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Cedar Village Office Building
For Sale
$124,900

E 673 E Cedar Avenue Unit SourceFi, Gladwin, MI 48624

Multi-suite commercial office property with medical-office improvements, existing leases, and a shared parking arrangement.

Property Size5,800 SF
Price / SF$21.53
Days on Market219

Property Features for E 673 E Cedar Avenue Unit SourceFi

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
Building Size 5,800 SF
Tenancy Multi
Listing Agency: CONDELL WONDER LAND
Listed By: TROY CONDELL · License #6504204982
Source: Xome
Added: Jan 23 Changed: Aug 29 Last Checked: Aug 30 at 1:13PM

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 constructed in 1984, with three configured units and a common interior hallway. The rear suite is vacant and provides approximately 2,500 square feet, including a substantial waiting area, several offices, exam rooms, a lounge or break area, and two reception areas. Seller-owned office furnishings and other items in that suite are included. The front unit contains approximately 1,000 square feet with a waiting area, reception space, meeting rooms, and an office or exam room. The middle unit consists of one room with restroom access.

Two suites are leased: the middle unit to Beltone Hearing and the front unit to Compass Drug Screening. The property is located at 673 E Cedar Ave in Gladwin, within a high-traffic strip mall setting near Pizza Hut and Car Quest Auto and adjacent to the Secretary of State office and The Medicine Shop. City utilities and natural gas are available, each unit has separate metering, and tenants pay their own utilities. A Duralast roof was installed around 2009.

Key Highlights

  • 5,800‑square‑foot office building constructed in 1984
  • Three configured office units with a shared interior hallway
  • Vacant rear suite offers approximately 2,500 square feet with exam rooms and two reception areas

Property Analytics

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

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 commercial office property with medical-office improvements, existing leases, and a shared parking arrangement.
Where is this office building located?
The property is located at E 673 E Cedar Avenue Unit SourceFi 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 office building constructed in 1984; Three configured office units with a shared interior hallway; Vacant rear suite offers approximately 2,500 square feet with exam rooms and two reception areas
More about this property
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