Dollar General - Bear lake

11802 Chippewa Hwy, Bear Lake, MI 49614

  • For Sale $606,487
  • Property Type Office - General Office
  • Property Size 8,125 SF
  • Lot Size 1 Acre
  • Parking Spaces Avail. 34
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 2005
  • Date Updated Aug 18, 2025
Situated near the serene waters of Bear Lake, the area provides a tranquil backdrop for your business operations. Take advantage of the nearby access to outdoor activities such as fishing, boating, and hiking, offering an ideal environment for team-building and employee well-being. The quaint downtown area is home to local businesses and restaurants, adding to the charm and convenience of the location for your employees and clients. With its proximity to major transportation routes, the property in Bear Lake presents an appealing opportunity for your commercial real estate investment.This offering features a 100% occupied, single-tenant Dollar General store located in Bear Lake, Michigan, as part of a 7-property portfolio of NNN leased assets. The 8,125 SF freestanding retail building sits on a 1-acre parcel along US-31 (Chippewa Highway)—a key corridor through Northwest Michigan with over 5,000 vehicles per day. The property is backed by a corporate-guaranteed lease with approximately 4–5 years of term remaining, offering investors stable cash flow with minimal landlord responsibilities. The annual NOI reflects a strong return profile in a recession-resistant, essential retail category. Strategically positioned in a growing rural trade area with 0.0% vacancy, the site benefits from limited local competition and consistent traffic from surrounding communities. With a robust parking ratio and well-maintained construction, this Dollar General meets both national tenant standards and long-term investment criteria.
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Highlights

  • Attractive Cap Rate with stable NOI and strong rent performance
  • Freestanding 8,125 SF building on a 1-acre lot with 34 surface parking spaces
  • Located on US-31 in Manistee County (5,588+ VPD)
  • NNN Corporate Lease with 4–5 years remaining and minimal landlord responsibilities
  • Part of a 7-building Dollar General Portfoli
  • Strategic Rural Michigan Location with Zero Vacancy
  • Underserved rural trade area with no local competition and strong traffic.

Contacts

broker

StonePoint CRE

Location

Getting Around

  • Walk Score ®

    34/100 Car-Dependent
  • Bike Score ®

    34/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Bear Lake, MI
  • Zip Code 49614

Points of Interest

  • BP

    0.55 miles

  • Marathon

    1.63 miles

  • Pete's Woods Trailhead Parking Lot

    7.81 miles

  • Saint Pierre Trailhead Parking Lot

    8.31 miles

  • Baldy Trailhead Parking Lot

    8.46 miles

  • East Parking Area

    8.46 miles

  • Travelers Motel

    4.19 miles

  • Portage Lake Motel

    4.43 miles

  • Shirley's Place

    4.21 miles

  • M-22 Grill

    4.31 miles

  • Bear Lake School

    0.45 miles

  • Onekama Consoliated Schools

    1.86 miles

  • Onekama Consolidated Schools

    4.04 miles

  • Arcadia Elementary School

    6.71 miles

  • Glover School

    7.07 miles

  • Browntown School

    7.38 miles

  • Kaleva-Norman-Dickson School

    7.70 miles

  • Newland School

    8.35 miles

Frequently Asked Questions

How much does Dollar General - Bear lake cost?

The space currently listed for sale at Dollar General - Bear lake asks for $606,487.

What is the total square footage of Dollar General - Bear lake?

Dollar General - Bear lake totals 8,125 square feet.

When was this property built?

Dollar General - Bear lake was built in 2005.

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Contact Listing Broker
broker

StonePoint CRE

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