141 State StHillman, MI 49746

Property Details for 141 State St

Lot size

0.21 AC

Zone code

AG

Property type

Other commercial real estate

APN

044-210-000-001-00

APU

4421000000100

Description

This exceptional opportunity presents a well-established and highly reputable sporting goods business located at 141 State Street, Hillman, MI. Boasting a strong 40+ year history of success in Northern Michigan, this family-owned enterprise thrives in its ideal location amidst numerous lakes and hunting grounds, catering to a loyal clientele of hunters and anglers. The 5,934 square foot retail space is in high demand due to its prime location and comprehensive product offerings. The business operates seven days a week, providing specialized services and contracts, demonstrating a commitment to the community and a proven track record of profitability. A reconciled inventory is available, and the business boasts a 10% capitalization rate. The asking price of $845,000 includes inventory, real estate, and goodwill. The extensive product line includes DNR licenses, bait, high-visibility wear, boots and clothing, guns and ammunition, archery and fishing gear, and much more. Existing store and business licenses are subject to the necessary approvals. Please note that the final price is contingent upon the inventory level at the time of closing. Detailed business financials are available upon execution of a non-disclosure agreement and letter of intent. This is a rare opportunity to acquire a thriving, turnkey business with significant growth potential.

• Alternative Use

  Use

  Valuation

  Residential

  $1,792,499

  Hospitality

  $1,641,919

  Educational

  $1,366,058

  Medical

  $1,413,038

  Retail

  $2,124,978

Location Insight

City

Hillman

County

Montmorency

State

Michigan

Latitude

45.0644

Longitude

-83.9011

Property Tax & Assessments

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