715 Gratiot St, Copper Harbor, MI 49918
This exceptional turnkey investment opportunity in Copper Harbor, Michigan, presents a unique blend of commercial and residential properties. Located at 715 Gratiot, this well-established business boasts a thriving gas station with multiple pumps and above-ground tanks, catering to both locals and tourists. The adjacent convenience store is fully equipped with a kitchen, offering a diverse range of products from snacks and beverages to outdoor recreation supplies, capitalizing on the area's popularity for fishing and snowmobiling. Adding to its appeal is a comfortable one-bedroom apartment, ideal for owner-occupancy or rental income. The property features a recently installed (2-year-old) roof, energy-efficient Smart Foam insulation, and a reliable generator, ensuring operational efficiency and resilience. A John Deere tractor is included, adding further value to this comprehensive package. The asking price is $675,000 for the 1,432 square foot property situated in Keweenaw County, Michigan (zip code 49918). This is a rare opportunity, given the nearest competing gas station is 30 miles away, guaranteeing a significant market share and strong potential for continued growth and profitability. The property is zoned for commercial use and offers a high-traffic location in a bustling resort town. Don't miss this chance to acquire a truly unique and profitable business.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
3 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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