Party Store - Vassar

Retail-Commercial for Sale
Catylist Listing ID: 28770906
Property Subtypes: Convenience Store, Free-Standing Building, Street Retail, Other
Building Size (RSF): 2,320 SF
Gross Building Area: See Agent
Gross Land Area: 0.33 Acres
Sale Price: $200,000
Unit Price: $86.21 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: C & K Corner Store
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/21/2016

Overview / Comments

Great business opportunity for the investor looking to operate this convenience store located in a captured market and minutes from Frankenmuth and I-75. Well operated and established for over 18 years. C & K currently offers a variety of goods and products for their customers to include beer & wine, Hershey ice cream(seasonal), propane, fun candy and snacks, etc. There is a kitchen with the three bin stainless steel sink, prep counter, pizza ovens for 12 at a time and more to cater to the high food demand of the business and residential customers. They prepare a variety of sandwiches and pizzas for area events as well. A very clean and organized store with a security system, a gift shop that was added in 2013 and an attached garage of 576 SF. New roof in 2015. There is also a two bedroom apartment upstairs of 840 SF for additional income or owner occupied. This store generates a lot of business from Blasius Countertops, which is a half a mile down the street with 80+ employees along with the township ball diamond in the summer and hunter/snowmobile safety classes. Sale price includes the beer & wine license (SDM) with the estimated inventory of $19,000 to be added to the sale price. Please see the attached photos. Great business overall with captured market for food menu (famous pizzas), etc. Opportunity to add a liquor license through the state. New roof installed in October 2015. Reduced from $245,000. Opportunity really knocks for this well operated and maintained site and business.


Finance Data Year 2015
Real Estate Taxes - Annual($) $678.19 (Annual)
Tax Value Land $15,951
Finance Data Year 2014
Real Estate Taxes - Annual($) $667.39 (Annual)
Tax Value Land $15,700
Assessed Value - Total($) $15,700 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $723.56 (Annual)
Tax Value Land $16,700
Assessed Value - Total($) $16,700 (Annual)

Additional Details

Nearest MSA: Saginaw-Saginaw Township North
County: Tuscola
Tax ID/APN: 019-500-102-05-0000
Market Type: Rural
Retail Clientele: General, Family, Business, Other
Side of Street: North
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Bray
Feet of Frontage: 120
Area Description: Highly residential.
Property Condition: Excellent
Year Built: 1888
Year Renovated: 2006
Roof Type: Gable
Construction/Siding: Block
Exterior Description: Main building is block with the addition to the store and apartment being wood frame.
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Please see photos.
Zoning Description: Mixed Development
Lot Frontage (Feet): 120
Lot Depth: 120
Land Ownership: Owned
Legal Description: On file

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,026 2,622 13,019
Median Age: 42.89 40.72 41.9
Households: 406 1,026 5,026


Photograph of Listing Agent

Sandra J. Covaleski, CCIM

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