14277 Lake Ave - Storefront Retail/Residential FOR SALE


Grand Marais, MI 49839
$1,500,000 USD
906-202-0035
14277 Lake Ave, Grand Marais, MI for Sale
$1,500,000 USD
Storefront Retail/Residential - FOR SALE
1/14
null | Request Cap Rate

14277 Lake Ave
Grand Marais, MI 49839


HIGHLIGHTS

  • Heavy daytime/evening foot & vehicle traffic, Corner Lot, High Tourism Area. Pictured Rocks National Lakeshore, Recreational Area, multi use trails

OVERVIEW

Booming business and building available for purchase on one of the four busiest corners in Grand Marais, the Eastern Gateway to Pictured Rocks National Lakeshore. This year-round thriving outfitters store includes a second story w/ two bedrooms, two bathrooms,office & 3 season room with a breathtaking view of Grand Marais Bay on Lake Superior. A major renovation of the entire building was completed in 2012, adding the 2 bedroom, 2 bathroom living quarters on the second story, and a completely revamped retail and storage area on the first floor. Rooftop solar panels were also added which offsets the year round electric bill by selling back generated electricity to the co-op. Heavily trafficked location in a tourism and recreational based area. Sale price includes inventory.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$771 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,741 SF

ZONING

COM-1

APN/PARCEL ID

02-002-577-002-00

ASK ABOUT THIS PROPERTY

Nicole DarrowBig Lake Real EstateMore Info
906-202-0035

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Nicole DarrowBig Lake Real EstateMore Info
906-202-0035

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.