7262 Cairn HwyKewadin, MI 49648

Property Details for 7262 Cairn Hwy

Property size (Sq ft)

1,984 SF

Property type

Commercial real estate

APN

05-12-311-044-00

APU

51231104400

Description

This exceptional commercial property, located at 7262 CAIRN in Kewadin, Michigan, presents a unique investment opportunity. The 2,000 square foot building sits on a nearly one-acre lot on the north shore of Elk Lake, offering stunning waterfront views. Currently operating as Waters Edge Market & Gas, the business provides grocery, deli, and gas services to the thriving Traverse City area and its many tourists. The property's prime location benefits from high traffic volume, enhanced by the proximity of Milton Township Waterfront Park directly across the street. This park's presence is expected to further increase customer traffic and presents potential for expansion into complementary services such as kayak, paddleboard, or boat rentals. The existing business enjoys strong demand for catering services, both carry-out and on-site. The sale includes the business, all fixtures, the real estate itself, and all necessary licenses, including a liquor license. This turnkey operation offers a rare chance to acquire a well-established, profitable business with significant growth potential in a highly desirable location. The property's waterfront setting and proximity to recreational areas provide a unique competitive advantage. This is an ideal opportunity for an investor seeking a profitable and established business with significant upside potential. The property's size and location make it an attractive investment for both experienced and new business owners.

• CAP approach

  CAP return

  Valuation

  6%

  $410,679

  6.5%

  $379,088

  7%

  $352,010

• Comparable approach

  Method

  Valuation

  Relative Method

  $258,416

  Geo Method

  $258,416

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $698,774

  Retail / Commercial

  $367,639

  Mixed-Use / Specialty

  $373,666

  Hospitality / Lodging

  $283,699

  Office

  $379,088

  Institutional / Educational

  $391,084

  Residential Income

  $457,568

  Multifamily

  $508,106

  Automotive / Energy

  $335,215

  Parking / Income-Based Land

  $108,429

  Restaurant / Food Service

  $210,006

  Healthcare / Senior Housing

  $375,663

Location Insight

City

Kewadin

County

Antrim

State

Michigan

Latitude

44.93

Longitude

-85.3693

Property Tax & Assessments

FAQs

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