3504 Palms Rd Casco, MI 48064-2102
- Grocery and convenience stores
- 5,212 SF
- 0.86 lot acres
Apr 24, 2024
Current Use by Public Records
- Adair Market / General Store
- Party store / Liquor Store
Property Details for 3504 Palms Rd
- Lot size
- 0.86 lot acres
- Property size
- 5,212 SF
- Zone code
- B-2
- Property type
- Grocery and convenience stores
- APN
- 74-12-011-2013-000
- APU
- 74120112013000
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Casco
- County
- St. Clair
- State
- Michigan
- Longitude
- -82.6344
- Latitude
- 42.7978
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
