Opportunity to own a Higgins Lake Landmark!!

Retail-Commercial for Sale
Catylist Listing ID: 30811023
Property Subtypes: Convenience Store, Mixed Use, Retail-Pad, Other
Building Size (RSF): 936 SF
Gross Building Area: See Agent
Sale Price: $175,000
Unit Price: $186.97 PSF
Property Use Type: Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 8/9/2022

Overview / Comments

This is an opportunity to own a Higgins Lake landmark, Oak Park Grocery. The two lots are located on the corner of Flag Point Dr and E Higgins Lake Dr. The property is currently zoned commercial and includes a 936 sf home with 1 bedroom and 1 bath. Water heater and roof were replaced in 2021 The old store is 1900 sf and hasn't been operational in years, but could be brought back to life and thrive on this busy corner just a few blocks from gorgeous Higgins Lake.

Additional Details

Nearest MSA: Traverse City
County: Roscommon
Tax ID/APN: 014-016-013-0420 &004-016-013-0440
Property Visibility: Good
Property Condition: Good
Year Built: 1975

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,256 2,943 4,079
Median Age: 56.3 53.95 54.63
Households: 611 1,363 1,918

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