Grocery and Convenience
For Sale
$299,900
5460 Orleans Road, Orleans, MI 48865
Commercial Sale, Orleans, MI
Property Size1,000 SF
Lot Size0.20 Acres
Price / SF$299.90
Days on Market267
Property Features for 5460 Orleans Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
7
Interior features
Broadband
Elementary school district
Belding
Middle school district
Belding
High school district
Belding
Directions
Belding Rd/M44 to Orleans Rd, South to Sean's Pop Shop
Subdivision
Grand Rapids - G
Standard status
Active
APN
120-150-000-025-00
Size
1,000 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VILLAGE OF PALMER W 50FT OF LOTS 2 & 3 SEC. 22 T8N R7W
Tax Annual Amount
681
Legal Description
VILLAGE OF PALMER W 50FT OF LOTS 2 & 3 SEC. 22 T8N R7W
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Water source
Well
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
Floors in Building
1
Number of units
1
Building materials
Vinyl Siding
Roof type
Metal
Listing Agency:
Greenridge Realty (Ionia)
(616) 527-3720
Listed By:
Darin K Elliott
(616) 902-2235
Added: Jan 12
Changed: Sep 12
Last Checked: Oct 6 at 12:06AM
MLS# 26001426
Copyright © 2026 Michigan Regional Information Center, LLC. 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 1,000-square-foot grocery and convenience store occupies a 0.2-acre site at 5460 Orleans Road. The 1984 building has received extensive improvements within the past 2 years, including a metal roof, vinyl siding, updated mechanical systems, tile flooring, finished wood surfaces, and refreshed fixtures. Interior amenities include a full kitchen with equipment and appliances, an automated ice and soft-drink system, coffee and cappuccino service, a soft-serve machine, commercial coolers, an ice cream freezer, an eating area, and one bathroom.
The property is located in Orleans, less than 1/2 mile from M-44. An extended retail food license and the only beer, wine, and liquor license within several miles are included among the operating features. The offering also includes stocked merchandise, cigarettes, a vape display, and other retail inventory. Additional property infrastructure includes broadband, available electricity, a well, and a septic tank.
The property is located in Orleans, less than 1/2 mile from M-44. An extended retail food license and the only beer, wine, and liquor license within several miles are included among the operating features. The offering also includes stocked merchandise, cigarettes, a vape display, and other retail inventory. Additional property infrastructure includes broadband, available electricity, a well, and a septic tank.
Key Highlights
- 1,000 sq. ft. retail store on a 0.2‑acre site
- Extensive building improvements completed within the past 2 years
- Extended retail food License included
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.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Liquor license
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
View Realmo Analytics
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 - Renovated retail operation with food-service equipment, commercial coolers, and licensed beverage sales.
Where is this grocery and convenience store located?
The property is located at 5460 Orleans Road 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. retail store on a 0.2‑acre site; Extensive building improvements completed within the past 2 years; Extended retail food License included
