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    1012 Seneca Pl Cadillac, MI 49601

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    For Sale
    $175,000

    2,104 SF industrial building suitable for warehouse and distribution.

    Property size:
    2,104 SF
    Lot size:
    1.50 Acres

    Property Features for 1012 Seneca Pl

    General Information

    Size
    2,104 SF
    Lot size
    1.50 Acres

    Building Details

    Year built
    1994

    Source: Daniella Bell Agent Daniella Bell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Industrial Building in Cadillac Area

    This 2,104 SF building, zoned Light Industrial, presents an exceptional industrial opportunity for industrial, warehouse, and distribution purposes. The property is strategically located in the Cadillac area, offering a versatile and adaptable space ideal for a range of industrial activities. It provides convenient access to key transportation routes, ensuring efficient logistics and connectivity. The tenant is responsible for utilities and property maintenance. The well-maintained, heated building has been occupied by the tenant since 2023, with the lease running through October 2029. The property is situated on 1.5 acres and is strategically located between M-115 and US-131. This property provides a solid foundation for success in the industrial landscape.
    Insight Report Location Intelligence

    Current Use by Public Records

    Beeman's Towing & Recovery ... Towing Service

    Suggested Use

    Realty agency Restaurant Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Hotel & Motel Kitchen & Bath Auto Parts Store Grocery Store

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

    Similar Places Nearby

    White Pine Self Storage - 6621 West Division Street

    Location Insight

    • Map
    • Local Demand
    City
    Cadillac
    County
    Wexford
    State
    Michigan
    Longitude
    -85.436632
    Latitude
    44.259763

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    FAQs

    What type of property is this?
    Warehouse - 2,104 SF industrial building suitable for warehouse and distribution.
    Where is this warehouse located?
    The property is located at 1012 Seneca Pl Cadillac, MI.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - High Cap Rate: 10.42% offers a strong return on investment; - Stable Income Stream: $21,600 total income with $18,234 NOI; - Long-Term Tenant: Leased through October 2029 with a local business owner
    (231) 920-3264
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    1012 Seneca Pl Cadillac, MI 49601
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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
    1012 Seneca Pl Cadillac, MI 49601
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