Convenience Store with Full
For Sale
$299,900
5460 Orleans Rd, Orleans, MI 48865
Recently renovated retail operation with food-service equipment, beverage systems, coolers, and an extended retail food license.
Property Size1,000 SF
Price / SF$299.90
Days on Market377
Property Features for 5460 Orleans Rd
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Amenities
full kitchen
automated ice maker/pop system
coffee/cappuccino station
Soft Serve machine
commercial coolers
ice cream freezer
eating area
Building Details
Year Built
1984
Listing Agency:
Greenridge Realty (Ionia)
Listed By:
Darin K Elliott
(616) 902-2235
Source:
Metrodetroithomeguide
Added: Oct 3, 2025
Changed: Oct 1
Last Checked: Oct 12 at 8:33PM
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 Greenridge Realty (Ionia)
Investment Insights
Based on property information with market context.
This convenience retail property offers a 1,000-square-foot store with a full kitchen, updated food-service equipment and appliances, an automated ice maker and beverage system, a coffee and cappuccino station, and a soft-serve machine. The interior includes commercial coolers, an ice cream freezer, an eating area, tile flooring, rustic wood finishes, updated fixtures, and refreshed mechanical systems. Improvements completed within the past 2 years include a new roof and siding.
The property is located at 5460 Orleans Road in Orleans, Michigan, less than ½ mile from M-44. The sale includes the stocked retail operation, cigarettes, a full vape case, and additional retail merchandise. An extended retail food license is in place, along with a beer, wine, and liquor license that includes Sun Sales. The building was constructed in 1984.
The property is located at 5460 Orleans Road in Orleans, Michigan, less than ½ mile from M-44. The sale includes the stocked retail operation, cigarettes, a full vape case, and additional retail merchandise. An extended retail food license is in place, along with a beer, wine, and liquor license that includes Sun Sales. The building was constructed in 1984.
Key Highlights
- 1,000 sq. ft. convenience retail store
- Renovations completed within the past 2 years
- New roof, siding, and mechanical systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,338
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,760
$266.8K
Cap Rate 7%
$190,543
$190.5K
Cap Rate 9%
$148,200
$148.2K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$19.0K $18.96/SF
− Vacancy
−$1.2K −$1.18/SF
EGI
$17.8K $17.78/SF
− OpEx
−$4.4K −$4.45/SF
NOI
$13.3K $13.34/SF
Area
Ionia County, MI
Vacancy
6.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,760
Cap Rate 7%
$190,543
Cap Rate 9%
$148,200
Alternative Uses
Best Use
Specialty Retail
$190.5K
$166.7K – $222.3K
NOI $13,338 @ 7.0% cap · market cap 4.45%
Second Best
Retail
$139.5K
$122.1K – $162.8K
NOI $9,765 @ 7.0% cap · market cap 3.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48865, MI
1,756
Population
698
Households
2.5
Avg Household Size
43
Median Age
12%
College-Educated
90%
High-School Grad
21.4 sq mi
ZIP Area
82
Density / Sq Mi
$68,889
Median Household Income
$41,667
Median Earnings
$782
Median Rent
$123,400
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
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Recently renovated retail operation with food-service equipment, beverage systems, coolers, and an extended retail food license.
Where is this grocery and convenience store located?
The property is located at 5460 Orleans Rd Orleans, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,000 sq. ft. convenience retail store; Renovations completed within the past 2 years; New roof, siding, and mechanical systems
