Building Details

Year Built 1948

Listing Agency: Coldwell Banker Schmidt Traverse City d**@realestatetc.com Show Phone

Listed By: Daniel J Stiebel · License #6502352362

Source: Elliman

Added: Apr 26 Changed: Jul 10 Last Checked: Aug 5 at 11:05AM

Report an Issue

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 Coldwell Banker Schmidt Traverse City

Investment Insights

Based on property information with market context.

This is an opportunity to acquire the Cedar Hardware Store, a business established in the heart of Leelanau County. The listing encompasses the real estate, the business itself, furniture, fixtures, and equipment (FF&E), and approximately $150,000 in inventory. The building is situated on the main street of Cedar and includes an adjacent vacant lot used for propane sales. The property is located adjacent to the township park and fire station. The existing business has been rooted in the community for decades, presenting an opportunity to expand upon its established foundation. The bike score is 14, indicating it is somewhat bikeable, and the walk score is 2, indicating it is car-dependent. The sale does not include the Twin Bay Instadock business.

Key Highlights

• Established hardware store business, real estate, FF&E, and approximately $150,000 in inventory included in the sale.
• Prime location on the main street of Cedar in Leelanau County.
• Includes adjacent vacant lot suitable for propane sales or expansion.

Property Analytics

Property Profile

Current Use

Cedar Hardware Building Supply

Suggested Use

Top Pick HVAC Service Plumbing Service Grocery & Convenience Store Kitchen & Bath Showroom Cafe & Coffee Shop Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

65

Businesses Nearby

10k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 50% Shops & Services 50%

Bunting's Cedar Market Groceries

4,910 visits/mo 0.1 miles

Marathon Shops & Services

4,828 visits/mo 0.1 miles

Demographics for 49621, MI

3,157

Population

2,047

Households

1.5

Avg Household Size

50

Median Age

42%

College-Educated

96%

High-School Grad

54.8 sq mi

ZIP Area

58

Density / Sq Mi

$92,794

Median Household Income

$40,221

Median Earnings

$1,059

Median Rent

$342,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar Off Market Nearby

• Cedar Le Fleur & Gifts — 8957 S Kasson St, Cedar, MI 49621

Frequently Asked Questions

What type of property is this?

Storefront property - Hardware store for sale with real estate and inventory.

Where is this storefront property located?

The property is located at 8925 S Kasson St Cedar, MI.

What is the asking price?

The asking price for this property is $580,000.

What are key features of this property?

This property features: Established hardware store business, real estate, FF&E, and approximately $150,000 in inventory included in the sale.; Prime location on the main street of Cedar in Leelanau County.; Includes adjacent vacant lot suitable for propane sales or expansion.