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    Property profile & analytics
    FOR SALE
    Commercial real estate

    7262 Cairn Hwy, Kewadin, MI 49648

    1,984 SF
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US43-2952828
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 7262 CAIRN in Kewadin, Michigan, presents a unique investment opportunity. The 2,000 square foot building sits on a nearly one-acre lot on the north shore of Elk Lake, offering stunning waterfront views. Currently operating as Waters Edge Market & Gas, the business provides grocery, deli, and gas services to the thriving Traverse City area and its many tourists. The property's prime location benefits from high traffic volume, enhanced by the proximity of Milton Township Waterfront Park directly across the street. This park's presence is expected to further increase customer traffic and presents potential for expansion into complementary services such as kayak, paddleboard, or boat rentals. The existing business enjoys strong demand for catering services, both carry-out and on-site. The sale includes the business, all fixtures, the real estate itself, and all necessary licenses, including a liquor license. This turnkey operation offers a rare chance to acquire a well-established, profitable business with significant growth potential in a highly desirable location. The property's waterfront setting and proximity to recreational areas provide a unique competitive advantage. This is an ideal opportunity for an investor seeking a profitable and established business with significant upside potential. The property's size and location make it an attractive investment for both experienced and new business owners.

    Property profile
    Verified
    Property type 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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Waters Edge Market Gas Station
    • ATM Atm
    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
    R&r Patel Liquor LLC · 3 yrs held
    R&r Patel Liquor LLC
    since 2022
    Last sale
    $241,000
    2 recorded transactions
    2024
    2022
    $241,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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