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21168251
21168253

141 State St, Hillman, MI 49746

LT
MI 6502127329
Banner Realty
Listed by Banner Realty
$815,000
513 days on market
Updated 116 days ago

A-1 Woods & Waters Sporting Goods

Details
Property Type Retail
Sub Type Storefront
Square Footage 5,934
Cap Rate 9.2%
NOI $75,000
Occupancy 100%
Tenancy Single
Price per SqFt $137
Broker Co-Op Yes
Lot Size (SqFt) 8,960
Zoning B-2
Investment Type Owner/User
Ownership Corporation

Sporting Goods Store

Marketing description

Extremely Reputable & Established Sporting Goods Business, family owned & operated 40+ years, successfully servicing Northern Michigan. It's ideal location amidst many surrounding lakes & hunting lands makes this 6000 SF Retailer especially popular & in high demand with Hunters & Anglers. Committed to its Community, this Business is open 7 days/wk offering specialized services & contracts, boasting pride of ownership with historic profits, reconciled inventory and 10% Cap Rate! Price includes Inventory, Real Estate & Good Will. Services include DNR Licenses, Bait, Hi-Vis Wear, Boots & Clothing, Guns & Ammo, Archery & Fishing Gear & more! Store/Business Licenses subject to required approvals. Price is subject to inventory at time of closing. Business financials available upon NDA & LOI.

Listing Contacts

LT
MI 6502127329
Banner Realty
Listed by Banner Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,000.00
$6,250.00/mo

Valuation Metrics

0
DSCR
9.2%
Cap Rate
9.2%
ROI

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Additional Information

Name
Lisa Timm
License
6502127329
Brokerage Address
259 South Ripley Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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