3504 Palms Rd, Casco, MI 48064-2102
This exceptional Casco, MI property presents a rare investment opportunity, priced at $749,900. The 1.2-acre corner lot houses a thriving, established convenience store with a rich 60+ year history. The 2,266 square foot store offers a diverse product range including craft beer, fine wine, premium liquor, and lottery tickets. Adding to the investment potential is a fully leased 2,266 square foot residential apartment on the second floor, generating consistent rental income. Furthermore, a 1,326 square foot light industrial building provides additional income potential or expansion opportunities. The total operational space encompasses 5,858 square feet. This turnkey business is ready for a new owner to continue its legacy of success. Inventory is sold separately. Direct contact with the seller is prohibited. All inquiries must be directed through the appropriate channels. This property offers a unique blend of commercial and residential income streams, making it an attractive investment for discerning buyers. The property's history, location, and diverse income streams combine to create a compelling investment proposition.
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Adair Market Department Store Grocery & Convenience Store
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Party store (Bike/Boat/Book/etc) Store Wine and Liquor 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
B-2 · Casco, MICasco. 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.