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    OFF-MARKET
    Retail properties & Spaces

    6998 Us-2, Gladstone, MI 49837

    1,500 SF 0.29 ac lot Built 1977
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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