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Three to Four Unit Office Building
For Sale
$124,900

673 E Cedar Avenue, Gladwin, MI 48624

COMMERCIAL - Gladwin, MI

Property Size5,800 SF
Lot Size0.17 Acres
Price / SF$21.53
Days on Market187

Property Features for 673 E Cedar Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Professional Office, Commercial
Parking features Parking Lot, Leased
Subdivision Meets and Bouds
Lot features Office Park
Standard status Active
Size 5,800 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2024

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1984
Roof type Rubber, Metal
Listing Agency: CONDELL WONDER LAND
Listed By: TROY CONDELL · License #6504204982
Added: Jan 26 Changed: Jul 30 Last Checked: Aug 1 at 6:06PM
MLS# 50198237

Copyright © 2026 Clare Gladwin Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Cedar Village Professional Building is a three- to four-unit office property offering approximately 5,800 square feet. Built in 1984, the building has forced-air heating and central air, along with a large common hallway. City utilities and natural gas are available, and each unit is separately metered with utilities paid by the tenants. The property includes a shared parking lot that is leased and shared with three other properties.

Located within the City of Gladwin in a high-traffic strip mall area, the building sits down the road from Pizza Hut and Car Quest Auto, and next to the Secretary of State office and The Medicine Shop. The layout is well suited for medical offices or other service-based businesses.

Two units are currently rented. The rear unit, previously used as a medical office, is vacant and offers approximately 2,500 square feet with a large waiting room, multiple offices, exam rooms, a lunch or lounge area, and two reception areas. Office furniture and items owned by the seller in this unit are included in the sale. The middle unit is leased to Beltone Hearing and consists of 1 room with access to a restroom. The front unit is leased to Compass Drug Screening and includes approximately 1,000 square feet with a small waiting room, reception area, meeting rooms, and an office or exam room. A Duralast roof was installed around 2009.

Key Highlights

  • Approximately 5,800 SF three- to four‑unit office building built in 1984
  • Two units currently rented; rear unit is vacant and about 2,500 SF
  • Rear unit layout includes large waiting room, exam rooms, and two reception areas

Property Analytics

Current Use

Gladwin Family Care Medical Clinic Beltone Skoric Hearing ... Hearing Assistance Earphone 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

364
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 - Three to four unit office building with forced-air heat, central air, and two units currently rented.
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: Approximately 5,800 SF three- to four‑unit office building built in 1984; Two units currently rented; rear unit is vacant and about 2,500 SF; Rear unit layout includes large waiting room, exam rooms, and two reception areas
More about this property
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