Commercial: MLS #50203210 Gladwin, MI $ 449,000
Commercial: MLS #50203210
$ 449,000
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Commercial: MLS #50203210

Gladwin, MI, 48624
$ 449,000
Bedrooms-- Baths-- Sq 6,146

Monthly Estimate*

$ 2,765

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Commercial Property for sale in Gladwin, MI

for $449,000. This 6,146 square foot building was built in 1978 on a lot size of 1.47.

For sale! A proven, high-performing convenience and food-focused store located in a strong “Up North” Michigan lake community that boasts over 1800 homes, 700 camping lots, 2 all sports lakes AND an 18-hole championship golf course. The business has a loyal year-round customer base while benefitting from strong seasonal tourism traffic, giving it both stability and travel thru visitors! Current owners thoughtfully developed this destination for quality food, beverages, sporting goods (bait and fishing supplies) and essentials. Fresh prepared food sales are a key driver, with an established pizza and gourmet sandwich program, hand scooped ice cream with grab-and-go options bringing customers back consistently. This isn’t just a convenience store; it’s a community stop with real food credibility and repeat business. The operation includes a well-equipped kitchen, established supplier relationships, and efficient processes that support strong sales without requiring reinvention. There is significant potential for an owner-operator or family operator, especially through continued growth of food offerings and targeted local marketing. The large 1.4-acre property has plenty of room to expand business opportunities outside with approximately 4000 square feet of potential in 2 large pole buildings in the back. This is an excellent opportunity for an experienced operator looking to expand or for a family or individual seeking an established, turnkey business in a desirable lifestyle location.

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Commercial Active

Price

$ 449,000

Property Type

Commercial

Taxes

$ 4,853

Style

Business

Lot Size

1.47

Year Built

1978

Town/City

Gladwin

County/Region

Gladwin

MLS | Web ID

50203210

Features
General
Cooling Central A/C
Roof Metal Shingles
Water Private Well
Status Active Active
Year Built 1978
Parking 21+ Spaces Off Street Parking Lot
Subdivision N/A MI
County Gladwin
Township Sherman Township
Class COM/IND/BUS OPP
Type Business
Business Name Larry's Bait Shop & Pizza
Ownership LLC
Municipality Sherman Twp
Section 13
Zoning Commercial
Sale/Rent For Sale
Status Detail 0
Flood Insurance Not Required
Commercial Features Additional Bldg(s) Bath Cable Internet Installed Cafe/Kitchen Carpet Ceramic Floor Compressor Concrete Floor Internet Available Delivery Area Delivery Door Electric Available Fence Furniture Occupied
Area Sherman Twp (26014)
Primary City Gladwin
Location Main Street Rural
Virtual Tour https://youtu.be/9FNeQVlUBts
Directions From Gladwin-North on M18 to F97. North on F97 to store location.
City Gladwin
Financial Terms Cash Commercial Loan Conventional
Legal Description SEC 13 20 2W PART OF NE 1/4 OF NE 1/4 COM S 0DEG 11MIN 44SEC W 472.5FT FROM NE COR OF SD SEC TH S 0DEG 11MIN 44SEC W 192.74FT TH N 88DEG 40MIN W 332.6FT TH N 0DEG 11MIN 44SEC E 192.74FT TH S 88 DEG 40
DOM 1
Postal Code 48624
Price Per Sq Ft Total AG 73.06
Public Remarks For sale! A proven high-performing convenience and food-focused store located in a strong “Up North” Michigan lake community that boasts over 1800 homes 700 camping lots
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Exterior
Exterior Cedar Wood
Exterior Amenities Deck/Patio Fenced Yard Fence Owned
Frontage 192
Body of Water N/A
Flood Plan None
Lot Size Area 1.47
Lot Dimensions 192x332x192x332
Well/Septic Inspection Done Yes
Water Features None
Roads City/County Paved Street Year Round
Waterfront Y/N No
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Interior
Ceiling Height Less than 16 Ft.
Fuel Type LP/Propane Gas
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* Excluded Features
List By
REBECCA TOMAC

Listing Agent

Cedar & Crow Realty

Broker

rctomac@outlook.com

Email

Affordability Calculator

$3,169
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,765
Monthly Property Taxes
$404
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/3/2026$449,000 Listed Price

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