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    FOR SALE
    Commercial real estate

    11380 NE Starvation Lake Rd, Mancelona, MI 49659

    1.32 ac lot
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US43-3633879
    Property summary
    AI-generated overview

    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
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 1.32 ac (57,499 SF)
    APN 002-005-032-00
    UPID US43-3633879
    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
    Current use
    Occupant on record · Public records
    • Starvation Lake Corner Store Grocery & Convenience Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Starvation Lake Corner Store LLC · 2 yrs held
    Starvation Lake Corner Store LLC
    since 2024
    Last sale
    $88,600
    3 recorded transactions
    2024
    2022
    $130,000
    2022
    $88,600
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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