Retail

Wolverine, MI Retail Properties & Spaces for Sale

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Wolverine Lake, MI Vanderbilt, MI Indian River, MI Boyne Falls, MI Afton, MI Alanson, MI Petoskey, MI Elmira, MI
Five-Unit Retail Building
Updated: Jul 1, 2025
Five-Unit Retail Building

12909 S Straits Highway, Wolverine, MI 49799

$574,000
0.60 AC lot
Four street‑level units plus a one‑bedroom apartment above in a five‑unit retail/commercial building
Described as fully occupied with established rental history
0.6‑acre site with commercial zoning
Parking lot on site and positioned at a highly visible intersection in downtown Wolverine
Rear‑side aggregate patio suitable for outdoor customer seating
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Wolverine, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Indian River Commercial Opportunity
Indian River Commercial Opportunity

4735 S Straits Highway, Indian River, MI 49749

$210,000
2,430 sqft

Commercial property suitable for retail or repair shop in Michigan.

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New Dollar General Store Investment
New Dollar General Store Investment

8336 Mill St, Vanderbilt, MI 49795

Contact for pricing
9,100 sqft

New Dollar General store with a 15-year absolute NNN lease.

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Commercial/Industrial
Commercial/Industrial

3676 S Straits Highway, Indian River, MI 49749

$885,000
2,500 sqft

Coffee shops · 2,500 SF

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Convenience Store and Gas Station
Convenience Store and Gas Station

10982 N Old 27 Hwy, Vanderbilt, MI 49795

Contact for pricing

Convenience store and gas station business setup includes living quarters, rental cabins, and an ice cream shop.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

B-2 Zoned Commercial Land Parcel
B-2 Zoned Commercial Land Parcel

10 AC Old 27 N Highway, Vanderbilt, MI 49795

$140,000
10.00 AC lot

Flat, mostly wooded 10-acre parcel zoned B-2, positioned between Old 27 and the state trail.

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Commercial Land Near Inland Waterway
Commercial Land Near Inland Waterway

8503 S US-31 Highway, Alanson, MI 49706

$139,000

Commercial land with high exposure near recreational areas and Crooked Lake.

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Riverfront Marina Development Land
Riverfront Marina Development Land

6320 & 6332 River Street, Alanson, MI 49706

$475,000
0.87 AC lot

Commercially zoned riverfront parcel with 185 feet of Crooked River frontage and 11 newly constructed boat slips.

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Commercial Land in Gaylord, MI
Commercial Land in Gaylord, MI

Five Lakes, Gaylord, MI 49735

$215,000
4.11 AC lot

4+ acre commercial land parcel zoned B3 with I75 exposure.

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Wolverine, MI Retail Properties & Spaces Market Trends and Statistics

Explore 1 retail properties & spaces for sale in Wolverine, MI on our real estate platform.

Sale prices for stores in Wolverine, MI average $574,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Storefront properties 1

Demographics Overview

Population 2,238
Population Growth (5Y) +4.3%
Median Household Income $51,029
College Educated 19.6%

High-Yield Neighborhoods for Investment

Identify Wolverine submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
49799 $574K

Taxes & Financing

Tax Rate (average for all types) 3.15%
Tax Rate vs County Average 0.05 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cheboygan County

New Delisted

Total CRE Inventory on Market (SF)

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