8587 W Silver Lake Rd - Freestanding FOR SALE


Mears, MI 49436
$2,650,000 USD
616-235-0900
8587 W Silver Lake Rd, Mears, MI for Sale
$2,650,000 USD
Freestanding - FOR SALE
1/1
null | Request Cap Rate

8587 W Silver Lake Rd
Mears, MI 49436


HIGHLIGHTS

  • Longstanding retail presence in the Silver Lake area since the 1940s.
  • High foot traffic area adjacent to campgrounds, shopping, and amusement attractions.
  • Located directly across from Silver Lake State Park boat launch.
  • Includes two substantial storage barns for inventory or additional uses.
  • Recent improvements and environmental assessments (2017) support long-term value.

OVERVIEW

This established retail property offers a rare opportunity in the heart of the Silver Lake recreational district. Known as the Parkside Store, this business has been a cornerstone of the area since the 1940s and is strategically situated across from Silver Lake State Park’s boat launch. The property benefits from robust pedestrian traffic generated by surrounding campgrounds, shopping areas, and the amusement district, making it a high-exposure location during the vibrant tourist season. The offering includes a spacious 5,500-square-foot retail building with a second-floor storage and office area, supplemented by two large storage barns measuring approximately 40’ x 32’ and 60’ x 30’. The store’s historical use as a community hub for groceries, deli, beverages, clothing, and general goods positions this property for continued retail success or potential adaptive reuse. Significant upgrades in recent years, combined with Phase I and II environmental site assessments, contribute to long-term operational confidence. This is an outstanding opportunity to own a multi-faceted retail site within an active destination market known for outdoor recreation and tourism-based commerce.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$281 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

-

APN/PARCEL ID

006-180-001-50

ASK ABOUT THIS PROPERTY

Joe RizqallahSignature AssociatesMore Info
616-235-0900

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Joe RizqallahSignature AssociatesMore Info
616-235-0900

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