N8151 State Highway M35 - Service Station FOR SALE


Cedar River, MI 49887
$2,000,000 USD
906-361-7604
N8151 State Highway M35, Cedar River, MI for Sale
$2,000,000 USD
Service Station - FOR SALE
1/4
null | Request Cap Rate

N8151 State Highway M35
Cedar River, MI 49887


HIGHLIGHTS

  • Ample Parking

OVERVIEW

Welcome to Cedar River Plaza, a rare opportunity to own a fully operational convenience store, gas station, and full service restaurant. Situated in the heart of the Upper Peninsula, this prime location offers exceptional visibility and accessibility on the north side of the highway. As the only store between Menominee and Escanaba for a 50 mile stretch, Cedar River Plaza serves as a vital stop for travelers and locals alike. It is also the only full service gas station within 55 miles of both Escanaba and Menominee, offering diesel fuel and propane. With ample parking including space for 15 to 20 semi trucks and 30 to 40 cars plus designated overnight parking, this property caters perfectly to long haul drivers and tourists exploring the U.P. Recently installed pay to use vacuum and air hose systems outside provide added convenience, featuring two total units: one standard air hose and one high pressure air hose. The full service restaurant operates seven days a week, providing hot food to a loyal customer base. Recent upgrades completed within the last two years include new heating and air systems (HVAC), coolers, and kitchen freezers, ensuring efficient and modern operations. Beer, wine, liquor, tobacco, and lottery licenses are in place, enhancing the store's revenue streams. Additionally, EV charging stations are conveniently located out front under a lease agreement. At the pumps, there are two dispensers for regular gas offering four fueling spots and two dispensers for diesel fuel. The diesel pumps include satellite dispensers, allowing fueling from both sides for added convenience. Positioned just a half hour drive from both the Wisconsin border and Escanaba, Cedar River Plaza is a high traffic stop with excellent income potential. It is conveniently located near Lake Michigan and several boating facilities, including the Cedar River State Harbor and Cedar River Mouth Boat Launch, both approximately one mile away. Don’t miss this chance to own a well established business in a thriving and strategic location!

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$392 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shell

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.67 AC

LAND SF

290,545 SF

ZONING

-

APN/PARCEL ID

001-123-006-00

ASK ABOUT THIS PROPERTY

David MingayRe/Max 1st RealtyMore Info
906-361-7604

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David MingayRe/Max 1st RealtyMore Info
906-361-7604

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.