7861 Mystic Lake DrLake, MI 48632

Property Details for 7861 Mystic Lake Dr

Lot size

0.46 AC

Property type

Commercial real estate

APN

013-530-015-02

APU

1353001502

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $4,189,062

  Hospitality

  $3,837,158

  Educational

  $3,192,470

  Medical

  $3,302,264

  Retail

  $4,966,065

Location Insight

City

Lake

County

Clare

State

Michigan

Latitude

43.8535

Longitude

-85.0059

Property Tax & Assessments

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