531 State Street $730,000

    Close

    531 State Street Hillman, MI 49746

    • Commercial
    • MLS# 201825467
    Favorite Share
    Views: 21 Days On Site: 279

    Go Tour This Listing

    Schedule A Showing

    Property Details

    Iconic Morrison's Market is officially on the market! After 69 years, the Morrison family is ready to retire. Excellent location in downtown Hillman. 15000+ square feet of retail space. Business is being sold turnkey and the price includes ALL furnishings. Inventory sold separately. Recently surveyed. Beer Cave! Smokehouse! Gas pumps were updated and recertified in 2023. Beer, wine, liquor and lotto licenses will transfer. Fantastic opportunity for an entrepreneur. Hillman, MI is located in Montmorency County west of Alpena and east of Gaylord. This is the only grocery store in the area. Lots of potential for expansion of other service areas inside of the store: deli meats, baked goods, etc. Hillman residents are loyal and love to shop local. Don't miss out on this opportunity

    • General Features
      • Type Retail
      • Business Information Business Opportunity,Income Property
      • Year Built 1950s...
      • Extras Furnished, High Visibility, Loading Dock, Refrigerated Storage, Smoke Detectors, Storage
      • Subdivision T31N R4E
      • County Montmorency
    • Building Features
      • Construction Frame
      • Basement Slab
      • Accessibility No-Step Entrance
      • Heating/Air Conditioning Central Air,Natural Gas
    • Property Features
      • Lot Size 224x280
      • Parking Paved
      • Road Paved
      • Driveway Blacktop
      • Internet Access Wireless Broadband
      • Electric Master
      • Sewer Municipal
      • Water Municipal
      • Gas Master
    • Schools
      • School District Hillman

    Contact

    Neighborhood

    49746 (Hillman) Demographics

    55 Median Age
    15 Population Density (per sq. mile)
    27% College Educated
    $40,848 Estimated Median Income
    1,285 Estimated Total Home Owners
    285 Estimated Total Renters
    82% / 18% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    3,387 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $124,000 Median Sales Price
    5 Homes Sold
    4 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $730,000
        3/4/2024 2:05:31 PM Price Reduced Source: Multiple Listing Service New Value: $730,000 -12.05%
        2/19/2024 2:35:29 PM Price Reduced Source: Multiple Listing Service New Value: $830,000 -2.35%
        7/27/2023 4:06:00 PM New in Database Source: Multiple Listing Service New Value: $850,000

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than the firm which owns this website are marked with the WWLX logo and the detailed information about said listing includes the listing office. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor the broker which owns this website shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. WWLX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Water Wonderland MLS, Inc © All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.