1505 S Bridge St - Convenience Store FOR SALE


Charlevoix, MI 49720
$175,000 USD
305-206-1286
1505 S Bridge St, Charlevoix, MI for Sale
$175,000 USD
Convenience Store - FOR SALE
1/15
null | Request Cap Rate

1505 S Bridge St
Charlevoix, MI 49720


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Marathon C-Store and Gas | 15K VPD | Charlevoix Airport Adjacent | $111K Avg HH Income | AUCTION NOVEMBER 3-5
  • Freestanding Former Marathon Convenience Store and Gas Station in Charlevoix, MI
  • 15,321 VPD Traffic Count Highway Frontage and Visibility on US-31 Just off Signalized Intersection with M-66 (+9K VPD) | 3-Mi to Downtown
  • National Retailers Nearby: McDonald’s, Dollar General, Walgreens, Culver’s, O’Reilly Auto Parts, Dairy Queen, Pizza Hut, AT&T, H&R Block
  • Affluent Demographics with $111,249 Annual Household Income and ±12,142 Individuals (10-Mile)
  • Zoned GC, General Commercial with a Variety of Permitted Uses

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail building and former C-store with gas station canopy located at 1505 Bridge Street in Charlevoix, Michigan 49720 (the “Property”). Formerly occupied by Marathon, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to acquire a high-visibility commercial asset adjacent to Charlevoix Municipal Airport at a substantial discount. FIRST BID MEETS RESERVE! Built in 1988, the one-story, ±2,239 SF convenience store/gas station sits on a ±0.39-acre parcel (±17,048 SF) with multiple ingress/egress points. Improvements include two storage sheds, one fuel canopy with a pump island containing two gasoline/diesel pumps, and a third dispenser for kerosene. The site also contains two active, two-compartment underground storage tanks (USTs) located on the southwest portion of the Property. Previously operated as a Marathon gas station and Next Door convenience store on a triple-net (NNN) basis, the Property presents a compelling value-add opportunity through lease-up at long-term market rates, with CoStar estimating retail rents of ±$11–13/SF NNN. Zoned GC, General Commercial, the site supports a wide range of retail and commercial uses, enhancing its flexibility and appeal for both investors and owner-users seeking a well-positioned retail location in Charlevoix. The Property is located in Charlevoix, Michigan, a picturesque lakeside community in Charlevoix County recognized for its vibrant downtown, tourism-driven economy, and high quality of life. Positioned on the northwest side of Bridge Street (US-31) between Airport Drive and M-66, across from Walgreens, the site enjoys excellent visibility and accessibility along a key north–south corridor that links Charlevoix to nearby resort towns and regional markets. Strategically located adjacent to Charlevoix Municipal Airport (KCVX), the Property is less than ±3-mi from downtown Charlevoix, ±15-mi west of Petoskey, ±50-mi northeast of Traverse City, and ±65-mi north of Cadillac, providing seamless connectivity throughout northern Michigan. Charlevoix functions as a year-round commercial and service hub for residents, seasonal visitors, and surrounding townships, generating consistent traffic for retail, dining, and essential services. The local economy is anchored by tourism, healthcare, education, and light manufacturing, supported by employers such as Charlevoix Hospital and a robust base of small businesses. The city’s location along Lake Michigan and Round Lake, paired with nearby beaches, marinas, and state parks, underpins a thriving recreation and tourism sector that fuels local demand. The Property is situated within the community’s primary retail and commercial corridor and is complemented by surrounding national and regional tenants including McDonald’s, Ford, Dollar General, Family Fare, and Family Farm & Home, all of which drive steady consumer traffic. With a 10-mi population of more than ±12,100 residents and an average household income (AHHI) of ±$111,249, the Property is well positioned to capture demand from both year-round residents and seasonal visitors. Its strategic frontage along US-31 ensures sustained visibility and accessibility, making it an ideal opportunity for retail, service, or adaptive reuse.

FOR SALE DETAILS

PRICE

$175,000 USD

PRICE/SF

$78 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction - REIT Sale | Fmr Marathon C-Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

GC

APN/PARCEL ID

05223402400

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

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