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7861 Mystic Lake Dr 4,546 SF 100% Leased Retail Building Lake, MI 48632 $195,000 ($42.89/SF)

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EXECUTIVE SUMMARY

Turnkey hardware store available! Conveniently located in downtown Lake, Lake Hardware and Sporting Goods is a long-standing staple and trusted business servicing several surrounding communities in Central Michigan.
Both the real estate and the business are included with all of its tangible and intangible assets including all fixtures and equipment. The fully stocked inventory is negotiable. Equipment includes an 80# propane hi-lo, 2”pipe cutting and threading machine, a glass cutter, key cutter, multiple chain sharpeners and state-of-the-art computerized technology color match and paint mixing system. Seller will consider land contract if inventory is purchased (price to be negotiated).

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Storefront
Building Size
4,546 SF
Building Class
C
Year Built
1960
Price
$195,000
Price Per SF
$42.89
Percent Leased
100%
Building Height
1 Story
Building FAR
0.43
Lot Size
0.24 AC
Frontage
151’ on Mystic Lake Dr

ABOUT 7861 MYSTIC LAKE DR , LAKE, MI 48632

Turnkey hardware store available! Conveniently located in downtown Lake, Lake Hardware and Sporting Goods is a long-standing staple and trusted business servicing several surrounding communities in Central Michigan. Both the real estate and the business are included with all of its tangible and intangible assets including all fixtures and equipment. The fully stocked inventory is negotiable. Equipment includes an 80# propane hi-lo, 2”pipe cutting and threading machine, a glass cutter, key cutter, multiple chain sharpeners and state-of-the-art computerized technology color match and paint mixing system.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
013-530-015-02
Land Assessment
$24,800
Improvements Assessment
$57,000
Total Assessment
$81,800
  • Listing ID: 34858338

  • Date on Market: 2/18/2025

  • Last Updated:

  • Address: 7861 Mystic Lake Dr, Lake, MI 48632

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