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Additional details
$ 2,484,000
Est. payment /mo
Active
8826 E 34 Rd Cadillac, MI 49601
8 Baths
21,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Active
Purchase Type For Sale
Square Footage 21,000 sqft
Price per Sqft $118
MLS Listing ID 72025051131
Year Built 2007
Lot Size 2.500 Acres
Acres 2.5
Property Sub-Type BusinessandRealEstate
Property Description
Joe McNally and RE/MAX Together are pleased to offer 34 Road Mall in Cadillac, MI. This is a 100 percent leased, stabilized asset, that offers an investor the rare opportunity to acquire a well constructed and maintained multi tenant retail center at almost a 7 percent Cash-on-Cash Return with obvious upward opportunity. The property is a 21,094 square foot inline center on 34 Rd consisting of 10 tenants, at a 100% occupancy rate. This unbeatable location is set in the heart of Cadillac's most highly traffic corridor. The building has been well maintained, and includes an owner-use storage/wokshop area as a bonus. Annual gross incomes exceed $200,000, with upward potential evident.
Location
State MI
County Wexford
Area Area83121Haringtwp
Interior
Heating ForcedAir, NaturalGas
Cooling CentralAir
Fireplace No
Exterior
Parking Features Paved
Utilities Available ElectricityConnected, NaturalGasConnected, PhoneAvailable, PhoneConnected
View Y/N No
Building
Foundation Block
Sewer PublicSewer
Water Public
New Construction No
Schools
High Schools Cadillac
School District Cadillac
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Joseph McNally of RE/MAX TOGETHER