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Property profile & analytics
OFF-MARKET
Industrial properties

5326 Lacey Rd Dowling, MI 49050

3,414 SF 1 ac lot Built 1960
Entity Owned 4-yr Hold
Property ID
US43-4471415
Property summary
AI-generated overview

This turnkey convenience store, located at 5326 Lacey in Dowling, MI, presents a fantastic investment opportunity. The 3,414 square foot building sits on a one-acre lot and is offered at $495,000. Recent upgrades significantly enhance its operational efficiency and appeal. A new roof ensures long-term protection, while a newly installed 400-amp service provides ample power. The entire floor has been protected with new flooring, and a new furnace ensures comfortable temperatures year-round. Extensive exterior improvements include a six-inch concrete parking lot. Energy efficiency is maximized with spray foam insulation. Security is a top priority, with a nine-camera system installed throughout the premises. The fully equipped kitchen boasts a 60-amp pizza oven, range, and two deep fryers, ready for immediate use. Refrigeration units have been recently updated and are in excellent condition. The property includes a valuable food and beer license, allowing for early Sunday sales, a significant advantage in this market. This sale includes all existing inventory and equipment, making this a truly turnkey operation. This is a rare opportunity to acquire a well-maintained, profitable business with significant recent improvements. The combination of location, upgrades, and existing licenses makes this a highly attractive investment. Contact us today to schedule a showing and explore this exceptional opportunity.

Property profile
Verified
Property type Industrial properties
Year built 1960
Total area 3,414 SF
Lot 1 ac (43,560 SF)
UPID US43-4471415
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
  • Lacey Mart Department Store Grocery & Convenience 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
Bristol Lake & Sons Enterprises LLC · 4 yrs held
Bristol Lake & Sons Enterprises LLC
since 2021
3 recorded transactions
2021
Price N/A
2020
$45,000
2020
$30,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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