2602 Imlay City Rd Lapeer, MI 48446-3218
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.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Lapeer, MILapeer. Always verify with local authorities before improvements.
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.