Established Convenience Store

Retail-Commercial for Sale
Catylist Listing ID: 30171376
Property Subtypes: Convenience Store
Building Size (RSF): 4,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.80 Acres
Sale Price: $325,000
Unit Price: $81.25 PSF
Property Use Type: Business
Building Name: Side Door Convenience Store
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/12/2017

Overview / Comments

An established convenience store with a proven track record for over 20 years. Top selling items include, Liquor, beer and wine, tobacco, groceries, live bait and tackle, soft drinks, and lottery. Located on M-40 between Allegan and Holland close to Kalamazoo River public access. The store is convenient to fishing as well as commuter traffic. There is ample room and demand for gas pumps at some point. The building has a spacious two bedroom apartment and 2 car garage. There is plenty of storage and office space which could be easily converted to more retail area. Very clean with a great staff.

Additional Details

Nearest MSA: Holland
County: Allegan
Taxing Authority: Allegan Township
Tax ID/APN: 030125000900
Zoning: 201 - COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Babylon/36th St.
Property Visibility: Excellent
Largest Nearby Street: Babylon
Feet of Frontage: 220
Traffic/Vehicle Count: 8,800
Highway Access: Interstate 196 is approximately 20 miles west. U.S. 131 is approximately 20 miles east.
Airports: Padgham Field 5 mi. Allegan. West Michigan Regional Airport 25 mi.Holland. Gerold R. Ford International 40mi. Grand Rapids.
Site Description: Lot size is 220'x151'x220'x155'. Existing lighted sign is easily visible from both directions. Wide entrance to parking lot provides ample room for two way entering and exiting traffic Rear of the store is accessible to truck deliveries through rear doors. Property is mostly flat, nicely landscaped but easily maintained. The main building has been very well maintained.
Area Description: Behind the store is Dumont Creek Trailer Park. Accessed off Laura St. the park is very well maintained with 75 sites and a club house. Currently there are 5 vacant sites. There is also a rental unit business immediately to the east of the store.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1958
Year Renovated: 1986
Roof Type: Arched
Construction/Siding: Block
Exterior Description: Painted block, with some metal siding. Appartment is in the front facing M-40.The store entrance is facing south. Well lit parking and entrance.
Parking Type: Surface
Parking Description: Blacktop
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Clean retail area with newer shelving and walk in cooler. Liquor shelving is behind counter. Large storage and office area.
Lot Frontage: 220'
Lot Depth: 155'
Water Service: Well
Sewer Type: Septic
Land Ownership: Owned
Legal Description: LOTS 10 & 11 also NW'LY 60' LOT 9 HOME ACRES SEC 18 T2N R13W (92)

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,053 14,251
Median Age: 38.35 40.12
Households: 3,552 5,527

Contact

Photograph of Listing Agent

Drew Chapple

Chapple Realty Inc. Not a member of CARWM
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