N3011 M67 Limestone, MI 49816
- Investment properties
- 2,298 SF
- 4.94 lot acres
Current Use by Public Records
- Investment properties
Property Details for N3011 M67
- Year built
- 1960
- Lot size
- 4.94 lot acres
- Property size
- 2,298 SF
- Property type
- Investment properties
Description
This thriving country store in Limestone, MI, presents a unique investment opportunity. Boasting 2,298 square feet on a 4.94-acre lot, the property includes a well-established deli and full kitchen, ripe for menu expansion. A digital sign enhances marketing potential, while existing computer and security systems ensure efficient operations. The recent 2014 remodel provides a solid foundation, requiring only minor finishing touches and repairs. A separate rental cabin offers additional income streams, potentially through bundled packages with the deli. The convenient location on a main highway, between Escanaba, Marquette, and Munising, guarantees high traffic volume. Gas sales and a "beer cave" further attract customers. A U-Haul rental service (separate entity, subject to buyer approval) adds another revenue stream. Ample basement and garage storage are available. A liquor license is included in the sale price of $490,000. This turnkey business offers immediate returns and significant growth potential for a savvy entrepreneur. The existing infrastructure and established customer base provide a strong foundation for expansion and diversification. The combination of retail sales, food service, and rental income creates a diversified revenue model, mitigating risk and maximizing profitability. The property's prime location and existing amenities make it an attractive proposition for both experienced business owners and first-time investors seeking a profitable venture in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Limestone
- County
- Alger
- State
- Michigan
- Longitude
- -86.9298
- Latitude
- 46.2644