Current Use by Public Records
- Retail properties & Spaces
Property Details for 22701 9 Mile Rd
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This thriving Eastpointe, Michigan liquor store presents a unique investment opportunity. Located at 22701 E 9 Mile Rd, 48021, this 2,200 square foot convenience store/grocery storefront boasts strong monthly sales averaging $90,000. The business operates under a modified lease with a multi-tenancy arrangement and a remaining term of 10 years, ensuring long-term stability. The current occupancy is 100%, reflecting consistent customer traffic and demand. Significant income is generated from lottery sales and ATM transactions, adding to the overall profitability. The asking price is $549,999, representing a compelling 20% capitalization rate. This is a turnkey operation ideal for an experienced entrepreneur seeking a profitable and established business in a high-traffic location within Macomb County. The sale includes the business only
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eastpointe
- County
- Macomb
- State
- Michigan
- Longitude
- -82.9448
- Latitude
- 42.4662
