11894 M35, Perkins, MI 49872
Exceptional investment opportunity in Perkins, Michigan, featuring a well-established gas station/convenience store, a three-unit apartment building, and over five acres of land. This turnkey business boasts diverse revenue streams including gasoline sales, propane, a deli, coffee bar, grocery items, a wide selection of alcoholic and non-alcoholic beverages, lottery tickets, DNR licenses, a hardware section, and a US Postal Service sub-station. The three-unit apartment building provides additional rental income with currently occupied units. The expansive 5+ acre lot presents significant potential for future development and expansion. The property is located at 11894 State Highway M35, Perkins, MI 49872, and is offered at $689,000. This established business offers a unique opportunity to acquire a multi-faceted commercial property with proven profitability and substantial growth potential. The property's diverse offerings and established customer base ensure a strong foundation for continued success. The combination of the commercial business and rental units provides a secure and diversified income stream. The large lot size allows for future expansion or development opportunities, further enhancing the property's value and potential. This is a rare opportunity to acquire a thriving business with significant upside.
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
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.