The long and established history and family ownership of the Alderman Oil Co. Convenience Store goes back 41 years. It is a very successful business that has consistently demonstrated a year-in and year-out proven track record of strong sales and solid profits.
Great location for a small business park or apartment complex. This 8.55± acre B-1 zoned commercial property is right off busy Coffeen near very the intersection at Brundage Lane where McDonalds and Starbucks are located. Within walking distance to Sheridan College, this property is adjacent to the City walking/bike path allowing for all kinds of possibilities for its owner/users. It is mostly unimproved, but does have two homes and a shop/barn. The property has very senior water rights from the Burn-Cleutch Ditch (1881 Territorial Right). It also has City water and sewer is located next door.
This is an excellent commercial investment opportunity for sale with existing cash flow and plenty of room for expansion. The property can be bought as a whole with the Y Business, which includes a thriving and profitable deli, convenience store, gas station and liquor store (license subject to transfer approval) on 5.98 acres, or a buyer could purchase vacant land without the business subject to an approved subdivision per state and county subdivision rules and regulations. The Seller’s preference is to sell a portion of the vacant land as a commercial building site for future business opportunities.
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