6117 King Street Mindemoya, Ontario P0P 1S0
$1,275,000
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:37337)
Business
| Business Type | Retail and Wholesale |
| Business Sub Type | General retail |
Property Details
| MLS® Number | 2098447 |
| Property Type | Retail |
| Equipment Type | Water Heater - Electric |
| Rental Equipment Type | Water Heater - Electric |
| Storage Type | Outside Storage |
Building
| Exterior Finish | Vinyl |
| Fire Protection | Alarm System, Fire Alarm System, Security System, Smoke Detectors |
| Flooring Type | Hardwood, Laminate, Tile |
| Foundation Type | Concrete Slab |
| Heating Type | Baseboard Heaters |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Type | Commercial Mix |
| Utility Water | Municipal Water |
Parking
| Parking Space(s) | |
| Visitor Parking |
Land
| Access Type | Highway Access |
| Acreage | No |
| Fence Type | Partially Fenced |
| Sewer | Municipal Sewage System |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C2 |
https://www.realtor.ca/real-estate/23663614/6117-king-street-mindemoya
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September 26 2022 05:08:07
Sudbury Real Estate Board
RE/MAX Crown Realty (1989) Inc., Brokerage (Sudbury)