7861 Mystic Lake Dr Lake, MI 48632
Property profile & analytics
7861 Mystic Lake Dr Lake, MI 48632
- Commercial real estate
- 0.46 lot acres
Property ID
US43-4114488
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Sherry's Lake Hardware / Building Supply / Hardware & Home Improvement
Property Details for 7861 Mystic Lake Dr
- Lot size
- 0.46 lot acres
- Property type
- Commercial real estate
- APN
- 013-530-015-02
- APU
- 1353001502
Description
This exceptional turnkey opportunity presents a well-established hardware and sporting goods store in downtown Lake, MI. The property, located at 7861 Mystic Lake, encompasses a substantial 4,546 square foot building situated on a 0.24-acre lot. The asking price of $425,000 includes both the real estate and the thriving business, complete with all tangible and intangible assets. This includes a fully stocked inventory and extensive equipment, such as an 80# propane hi-lo, a pipe cutting and threading machine, glass cutter, key cutter, multiple chain sharpeners, and a sophisticated computerized paint mixing system. Security is ensured with a 12-camera system featuring ADT remote monitoring. The building offers significant expansion potential with a full basement accessible via an overhead door. Future growth is further supported by a second septic and well system already in place. This long-standing business enjoys a loyal customer base, serving several surrounding communities in Central Michigan, making it an attractive investment for a buyer seeking a profitable, established enterprise with significant growth opportunities. The property's prime downtown location adds to its appeal, ensuring high visibility and convenient access for customers.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Lake
- County
- Clare
- State
- Michigan
- Longitude
- -85.0059
- Latitude
- 43.8535
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,046
$16,800
$47,600
$64,400
-
$33,600
$95,200
$128,800
