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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

195 M-66 Charlevoix, MI 49720

Built 1996
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1996
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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