Retail Storefront with Pole
6998 U.S 2 Gladstone, MI 49837
6998 U.S 2, Gladstone, MI, 49837
$349,900
For Sale
$349,900
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 Market56
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
Listing agency
Stephens Real Estate
(906) 774-8570
Listed by
Ryan Gordon · License #6502420131
(906) 774-8570
Source
Thebrokerlist
Added: May 28 Updated: Jul 21 at 2:06AM Checked: Jul 21 at 3:00AM
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
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
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.0k | $18.00 |
| − Vacancy | −$702 | −$0.47 |
| EGI | $26.3k | $17.53 |
| − OpEx | −$6.6k | −$4.38 |
| NOI | $19.7k | $13.15 |
1,500 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
Similar Off Market Nearby
- Pat's Foods IGA — 409 N 9th St, Gladstone, MI 49837
FAQs
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
