195 M 66 N - Drug Store FOR SALE


Charlevoix, MI 49720
$1,350,000 USD
248-702-0288
195 M 66 N, Charlevoix, MI for Sale
$1,350,000 USD
Drug Store - FOR SALE
1/45
null | Request Cap Rate

195 M 66 N
Charlevoix, MI 49720


HIGHLIGHTS

  • 11,180 Square Foot Former Pharmacy Building Located on 1.13 Acres of Land - Lease Rate $12 NNN
  • Brand New Roof Installed in 2022 with a 20 Year Transferable Warranty
  • Drive Thru Equipped Asset - The Former Tenant Invested $$ into a Remodel in 2018
  • Combined Traffic Counts in Excess of 27,930 Daily
  • GC Zoning - Offers a Wide Range of Uses
  • Located Just Five Minutes from Affluent Downtown Charlevoix - Directly Across the Street from Charlevoix Municipal Airport

OVERVIEW

Don't miss this exceptional opportunity to own or lease a high-visibility, standalone retail building in Charlevoix. Formerly a successful drugstore generating $5.8 million in sales over the past year, this versatile property is well-suited for a variety of business uses.Strategically positioned just south of Downtown Charlevoix, the site offers premium exposure and accessibility. Located within Charlevoix’s primary retail hub and anchored by Family Fare Grocery Store, it benefits from strong foot traffic and a well-established commercial presence. With direct frontage on M-66 and visibility from the busy US-31 and M-66 intersection, which sees a combined annual average daily traffic count of over 27,930 vehicles, the property ensures outstanding exposure. The site features 41 standard parking spaces and two accessible spaces, providing ample parking for customers and employees. A convenient drive-thru window adds further value, making it ideal for businesses seeking efficiency and customer convenience. Situated in one of Northern Michigan’s most desirable locations, the property is just minutes from the stunning beaches of Lake Michigan, Round Lake, and Lake Charlevoix, as well as golf courses and year-round attractions that draw locals and tourists alike. This is a rare opportunity to secure a prime retail space in a thriving market. The property is also available for lease, with the final lease rate subject to the terms of the agreement.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Drug Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

C1

APN/PARCEL ID

05233502540

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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