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Former Drug Store 195 M 66 N 11,180 SF Retail Building Charlevoix, MI 49720 $1,846,260 CAD ($165.14 CAD/SF)
Investment Highlights
- 11,180 Square Foot Former Pharmacy Building Located on 1.13 Acres of Land - Lease Rate $12 NNN
- Drive Thru Equipped Asset - The Former Tenant Invested $$ into a Remodel in 2018
- GC Zoning - Offers a Wide Range of Uses
- Brand New Roof Installed in 2022 with a 20 Year Transferable Warranty
- Combined Traffic Counts in Excess of 27,930 Daily
- Located Just Five Minutes from Affluent Downtown Charlevoix - Directly Across the Street from Charlevoix Municipal Airport
Executive Summary
Don't miss this exceptional opportunity to own or lease a high-visibility, standalone retail building in Charlevoix. Formerly a successful drugstore generating $5.8 million in sales over the past year, this versatile property is well-suited for a variety of business uses.Strategically positioned just south of Downtown Charlevoix, the site offers premium exposure and accessibility.
Located within Charlevoix’s primary retail hub and anchored by Family Fare Grocery Store, it benefits from strong foot traffic and a well-established commercial presence. With direct frontage on M-66 and visibility from the busy US-31 and M-66 intersection, which sees a combined annual average daily traffic count of over 27,930 vehicles, the property ensures outstanding exposure.
The site features 41 standard parking spaces and two accessible spaces, providing ample parking for customers and employees. A convenient drive-thru window adds further value, making it ideal for businesses seeking efficiency and customer convenience.
Situated in one of Northern Michigan’s most desirable locations, the property is just minutes from the stunning beaches of Lake Michigan, Round Lake, and Lake Charlevoix, as well as golf courses and year-round attractions that draw locals and tourists alike. This is a rare opportunity to secure a prime retail space in a thriving market. The property is also available for lease, with the final lease rate subject to the terms of the agreement.
Located within Charlevoix’s primary retail hub and anchored by Family Fare Grocery Store, it benefits from strong foot traffic and a well-established commercial presence. With direct frontage on M-66 and visibility from the busy US-31 and M-66 intersection, which sees a combined annual average daily traffic count of over 27,930 vehicles, the property ensures outstanding exposure.
The site features 41 standard parking spaces and two accessible spaces, providing ample parking for customers and employees. A convenient drive-thru window adds further value, making it ideal for businesses seeking efficiency and customer convenience.
Situated in one of Northern Michigan’s most desirable locations, the property is just minutes from the stunning beaches of Lake Michigan, Round Lake, and Lake Charlevoix, as well as golf courses and year-round attractions that draw locals and tourists alike. This is a rare opportunity to secure a prime retail space in a thriving market. The property is also available for lease, with the final lease rate subject to the terms of the agreement.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,180 SF
Building Class
C
Year Built/Renovated
1996/2018
Price
$1,846,260 CAD
Price Per SF
$165.14 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.13 AC
Zoning
C1 - Retail Commercial
Parking
43 Spaces (3.85 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05233502540 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,087,824 CAD |
Property Taxes
Parcel Number
05233502540
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,087,824 CAD
Contacts
-
Deno Bistolarides -
Brandon Hanna -
Ryan Vinco -
Encore Real Estate Investment Services
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Former Drug Store | 195 M 66 N
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