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Property profile & analytics

11380 NE Starvation Lake Rd Mancelona, MI 49659

  • Commercial real estate
  • 1.32 lot acres
For Sale
Last Sale
Apr 11, 2024
$88,600
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-3633879
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Starvation Lake Corner Store / Convenience Store / Gas Station

Property Details for 11380 NE Starvation Lake Rd

Lot size
1.32 lot acres
Property type
Commercial real estate
APN
002-005-032-00
APU
200503200

Description

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.


Value Estimations

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Location Insight

  • Map
  • Local Demand
City
Mancelona
County
Kalkaska
State
Michigan
Longitude
-84.9407
Latitude
44.8506
CBSA code
45900
CBSA name
TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,627
$0.00
$0.00
$83,200
-
$0.00
$0.00
$166,400
More about this property
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