Listing Agency: DRC of Michigan Realty

Listed By: Ryan Chopp · License #MI

Source: Crexi

Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 11:21PM

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Investment Insights

Based on property information with market context.

This storefront property occupies a corner lot along US-31 west of Honor, with an arrangement that supports convenient entry and exit from the highway. The building received a new roof in 2009, providing a documented capital improvement for the property.

The site is near trails, lakes, and Sleeping Bear National Park, placing the storefront within reach of established recreational destinations. A liquor license is not included in the sale.

Key Highlights

• Storefront property on a corner lot along US‑31
• Highway location west of Honor with convenient access
• New roof installed in 2009

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Pharmacy Building Supply Auto Repair Shop Plumbing Service

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

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

59

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 49640, MI

1,501

Population

1,236

Households

1.2

Avg Household Size

53

Median Age

42%

College-Educated

92%

High-School Grad

64.0 sq mi

ZIP Area

23

Density / Sq Mi

$83,750

Median Household Income

$36,071

Median Earnings

$805

Median Rent

$285,000

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

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Frequently Asked Questions

What type of property is this?

Storefront property - Corner-lot retail property with highway access, a newer roof, and proximity to regional outdoor destinations.

Where is this storefront property located?

The property is located at 9564 Honor Hwy Honor, MI.

What are key features of this property?

This property features: Storefront property on a corner lot along US‑31; Highway location west of Honor with convenient access; New roof installed in 2009