551 Bay Street, Midland | Image 1

551 Bay Street

Midland, Midland

  • Commercial

$749,900
For Sale

Added 3 months ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Zoning: DC-F2

  • Age: No Data

  • Taxes: 6450.89

  • MLS®#: S10436975

  • Days on Site: 111 Days

  • Added: Oct 22, 2024 (3 months ago)

  • Updated:

  • Last Checked: 4 hours ago

  • Listed By: Team Hawke Realty, Brokerage

This is your chance to own a well established convenience store along with the building its housed in. All located in the heart of downtown Midland. Operating successfully for nearly three decades, this business has been meticulously maintained, offering a clean and organized space. Buyers can see exactly what theyre getting, with no surprises. The building, constructed of durable concrete block and plaster, features a spacious, open floor plan, providing flexibility for various uses. With excellent frontage on Bay Street, youll benefit from high visibility in a bustling area across from Midlands scenic harbourfront on Georgian Bay. The location at the base of downtown sees substantial foot traffic, enhanced by a beloved coffee shop and popular cannabis store across the street. Beyond the great location, the back areas of the building are a mentionable highlight, featuring an unobstructed floor plan and a 12' bay door for interior loading or parking. This versatile space opens up opportunities for additional business ventures or enhanced storage and operations. This is a turnkey opportunity in a thriving community with potential for the business to grow. NOTE: Business is currently listed for sale under MLS 40666902

Property

  • Status: Sale

  • Property Type: Commercial/Retail

  • Area: Midland

  • Community: Midland

  • Availability Date: Flexible

  • Assessment Amount: $252,000

  • Assessment Year: 2024

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Elevator: None

  • Freestanding: N

  • Water Supply: Municipal

  • Amps: 400

Parking

  • Garage Type: Other

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 15 E/S SECOND ST, 16 E/S SECOND ST PL 306 MIDLAND AS IN RO

  • Taxes: $6,451

  • Expenses: Act

  • Hydro Expense: 5444

  • Heat Expenses: 6398

Land

  • Cross Street: HWY 12 - King Street

  • Municipality District: Midland

  • Parcel Number: 584650058

  • Sewer: Sanitary

  • Lot Depth: 107 Acres

  • Lot Frontage: 50 Acres

  • Zoning: DC-F2

Shipping Doors

  • Drive Height (ft): 12

  • Clearing Height (ft): 1

Commercial Specific

  • Shipping Doors Drive In Level: 1

  • Retail Area: 45

  • Retail Area Metric: %

  • Total Area: 4682

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Business/Building Name: Duggar's Variety

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