6117 King Street , Mindemoya

Bed / $1,390,000 / MLS® Listing #:2098447

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Great commercial opportunity in Central Manitoulin Island in the town of Mindemoya. Located at the junction of Hwy 551 and Hwy 542 sits Wilson General Store where it has been for over 45 years. The current owners have revamped the business and significantly improved the offering to the community and area. The entire building has been well utilized. The upper floor has renovated two 2 bedroom apartments and one 1 bedroom providing year round income. The main floor of the building houses a coin operated laundromat, ice cream parlour, sub sandwich shop and general store. The gas station and propane filling station provide additional income. There is a recent environmental report giving the business a clean bill of health. Gas lines has been replaced in the last seven years. Revenue has doubled since the new owners have taken over. Financial reports are available for the last three years and are made available upon completing a confidentiality agreement. The owners are willing to carry a partial VTB. PLEASE NOTE THAT THIS IS A SHARE SALE. SELLER WILL CONSIDER AN ASSET SALE INSTEAD OF A SHARE SALE. (id:10452)

Property Details

Property Type Commercial Mix
Square Feet
Maintenance N/A
Days On Our Website 35
Basement
Kitchens
Lot Dimensions under 1/2 acre
Pool N/A
Area Mindemoya
Air Conditioning N/A
Heating - Baseboard heaters
Exterior Vinyl
Parking Type Parking Space(s),Parking Space(s),Visitor Parking
Sewers Municipal sewage system
Water Municipal water

Listing Office: RE/MAX CROWN REALTY (1989) INC., BROKERAGE (SUDBURY)



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