Property profile

7262 Cairn Hwy Kewadin, MI 49648

OFF-MARKET
Other commercial real estate
Property ID
US43-2952828
1,984 SF
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

Waters Edge Market is situated on the north shore of Elk Lake on a parcel of nearly one acre, with surrounding proximity to Torch, Birch, Bass Lake, and East Traverse Bay. The property includes a retail convenience-style setup historically providing grocery, deli, and gasoline services, along with business-related fixtures and licenses, including a liquor license. The site offers waterfront views, and Milton Township Waterfront Park is located directly across the street. The building footprint is approximately 2,000 square feet, configured to support deli and grocery-style operations and associated food service activities such as catering, with potential for kayak, paddleboard, and boat rental use given the nearby park and waterfront access.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 1,984 SF
APN 05-12-311-044-00
UPID US43-2952828

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
  • Gas Station
  • Atm

Location

7262 Cairn Hwy Kewadin, MI 49648-9782
Kewadin metro Census 960600
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
$230k

Owner & transaction history

since 2022
Last sale
$241,000
2 recorded transactions
2024
Price N/A
2022
$241,000

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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