11380 NE Starvation Lake Rd, Mancelona, MI 49659
For Sale
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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.
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Starvation Lake Corner Store Grocery & Convenience Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.