Catylist ID: #30048742
North Lansing Grocery Store - Business and Real Estate
Retail-Commercial for Sale
Sale Pending/ContingentAlso listed as Business Opportunity
|Catylist Listing ID:||30048742|
|Property Subtypes:||Convenience Store, Free-Standing Building, Retail-Pad|
|Building Size (RSF):||11,235 SF|
|Gross Land Area:||1.03 Acres|
|Unit Price:||$97.91 PSF|
|Property Use Type:||Vacant/Owner-User, Business|
|Building Name:||Gormans Market|
|Usable Size (USF):||11,235 SF|
|Sale Terms:||Cash to Seller, Owner Financing|
Overview / Comments
A Lansing grocery and meat market legend, this store has been in the family since the 1950’s and was grown from a small corner store to its current footprint at more than 11,200 Sq Ft, built in 1990
The store features one of the area finest meat counters, liquor, beer and wine and a full grocery selection.
The location is within in walking distance of the are neighborhoods and has a distinct advantage in that the barrier to entry for a large format grocer is high with little room to build and no distinct commercial development to anchor such a development. This leaves the store as the primary grocery store for this large residential population.
The store is currently undergoing updates on lighting and cooling systems to reduce its utility consumption, which will be a great benefit to the new owners.
Sales at the location have been solid and consistent and will provide new ownership a solid base to build upon.
Sale price includes all trade fixtures, improvements, real estate, good will, name and licenses. Plus inventory at cost on day of sale.
|Nearest MSA:||Lansing-East Lansing|
|Taxing Authority:||City of Lansing - Ingham County|
|Retail Clientele:||General, Family|
|Total Number of Buildings:||1|
|Number of Stories:||1|
|Typical SF / Floor:||11,235 SF|
|Proximity:||1 mile||3 miles||5 miles|
Matthew Wisniewski, CCIMRE/MAX COMMERCIAL GROUP
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