Property profile

700 Chippewa Sq Marquette, MI 49855

OFF-MARKET
Commercial real estate
Property ID
US43-2067425
4,008 SF 0.34 ac lot Built 1974
Entity Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional turnkey business opportunity presents a well-established liquor store located at 700 Chippewa in Marquette, MI. Boasting 4,008 square feet on a 0.33-acre lot, this property enjoys a highly visible position at the intersection of Grove Street and US 41, a major thoroughfare with over 40,000 vehicles passing daily. The store has undergone a complete remodel and update, featuring a state-of-the-art point-of-sale (POS) system, ensuring efficient operations. The existing staff provides a seamless transition for a new owner, minimizing disruption and maximizing immediate profitability. A strong and loyal customer base is already in place, contributing to the consistent success of this business. Detailed financial records are available upon execution of a confidentiality agreement, allowing prospective buyers to thoroughly assess the financial performance and potential for future growth. This is a rare opportunity to acquire a thriving, established business in a prime location with high traffic volume. The asking price for this exceptional property is $1,000,000. Serious inquiries only.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1974
Total area 4,008 SF
Lot 0.34 ac (14,723 SF)
Zoning code M-U
APN 52-52-009-600-10
UPID US43-2067425

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store

Location

700 Chippewa Sq Marquette, MI 49855-4811
Marquette metro Census 2801 MARQUETTE, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2014
1 recorded transaction
2014
$340,000

Zoning & alternative use

M-U · Marquette, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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