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    OFF-MARKET
    Grocery and convenience stores

    3504 Palms Rd, Casco, MI 48064-2102

    5,212 SF 0.86 ac lot
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US43-4548854
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Total area 5,212 SF
    Lot 0.86 ac (37,505 SF)
    Zoning code B-2
    APN 74-12-011-2013-000
    UPID US43-4548854
    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
    Current use
    Occupant on record · Public records
    • Adair Market Department Store Grocery & Convenience Store
    • Party store (Bike/Boat/Book/etc) Store Wine and Liquor Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Putrus LLC · 2 yrs held
    Putrus LLC
    since 2024
    Last sale
    $70,000
    3 recorded transactions
    2024
    $70,000
    2014
    2009
    Zoning & alternative use
    B-2 · Casco, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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