GOURMET CHEESE SHOPPE, BANQUET FACILITY AND BOWLING COMPLEX

Retail-Commercial for Sale
Catylist Listing ID: 1984203
Property Subtypes: Convenience Store, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 38,675 SF
Gross Land Area: 7.25 Acres
Sale Price: $1,699,900
Unit Price: $43.95 PSF
Ceiling: 10 ft.
Property Use Type: Business
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 9/22/2016

Overview / Comments

POSSIBILITES ARE ENDLESS FOR THIS "TURN KEY" BUSINESS OPPORTUNITY! LOCATED ADJACENT TO I-75, EXIT 181, IN PINCONNING, MICHIGAN, WHICH IS ONE OF THE TWO EXITS USED TO REACH THE NEW "SAGANING EAGLE'S LANDING CASINO", LOCATED BETWEEN PINCONNING AND STANDISH, MI. THIS BUSINESS INCLUDES A GOURMET CHEESE SHOPPE, BANQUET FACILITY AND BOWLING COMPLEX WITH OVER 38,000 S.F. OF SPACE ON 7.27 ACRES. PLENTY OF ROOM TO EXPAND OR FOR MOTEL DEVELOPMENT! SDM & SDD LIQOUR LICENSES INCLUDED.CALL BRIAN SAHA AT 989-239-3075 FOR YOUR PERSONAL TOUR & MORE INFORMATION. Pre-Approval Letter Required.

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $12,341 (Annual)
Assessed Value - Total($) $254,100 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $16,028 (Annual)
Tax Value Land $348,205
Finance Data Year 2010
Real Estate Taxes - Annual($) $22,409 (Annual)
Tax Value Land $348,205
Tax Value Improvements $198,247
Tax Value Personal Property $60,000
Assessed Value - Total($) $342,600 (Annual)
Finance Data Year 2009
Real Estate Taxes - Annual($) $16,504 (Annual)
Tax Value Land $348,205
Tax Value Improvements $198,427
Tax Value Personal Property $40,000
Assessed Value - Total($) $358,800 (Annual)
Gross Operating Income $742,877 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Bay City
County: Bay
Tax ID/APN: 383465436
Zoning: COMMERCIAL
Market Type: Medium
Retail Clientele: General, Family, Traveler, Tourist
Property Located Between: I-15, EXTI 181
Side of Street: South
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: PINCONNING RD.
Feet of Frontage: 415
Traffic/Vehicle Count: 14,000
Transportation: Bus, Highway, Other
Highway Access: I-75
Site Description: OVER 7 ACRES WITH PARKING FOR 75 PLUS CARS, MOSTLY CONCRETE.
Area Description: RURAL MARKET WITH LOCATION ADJACENT TO I-75, EXTI 181, PINCONNING, MI 48650
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Year Built: 1973
Year Renovated: 2014
Roof Type: Flat
Construction/Siding: Block
Exterior Description: WELL MAINTAINED WITH LOW MAINTENANCE EXTERIOR
Total Parking Spaces: 100
Parking Type: Surface
Parking Description: CONCRETE
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, Satellite
Interior Description: RECENTLY UPGRADED INTERIOR IN ALL AREAS IN 2010,2011,2012 & 2013.
Zoning Description: COMMERCIAL
Lot Frontage (Feet): 400'
Lot Depth: 725'
Easements: Ingress/Egress
Easements Description: ACCESS TO FARM LAND IN REAR OF PROPERTY.
Land Ownership: OWNED
Legal Description: STATE OF MICHIGAN, COUNTY OF BAY, TOWNSHIP OF PINCONNING, COM 372.96 FT E & 75 FT S OF N 1/4 COR OF SEC TH E 165 FT TH N 75 FT TH E 250 FT TH S 800 FT TH W 400 FT TH N 200 FT TH W 15 FT TH N 525 FT TO BEG. SEC.29,T17N,R4E

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,851 6,266
Median Age: 41.35 43.49
Households: 1,191 2,581

Contact

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