Retail Storefront with Pole
For Sale
$349,900
6998 U.S 2, Gladstone, MI 49837
Open-concept retail building with pole sign, ample parking, and included fixtures and licenses for continued operation.
Property Size1,500 SF
Lot Size0.29 Acres
Price / SF$233.27
Days on Market149
Property Features for 6998 U.S 2
General Information
Standard status
Active
Size
1,500 SF
Lot size
0.29 Acres
Property subtype
Free Standing Building
Additional Details
Business Included
Yes
Liquor License
Yes
Listing Agency:
Stephens Real Estate
Listed By:
Ryan Gordon · License #6502420131
(906) 774-8570
Source:
Thebrokerlist
Added: May 28
Changed: Oct 3
Last Checked: Oct 23 at 3:18AM
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 Stephens Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This open-concept retail storefront building is offered for sale with included fixtures and business licenses described in the public remarks. The property has operated previously as a party store and includes a pole sign. The site sits on a 0.29-acre lot and offers ample parking, with easy access and high traffic exposure per the seller’s description.
The listing information also states the available licenses include food, lottery, Sunday sales, SDD, and SDM, positioning the space as turnkey for an operator seeking to continue or start a licensed business. The building is approximately 1,500 square feet, and the remarks note room to expand on the lot.
For buyers or tenants evaluating a small retail footprint with direct visibility and prepared buildout, this property provides a complete package as presented in the offering materials.
The listing information also states the available licenses include food, lottery, Sunday sales, SDD, and SDM, positioning the space as turnkey for an operator seeking to continue or start a licensed business. The building is approximately 1,500 square feet, and the remarks note room to expand on the lot.
For buyers or tenants evaluating a small retail footprint with direct visibility and prepared buildout, this property provides a complete package as presented in the offering materials.
Key Highlights
- 1,500 SF open‑concept commercial building on a 0.29‑acre lot
- Pole sign on the property with high traffic exposure
- Ample parking and easy access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,724
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,480
$394.5K
Cap Rate 7%
$281,771
$281.8K
Cap Rate 9%
$219,156
$219.2K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$27.0K $18.00/SF
− Vacancy
−$702 −$0.47/SF
EGI
$26.3K $17.53/SF
− OpEx
−$6.6K −$4.38/SF
NOI
$19.7K $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 Rate 5%
$394,480
Cap Rate 7%
$281,771
Cap Rate 9%
$219,156
Alternative Uses
Best Use
Specialty Retail
$281.8K
$246.6K – $328.7K
NOI $19,724 @ 7.0% cap · market cap 5.64%
Second Best
Retail
$184.7K
$161.6K – $215.5K
NOI $12,931 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$293.6K
$256.9K – $342.6K
NOI $20,555 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49837, MI
10,086
Population
4,488
Households
2.2
Avg Household Size
48
Median Age
24%
College-Educated
95%
High-School Grad
69.0 sq mi
ZIP Area
146
Density / Sq Mi
$65,905
Median Household Income
$35,156
Median Earnings
$782
Median Rent
$145,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Pat's Foods IGA — 409 N 9th St, Gladstone, MI 49837
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Open-concept retail building with pole sign, ample parking, and included fixtures and licenses for continued operation.
Where is this grocery and convenience store located?
The property is located at 6998 U.S 2 Gladstone, MI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,500 SF open‑concept commercial building on a 0.29‑acre lot; Pole sign on the property with high traffic exposure; Ample parking and easy access
