8542 State Rd, Millington, MI 48746
For Sale
1 / 2
This exceptional 18,000 square foot vacant grocery store presents a remarkable opportunity for entrepreneurs in Millington, Michigan. Located at 8542 State Rd, this property boasts high visibility in a bustling residential area, ensuring significant foot traffic. Built in 1960 and extensively renovated in 2015, the building is well-maintained and ready for immediate occupancy. The spacious interior offers ample room for a diverse range of retail ventures, making it ideal for a new grocery store or a similar commercial enterprise. The property sits on a 0.68-acre lot, providing ample space for parking and potential expansion. The permitted zoning is commercial, ensuring flexibility for various business types. The asking price is $199,900, and the seller is open to negotiating the inclusion of existing interior fixtures and free-standing equipment. The property's APN is 041500112010000. This is a turnkey opportunity to establish a thriving business in a prime location. The property is vacant and ready for immediate possession. Serious inquiries are encouraged. Buyer to verify all information.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.