For Sale
$425,000

7861 Mystic Lake Dr Lake, MI 48632

Turnkey Business, Established Location

Overview

Added:
Feb 3
Days on market:
80
This exceptional turnkey opportunity presents a well-established hardware and sporting goods store in downtown Lake, MI. The property, located at 7861 Mystic Lake, encompasses a substantial 4,546 square foot building situated on a 0.24-acre lot. The asking price of $425,000 includes both the real estate and the thriving business, complete with all tangible and intangible assets. This includes a fully stocked inventory and extensive equipment, such as an 80# propane hi-lo, a pipe cutting and threading machine, glass cutter, key cutter, multiple chain sharpeners, and a sophisticated computerized paint mixing system. Security is ensured with a 12-camera system featuring ADT remote monitoring. The building offers significant expansion potential with a full basement accessible via an overhead door. Future growth is further supported by a second septic and well system already in place. This long-standing business enjoys a loyal customer base, serving several surrounding communities in Central Michigan, making it an attractive investment for a buyer seeking a profitable, established enterprise with significant growth opportunities. The property's prime downtown location adds to its appeal, ensuring high visibility and convenient access for customers.

Property Details for 7861 Mystic Lake Dr

Property type
Industrial properties
Square Feet
4,546 SF
Year Built
1960
Lot Size (sq. ft)
10,454 SF

Location Insight

City
Lake
County
Clare
State
Michigan
Latitude
43.85315
Longitude
-85.00581

FAQs

What type of property is this?
Industrial property - Turnkey Business, Established Location
Where is the industrial property located?
The property is located at 7861 Mystic Lake Dr Lake, MI.
What is the asking price?
The asking price for this property is $425,000.
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7861 Mystic Lake Dr
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