7262 Cairn Hwy Kewadin, MI 49648

This exceptional waterfront retail opportunity in Kewadin, Michigan presents a unique investment prospect. The property, located at 7262 Cairn Hwy, boasts a 2,000 square foot building on a one-acre lot, encompassing a BP gas station, convenience store, and QSR/fast food capabilities. Built in 1948 and extensively renovated in 2023, the property features two gas pumps and is currently vacant, with an occupancy date of April 14, 2024. The property's strategic location on the north shore of Elk Lake, adjacent to Milton Township Waterfront Park, offers unparalleled visibility and access to a thriving tourist and local community. The high NOI of $500,000 translates to an impressive 76.93% cap rate, making this a highly lucrative investment. The asking price is $649,900, with a price per square foot of $324.95. The property is zoned for retail use and includes all licenses, fixtures, and real estate. The potential for expansion into catering services, kayak/paddleboard rentals, or other water-related activities further enhances the property's investment appeal. This is a rare chance to acquire a turnkey waterfront business with significant growth potential in a desirable location. The Antrim County location and the property's proximity to Torch, Birch, Bass Lake, and East Traverse Bay ensure a consistent flow of customers. The property's Class C designation reflects its solid foundation and recent renovations. The APN is 051231104400.