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    8998 34 Rd Boon, MI 49618

    Sponsored
    For Sale
    $2,400,000

    Gas Station/QSR Opportunity Near Major Retailers

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail outlot, situated on 1-2.57 acres at the southwest corner of E. 34 & Plett Roads in Haring Township, Michigan, presents a prime investment opportunity. Priced at $2,400,000, this vacant property boasts a highly desirable location directly across from Walmart, Aldi, TJ Maxx, and Meijer, benefiting from significant traffic flow and high visibility. The property is situated at a traffic signal, providing convenient access from both E. 34 and Plett Roads. This strategic location is part of a thriving commercial corridor, evidenced by recent developments including a Petco, a building housing Aspen Dental and Well Now, and a multi-tenant strip center with tenants such as Tropical Smoothie Cafe, Great Clips, and Hearing Life. The property is zoned Commercial, permitting a range of uses including drive-thru businesses, gas stations, and car washes. The site's size ranges from 0 to 10,000 square feet, offering flexibility for various development plans. This NNN-leased, multi-tenancy property is ideal for investors seeking a high-return investment in a rapidly growing area adjacent to Cadillac, the county seat of Wexford County. The property is currently vacant, allowing for immediate development and customization to suit the buyer's vision. This is a rare opportunity to acquire a strategically located retail outlot with significant potential for growth and profitability.

    Property Features for 8998 34 Rd

    General Information

    Property type
    Restaurants
    Lot Size
    43,560 SF

    HighLights

    • $2,400,000 asking price for a vacant retail outlot.
    • Multi‑tenant property with gas station and QSR/fast food permitted uses.
    • Located in Haring Township, MI, across from Walmart, Aldi, and TJ Maxx.
    • 1‑2.57 acres with Commercial zoning.
    • NNN lease type available; Broker co‑op offered.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Building Supply Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boon
    County
    Wexford
    State
    Michigan
    Longitude
    -85.397087362647
    Latitude
    44.281417848361

    Nearby Comparable

    • Contact for pricing

      Retail Development Opportunity Near Retailers

      New commercial development site near major retailers and high-traffic area.
      8998 E 34 Rd, Cadillac, MI 49601
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    • Contact for pricing

      Commercial Development Site Near Retail

      Development site near major retailers with permitted commercial uses.
      8998 E 34 Rd, Cadillac, MI 49601
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    • $2,484,000
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      Retail Center in Cadillac, MI

      Fully leased retail center with high traffic location and income potential.
      8826 E 34 Rd, Cadillac, MI 49601
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    • $85,000
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      Cleared Corner Lot Ready Development

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      Parcel A Plett Rd, Cadillac, MI 49601
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      Commercial Land in Cadillac, MI

      Cleared, level lot ready for development in high-traffic area.
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      Commercial Land Ready For Development

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      Vacant Lot Plett Rd, Cadillac, MI 49601
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      Commercial Lot Ready for Development

      Cleared, level commercial lot in high-traffic Cadillac location.
      Parcel B Plett Rd, Cadillac, MI 49601
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    • $55,000
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      Commercial Land in Cadillac, MI

      Cleared, level commercial land ready for development in Cadillac.
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    • $249,900
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      Prime Commercial Land in Cadillac

      1.95 acres with high visibility and traffic count.
      3910 S Mackinaw Trl, Cadillac, MI 49601
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    • $85,000
      0.70 Acres

      Commercial Land in Cadillac, MI

      Cleared, level corner lot ready for development in Cadillac, Michigan.
      Parcel A Plett Rd, Cadillac, MI 49601
      View Details

    FAQs

    What type of property is this?
    Restaurant - Gas Station/QSR Opportunity Near Major Retailers
    Where is this restaurant located?
    The property is located at 8998 34 Rd Boon, MI.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: $2,400,000 asking price for a vacant retail outlot.; Multi-tenant property with gas station and QSR/fast food permitted uses.; Located in Haring Township, MI, across from Walmart, Aldi, and TJ Maxx.
    Request Owner's contact information
    8998 34 Rd Boon, MI 49618
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    Boon, MI 49618
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8998 34 Rd Boon, MI 49618
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