 1970, the property offers multiple operating components within one commercial asset, including retail sales, meat-market functionality, and car-wash service. The included equipment and existing operating elements provide a defined business configuration for continued use.
Constructed in 1970, the property offers multiple operating components within one commercial asset, including retail sales, meat-market functionality, and car-wash service. The included equipment and existing operating elements provide a defined business configuration for continued use.
Key Highlights
- Party store, meat market, and car wash included in one property
- Existing equipment included with the sale
- Beer, wine, and liquor license included
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
$48,019
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
7.39%
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%
$960,380
$960.4K
Cap Rate 7%
$685,986
$686.0K
Cap Rate 9%
$533,544
$533.5K
Market Conditions
NOI Build-Up for 4,700 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
$67.7K $14.40/SF
− Vacancy
−$3.7K −$0.78/SF
EGI
$64.0K $13.62/SF
− OpEx
−$16.0K −$3.41/SF
NOI
$48.0K $10.22/SF
Area
Bay County, MI
Vacancy
5.40%
Lease Rate
$14.40 /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%
$960,380
Cap Rate 7%
$685,986
Cap Rate 9%
$533,544
Alternative Uses
Best Use
Specialty Retail
$686.0K
$600.2K – $800.3K
NOI $48,019 @ 7.0% cap · market cap 7.39%
Second Best
Retail
$496.3K
$434.3K – $579.0K
NOI $34,742 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$850.8K
$744.5K – $992.6K
NOI $59,558 @ 7.0% cap · market cap 9.16%
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
12
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48634, MI
4,152
Population
2,098
Households
2
Avg Household Size
47
Median Age
19%
College-Educated
92%
High-School Grad
49.0 sq mi
ZIP Area
85
Density / Sq Mi
$78,929
Median Household Income
$49,016
Median Earnings
$754
Median Rent
$156,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Rickers Market — 3000-3498 N Huron Rd, Pinconning, MI 48650
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Party store and meat market with included equipment, beverage licensing, lottery operation, and cooler.
Where is this grocery and convenience store located?
The property is located at 503 N Huron Road Linwood, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Party store, meat market, and car wash included in one property; Existing equipment included with the sale; Beer, wine, and liquor license included
