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Property profile & analytics
OFF-MARKET
Grocery and convenience stores

2602 Imlay City Rd Lapeer, MI 48446-3218

3,088 SF 0.48 ac lot Built 1984
Entity Owned 1-yr Hold Free & Clear
Property ID
US43-4331730
Property summary
AI-generated overview

This exceptional investment opportunity presents a thriving, established liquor store in Lapeer, MI, encompassing both the business and the real estate. The 3,088 square foot building sits on a 0.48-acre lot and includes a valuable Specially Designated Distributor (SDD) license. The business boasts impressive financial performance, averaging $68,000 in monthly gross revenue. A significant portion of this revenue stems from a profitable small kitchen operation, generating approximately $12,000 monthly from hot food sales. Further contributing to profitability are lottery commissions, totaling $38,000 in 2023, and substantial spirit sales, exceeding $110,000 in inventory ordered during the same year. The property also features a large 28-door walk-in cooler, essential for inventory management. This turnkey operation benefits from a lack of competition within a 2.5-mile radius. The seller is open to selling the business and SDD license separately, while leasing the real estate. This presents a unique opportunity for an owner-operator to capitalize on the existing success and further enhance profitability through strategic improvements, such as expanding delivery services, enhancing the hot food menu, increasing inventory levels, and expanding the vape and smoking accessory selection. The asking price for the entire package is $749,999.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1984
Total area 3,088 SF
Lot 0.48 ac (20,996 SF)
Zoning code C-1
APN 012-001-036-00
UPID US43-4331730
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Capital M Investments LLC · 1 yrs held
Capital M Investments LLC
since 2025
3 recorded transactions
2025
Price N/A
2019
Price N/A
1969
Price N/A
Zoning & alternative use
C-1 · Lapeer, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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