Property profile

11894 M35 Perkins, MI 49872

OFF-MARKET
Specialty properties
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Specialty properties

Cap rate & NOI

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

Location

11894 M35 Perkins, MI 49872
Perkins metro
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Value estimations

Realmo proprietary · 4 methods
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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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