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Property summary
This exceptional business opportunity in Mancelona, Michigan presents a turnkey operation encompassing a thriving party store, a gas station, and four full-hookup RV sites. The 1,380 square-foot party store boasts a diverse inventory including retail food items, liquor, beer and wine, lottery tickets, propane, firewood, and gasoline. Recent upgrades significantly enhance operational efficiency and profitability. These improvements include a new ATM, upgraded coolers and freezer, a modern metal roof, updated electrical system, a newer 5-inch well, a three-tank septic system, an advanced point-of-sale (POS) system, and a comprehensive security system. A fully equipped kitchen with a prep area allows for the preparation and sale of pizzas and sandwiches, adding another revenue stream. The gas station features upgraded pumps and a new tank system, ensuring smooth and reliable operations. A generator hookup provides backup power during outages. The property also includes four RV sites with full hookups, offering additional income potential. All necessary licenses will transfer to the new owner, subject to state approval. The property's prime location is within walking distance of Starvation Lake and the Hideaway Bar, and is conveniently situated near the Blue Bear Snowmobile Trail, attracting a steady stream of customers throughout the year. This established business, a piece of Northern Michigan history, is poised for continued success under new ownership.
Property profile
VerifiedCap rate & NOI
Current use
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Grocery & Convenience Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Mancelona market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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