17275 Caberfae Hwy, Wellston, MI 49689
For Sale
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This exceptional industrial property, located at 17275 Caberfae in Wellston, Michigan, presents a unique investment opportunity. The 2,698 square foot building sits on a generous 1.75-acre lot and is ideally situated on a high-traffic highway between Manistee and Cadillac in northern Michigan. The current business enjoys a prime location in a region renowned for its recreational attractions, including excellent golf courses, skiing opportunities, the Little River Casino, Tippy Dam, and numerous inland lakes. This presents a significant advantage for attracting customers and expanding the existing business. The property offers substantial upside potential. There is currently underutilized square footage within the building itself, allowing for expansion of existing operations or the addition of new ventures. Further opportunities exist to enhance the property's appeal and profitability. The ample lot size allows for increased parking, a key consideration for attracting more customers. A house adjacent to the main building is included in the sale, offering additional possibilities. Potential business expansions could include the installation of gas pumps, the rental of recreational equipment such as tubes, canoes, and bicycles, or even the addition of an ice cream window. This property is a turnkey operation with significant room for growth in a desirable location. The asking price is $375,000.
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M-55 Market Grocery & Convenience Store Food Market
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
No recorded transactions found for this property.
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.