195 M-66 Charlevoix, MI 49720
This exceptional 11,180-square-foot retail property in Charlevoix, Michigan, presents a unique investment or lease opportunity. Situated on a 1.13-acre lot at 195 M-66, this single-tenant Class B building boasts a prime location just south of downtown Charlevoix, within the area's main retail center anchored by a Family Fare Grocery Store. Built in 1996, the one-story structure features a convenient drive-through window and ample parking with 41 standard spaces and 2 accessible spaces. The property benefits from exceptional visibility and accessibility, enjoying direct frontage on M-66 and high traffic exposure from the intersection of US 31 and M-66, boasting a combined average annual daily traffic count exceeding 27,930 vehicles. The zoning is Commercial (APN: 052-335-025-40). The previous tenant, a drug store, generated $5.8 million in sales within the past year. A virtual tour is available. The final lease rate will be determined based on the agreed-upon lease terms. This property offers significant potential for a variety of retail uses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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