9959 Pulaski Rd, Hanover, MI 49241

Building Details

Buildings 1 More

Units 1 More

Listing Agency: New Michigan Realty

Listed By: Johny Thomas · License MI #6501433546 Show Phone

Source: Crexi

Added: Mar 2 Changed: Aug 15 Last Checked: Aug 25 at 9:49AM

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Investment Insights

Based on property information with market context.

Located in Hanover, Jackson County, Michigan, the property at 9959 Pulaski Rd presents an opportunity to acquire a business and the underlying real estate. Known as Pulaski Mall Grocery Store, this neighborhood market has served the surrounding community. The property features a fully operational grocery and convenience store with customer traffic, visibility, and access along Pulaski Road. The sale includes the business operations, fixtures, equipment, and real estate. The store serves as a community hub for groceries, convenience items, and everyday essentials. The property benefits from local demand and limited nearby competition. It presents an opportunity for continued grocery operations, expansion into specialty retail, or redevelopment of services tailored to the area’s needs. An SDD liquor license is available for purchase separately, offering potential through expanded product offerings and increased revenue streams. The property includes an established neighborhood grocery store with a customer base and a high visibility location. The property size is 1134 square feet.

Key Highlights

• Sale includes established grocery store and real estate.
• Turnkey operation with existing customer base, fixtures, and equipment.
• High‑visibility location** in Hanover, Jackson County, with limited competition.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,774

Cap Rate

7.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$215,480 $215.5K

Cap Rate 7%

$153,914 $153.9K

Cap Rate 9%

$119,711 $119.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,134 SF

Gross rent

$15.6K $13.80/SF

− Vacancy

−$1.3K −$1.13/SF

EGI

$14.4K $12.67/SF

− OpEx

−$3.6K −$3.17/SF

NOI

$10.8K $9.50/SF

Area

Jackson County, MI

Vacancy

8.20%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$215,480

Cap Rate 7%

$153,914

Cap Rate 9%

$119,711

Alternative Uses

Best Use

Specialty Retail

$153.9K

$134.7K – $179.6K (±1% cap)

NOI $10,774 @ 7.0% cap · market cap 7.18%

Second Best

Retail

$111.7K

$97.8K – $130.4K (±1% cap)

NOI $7,821 @ 7.0% cap · market cap 5.21%

Theoretical Best

Office A

$181.0K

$158.4K – $211.2K (±1% cap)

NOI $12,672 @ 7.0% cap · market cap 8.45%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

ATM Atm Pulaski Grocery Grocery & Convenience Store

Suggested Use

Top Pick Grocery & Convenience Store Food Market

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

11

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 49241, MI

2,359

Population

915

Households

2.6

Avg Household Size

40

Median Age

25%

College-Educated

92%

High-School Grad

32.0 sq mi

ZIP Area

74

Density / Sq Mi

$81,471

Median Household Income

$37,245

Median Earnings

$1,031

Median Rent

$223,000

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

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Turnkey grocery store with real estate in Hanover, Michigan.

Where is this grocery and convenience store located?

The property is located at 9959 Pulaski Rd Hanover, MI.

What is the asking price?

The asking price for this property is $149,999.

What are key features of this property?

This property features: Sale includes established grocery store and real estate.; Turnkey operation with existing customer base, fixtures, and equipment.; High‑visibility location** in Hanover, Jackson County, with limited competition.