153 Main St Gregory, MI 48137-9592
This exceptional 6,598 square foot industrial property, located at 153 MAIN in the heart of downtown Gregory, Michigan, presents a unique investment opportunity. Currently operating as a thriving market and convenience store, this business boasts a valuable liquor license, significantly enhancing its profitability. The property sits on a 0.39-acre lot, offering ample space for operations and potential expansion. Its strategic corner location provides excellent visibility and accessibility, ensuring high foot traffic and customer convenience. The property is zoned B-1 Local Business District, allowing for a variety of commercial uses. This is a turnkey operation with significant upside potential. Note that additional adjacent land is available for purchase, offering the possibility of further development or expansion of the existing business. The property's prime location and existing business make it an attractive investment for both seasoned entrepreneurs and new business owners looking to establish a presence in a vibrant downtown area. The asking price is $849,900. Serious inquiries only. Further details are available upon request. This is a rare opportunity to acquire a well-established business with significant growth potential in a desirable location. Don't miss out on this exceptional offering.
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Gregory Market Grocery & Convenience Store Food Market
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
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.