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    920 Delta Ave Gladstone, MI 49837

    Sponsored
    For Sale
    $249,900

    Historic building, rental income, prime location.

    Property size:
    3,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 3,800 square foot industrial building in Gladstone, MI, presents a rare opportunity for both business owners and investors. Situated on a 0.09-acre lot at 920 Delta, this historic property boasts a rich history, having served as a successful business for over four decades, cultivating a loyal customer base. The sale includes the building itself, offering immediate potential for a new venture. The existing business is also available for purchase, encompassing only the inventory, with the seller providing training to ensure a smooth transition. Adding to its appeal, the building features two upper-level apartments, each generating $600 per month in rental income with all utilities included. This provides a consistent revenue stream, enhancing the overall return on investment. The building has been meticulously maintained throughout its history, retaining its original charm while offering modern functionality. This unique property combines the advantages of a well-established commercial space with the added benefit of residential rental income, making it an attractive proposition for a diverse range of buyers. The property is priced at $249,900. Don't miss this chance to acquire a piece of Gladstone's history and secure a profitable future.

    Property Features for 920 Delta Ave

    General Information

    Property type
    Industrial properties
    Square Feet
    3,800 SF
    Lot Size
    3,920 SF

    Building Details

    Year Built
    1910
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gladstone
    County
    Delta
    State
    Michigan
    Longitude
    -87.02101
    Latitude
    45.84763

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    FAQs

    What type of property is this?
    Industrial property - Historic building, rental income, prime location.
    Where is this industrial property located?
    The property is located at 920 Delta Ave Gladstone, MI.
    What is the asking price?
    The asking price for this property is $249,900.
    (906) 233-7455
    Request Owner's contact information
    920 Delta Ave Gladstone, MI 49837
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    Gladstone, MI 49837
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    920 Delta Ave Gladstone, MI 49837
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