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Professional Office Building with Medical Suite
For Sale
$124,900

673 E Cedar Avenue, Gladwin, MI 48624

Multi-suite office property with existing tenants, a vacant medical-office layout, and separately metered utilities.

Property Size5,800 SF
Price / SF$21.53
Days on Market229

Property Features for 673 E Cedar Avenue

General Information

Standard status Active
Size 5,800 SF
Property subtype Industrial

Additional Details

Furnished Yes
Utilities to Site Yes
Office Units 3

Amenities

Central Air
3
Metal, Rubber

Building Details

Year Built 1984
Buildings 1
Tenancy Multi
Listing Agency: CONDELL WONDER LAND
Listed By: TROY CONDELL · License #6504204982
Source: Xome
Added: Jan 24 Changed: Sep 9 Last Checked: Sep 10 at 6:26AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CONDELL WONDER LAND

Investment Insights

Based on property information with market context.

Cedar Village Professional Building is a 5,800-square-foot office property in Gladwin, Michigan, constructed in 1984. The building contains three functional areas, including a vacant rear suite of approximately 2,500 square feet with a large waiting room, multiple offices, exam rooms, two reception areas, and a lunch or lounge space. Furniture and seller-owned items in that suite are included. Occupied space includes a front unit of approximately 1,000 square feet with a waiting area, reception, meeting rooms, and an office or exam room, plus a smaller middle unit with one room and restroom access.

The property sits in a high-traffic strip mall area near Pizza Hut, Car Quest Auto, the Secretary of State office, and The Medicine Shop. A large common hallway serves the suites, while shared parking is leased with three other properties. City utilities and natural gas are available, each unit is separately metered, and tenants pay their own utilities. A Duralast roof was installed around 2009.

Key Highlights

  • 5,800‑square‑foot professional office building constructed in 1984
  • Vacant rear suite offers approximately 2,500 square feet with exam rooms and two reception areas
  • Front unit includes approximately 1,000 square feet, waiting area, reception, meeting rooms, and office or exam room

Property Analytics

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Current Use

Gladwin Family Care Medical Clinic Beltone Skoric Hearing ... Hearing Aid Store Jonathan Hollis Physician

Suggested Use

Top Pick Spa & Massage Center Parking Lot & Garage Electrical Service Kitchen & Bath Showroom Skin Care Clinic Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Office units
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

430
Businesses Nearby

Demographics for 48624, MI

15,739
Population
11,073
Households
1.4
Avg Household Size
51
Median Age
15%
College-Educated
88%
High-School Grad
341.2 sq mi
ZIP Area
46
Density / Sq Mi
$55,415
Median Household Income
$35,481
Median Earnings
$689
Median Rent
$154,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Multi-suite office property with existing tenants, a vacant medical-office layout, and separately metered utilities.
Where is this office building located?
The property is located at 673 E Cedar Avenue Gladwin, MI.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: 5,800‑square‑foot professional office building constructed in 1984; Vacant rear suite offers approximately 2,500 square feet with exam rooms and two reception areas; Front unit includes approximately 1,000 square feet, waiting area, reception, meeting rooms, and office or exam room
More about this property
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