Property profile

6998 Us-2 Gladstone, MI 49837

OFF-MARKET
Retail properties & Spaces
1,500 SF 0.29 ac lot Built 1977
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Property summary

AI-generated overview

This established convenience store, "Grain 'N' Grape," presents a remarkable owner-user investment opportunity in Gladstone, Michigan. Located at 6998 US-2, this 1,500 square foot retail property sits on a 0.29-acre lot and boasts 100% occupancy. Built in 1977, the single-story building is zoned commercial and offers ample space for potential expansion. The property includes 15 parking spaces, ensuring convenient customer access. The asking price is $499,900, translating to $333.26 per square foot. The land value alone is $39.57 per square foot. All equipment, inventory, a security system, and necessary licenses are included in the sale. This turnkey operation benefits from a prime location with high visibility and traffic counts, providing easy ingress and egress. The strong reputation and steady customer base ensure immediate income generation. New owners can leverage the existing infrastructure to expand product offerings, enhance marketing strategies, and capitalize on tourism to further boost sales. The property's APN is 01400605500. This is a private sale. The sale includes all air rights (1,500 sq ft). The property's occupancy date is October 4th, 2024.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1977
Total area 1,500 SF
Lot 0.29 ac (12,632 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6998 Us-2 Gladstone, MI 49837
Gladstone metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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