For Sale
141 State Street, Hillman, MI 49746
$815,000
MLS # 201832996
1 / 40
Listing Description
Extremely Reputable & Established Sporting Goods Business, family owned & operated 40+ years, successfully servicing Northern Michigan. It's ideal location amidst many surrounding lakes & hunting lands makes this 6000 SF Retailer especially popular & in high demand with Hunters & Anglers. Committed to its Community, this Business is open 7 days/wk offering specialized services & contracts, boasting pride of ownership with historic profits, reconciled inventory and 10% Cap Rate! Price includes Inventory, Real Estate & Good Will. Services include DNR Licenses, Bait, Hi-Vis Wear, Boots & Clothing, Guns & Ammo, Archery & Fishing Gear & more! Store/Business Licenses subject to required approvals. Price is subject to inventory at time of closing. Business financials available upon NDA & LOI.
Source: SparkMLS
About this home
Currently offered at $815,000.
Electric service is provided by Alpena Power Company; natural gas by Presque Isle Electric & Gas Cooperative.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Location
CityHillman
MunicipalityHillman
Zip Code49746
CountyMontmorency
Sale & Financing
Listed1/5/2025
Original Price$845,000
Source: SparkMLS
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Lisa Timm
Banner Realty
Frequently Asked Questions about 141 State Street, Hillman, MI 49746
Is 141 State Street, Hillman, MI 49746 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 141 State Street, Hillman, MI 49746 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Alpena Power Company. Gas: Presque Isle Electric & Gas Cooperative. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Hillman police department or the Montmorency County sheriff's office.
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Monthly payment$5,286
Principal & interest$5,286
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Alpena Power Company
Investor-Owned
Presque Isle Electric & Gas Cooperative
Co-op
MI Public Service Commission service territory boundaries.
Property
141 State Street, Hillman, MI 49746
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Municipality
Hillman Village
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