Undisclosed - Convenience Store FOR SALE


Pontiac, MI 48342
$750,000 USD
586-202-0499
Undisclosed, Pontiac, MI for Sale
$750,000 USD
Convenience Store - FOR SALE
1/18
null | Request Cap Rate

Undisclosed
Pontiac, MI 48342


HIGHLIGHTS

  • Established beer and wine market with loyal customer base included in the sale.
  • Mixed-use layout featuring retail space and a second-floor apartment for added revenue flexibility.
  • High-visibility location on a major Pontiac thoroughfare with strong traffic counts.
  • On-site parking for 15+ vehicles ensures easy customer access and convenience.
  • Sale includes existing butcher equipment and store fixtures for an efficient transition.
  • Buyer opportunity to pursue liquor license eligibility to expand product offerings (verification required).

OVERVIEW

Peoples Food Market presents a rare owner-user or investment opportunity with a well-established beer and wine market in Pontiac, Michigan. This mixed-use property sits on a prominent 0.51-acre parcel in a high-traffic corridor, ensuring strong visibility and consistent customer flow. The building spans 5,394 square feet and includes a second-floor apartment, offering additional income potential or live-work convenience. Recent capital improvements add significant value: a new roof in 2022, a modern freezer system installed in 2023, and three new AC compressors in 2023 ensure operational reliability for years to come. The property includes 15+ on-site parking spaces and comes fully equipped with existing butcher and store equipment, minimizing startup costs for a new operator. Potential liquor license eligibility further enhances upside potential (buyer to verify). The offering includes both the real estate and the operating business. Priced at $750,000 plus inventory (estimated at $150K–$200K), this property provides a compelling opportunity for entrepreneurs seeking a turnkey operation or investors looking for a mixed-use asset with strong fundamentals and value-add options.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

Commercial

APN/PARCEL ID

14-34-103-022

ASK ABOUT THIS PROPERTY

Charles TamouTop Agent RealtyMore Info
586-202-0499

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

Charles TamouTop Agent RealtyMore Info
586-202-0499

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