Rapid River MI Commercial for Sale

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Type:
Industrial
Sq.Ft.:
2,346
Status:
Active
Beds:
n/a
Lot size:
1.25 Acres
Year built:
1972
Baths:
MLS#:
50135736
Subdivision:
Garth Bluff Sub

ADDITIONAL INFORMATION

Live in the beautiful Upper Peninsula of Michigan! An exceptional chance awaits to own your own business with the added option to reside in the attached home or lease it out. Garth Bluff Grocery & Gas, a well-established store since 1972, is now available for new ownership. Nestled in an ideal location, this store enjoys year-round business with an additional influx of tourists through-out the year. Situated amidst a hub of recreational activities including water sports, hunting, snowmobiling, and off-road adventures, the store caters to a diverse clientele seeking grocery essentials, gas, and propane. Its strategic proximity to campgrounds, Lake Michigan, and the Whitefish River ensures a steady flow of customers. The attached home features two bedrooms, a full bath, and a deck with a pergola overlooking the above-ground pool. Additional living space and a full bath in the basement offer potential for rental income. A spacious 2-3 stall garage with a second-story storage area, complete with a back staircase and deck, provides ample storage and utility. The store itself boasts coolers for beverages, food coolers, generous counter space, and a coffee bar for early risers. Abundant shelves allow for versatile product offerings, while the store's licenses to sell beer, wine, liquor, and various other items add to its appeal. As the current owners retire, seize this opportunity to make Garth Bluff Grocery & Gas your own. Don't miss out on this chance to invest in a thriving business with endless possibilities.

Type:
Industrial
Sq.Ft.:
7,182
Status:
Active
Beds:
n/a
Lot size:
26.39 Acres
Year built:
1994
Baths:
MLS#:
50133765

ADDITIONAL INFORMATION

Incredible commercial property opportunity on 26 acres of prime land! This corner lot is situated on two highways - US2 on the south and US 41 on the west, providing maximum visibility and accessibility for potential customers. The 7000 square foot building on the property offers ample space for any business venture. Not only does this property offer a fantastic location, it also boasts additional income potential with a billboard lease. The property features two established driveways, making it easy for customers and employees to access the site. Adding to the appeal of this property is its close proximity to an ATV and snowmobile trail, ensuring a steady stream of visitors year-round. And to top it all off, the picturesque Tacoosh River runs through the property, providing a peaceful and scenic backdrop for your business. Don't miss out on this rare opportunity to own a commercial property with so much potential. Schedule a showing today and see the possibilities for yourself!

Type:
Industrial
Sq.Ft.:
7,200
Status:
Active
Beds:
n/a
Lot size:
4.47 Acres
Year built:
2020
Baths:
MLS#:
50122533

ADDITIONAL INFORMATION

Great visibility for your business venture! Steel building built in 2020 has been used as a trucking company garage and office space. Located just North of Rapid River known as the crossroads of the UP as the traffic is heavy and the marketing exposure is great! Currently there is a tenant leasing 1 bay in the truck garage on a month to month basis. No truck equipment or business is included in this sale. Currently zoned Commercial District 3. There is in-floor heating thru-out building with 3 zones. Shop floor is 6 inches thick and rest of the building 4 inches thick. Interior walls in office area could be eliminated or moved to accommodate your business. Well & septic installed in 2020, internet network lines are all set for plug and play, security lighting and phase 3 power on the premises. Lots of yard space for additional buildings or outdoor storage.

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Andrea D. Conner, License 6502432340, Xome Inc., License 6505376883, [email protected], 844-400-XOME (9663), 71 Walnut, Suite 206, Rochester, MI 48307


Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.



Rapid River Real Estate

The median home value in Rapid River, MI is $184,000. This is higher than the county median home value of $131,500. The national median home value is $338,100. The average price of homes sold in Rapid River, MI is $184,000. Approximately 48.96% of Rapid River homes are owned, compared to 4.64% rented, while 46.4% are vacant. Rapid River real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Rapid River real estate agent to arrange a tour today!

Rapid River, Michigan has a population of 3,499. Rapid River is less family-centric than the surrounding county with 21.77% of the households containing married families with children. The county average for households married with children is 23.81%.

The median household income in Rapid River, Michigan is $57,930. The median household income for the surrounding county is $51,117 compared to the national median of $69,021. The median age of people living in Rapid River is 54 years.

Rapid River Weather

The average high temperature in July is 76.9 degrees, with an average low temperature in January of 8.9 degrees. The average rainfall is approximately 30.3 inches per year, with 78.1 inches of snow per year.

Rapid River Real Estate Market Conditions

  • Median sales price

    $184,000
    23.1% change since last quarter
  • # Active listings

    57
    30-day change

Rapid River Schools and Demographics

Education near Rapid River, MI

Metric City County
High School Graduates 93.05 92.72
College Degree - 2 year 15.11 14.73
College Degree - 4 year 23.15 18.75
Graduate Degree 5.7 4.03
Expenditures per Student 11,255 11,255
Students per Teacher 17.5 17.5

Elementary Schools near Rapid River, MI

School Grades Students P/T Ratio ZIP
Cameron Elementary School KG - 02 358 16.5 49837
James T. Jones Elementary School 03 - 05 299 19.5 49837

Middle Schools near Rapid River, MI

School Grades Students P/T Ratio ZIP
Gladstone Area Middle School 06 - 08 340 21.2 49837

High Schools near Rapid River, MI

School Grades Students P/T Ratio ZIP
Gladstone Area High School 09 - 12 487 23.9 49837

Ungraded Schools near Rapid River, MI

School Grades Students P/T Ratio ZIP
* Escanaba Student Success Center 09 - 12 57 57 49894
* West Michigan Virtual - Escanaba 09 - 12 83 27.7 49894
Tri-Township School KG - 12 352 18.7 49878

Demographics near Rapid River, MI

Metric City County
Neighborhood Type Small town
Population 3,499 36,836
Population Density 8 32
Median Age 54 47.4
People per Household 2.2 2.3
Median Household Income 57,930 51,117
Average Income per Capita 30,716 29,228