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Professional Office Building with Medical Suite

673 E Cedar, Gladwin, MI 48624

For Sale
$109,900

A vacant, furnished office suite has a waiting area, reception spaces, offices, and exam rooms.

Property Size5,800 SF
Price / SF$18.95
Days on Market293

Property Features for 673 E Cedar

General Information

Standard status Active
Size 5,800 SF
Property subtype Commercial/Industrial
Zoning Professional Office,Commercial

Additional Details

Furnished Yes
Utilities to Site Yes
Office Units 4
Tenant in Place Yes
Property Use Office

Building Details

Year Built 1984
Buildings 1
Building Size 5,800 SF
Tenancy Multi
Listing Agency: Condell Wonder Land
Listed By: Troy Condell · License MI #6504204982
Source: Jabachler
Added: Jan 26 Changed: Nov 11 Last Checked: Nov 12 at 11:24PM

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

Rey
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Investment Insights

Based on property information with market context.

This 5,800-square-foot professional office building was constructed in 1984 and contains approximately three to four units. The vacant rear suite measures about 2,500 square feet, with a waiting room, multiple offices, exam rooms, two reception areas, and a lunch or lounge space. Seller-owned furniture and items in that suite are included. Two other units are occupied: one is a single room with restroom access, and the other spans approximately 1,000 square feet with a waiting room, reception area, meeting rooms, and an office or exam room.

The property is in Gladwin, within a high-traffic strip mall area, near Pizza Hut, Car Quest Auto, the Secretary of State office, and The Medicine Shop. Professional Office and Commercial zoning, city utilities, and natural gas are noted. Each unit has separate utility metering, with tenants responsible for utility costs. Parking is shared and leased with three other properties. A Duralast roof was installed around 2009.

Key Highlights

  • Approximately 5,800 square feet across 3–4 office units
  • Vacant rear suite offers approximately 2,500 square feet and includes seller‑owned furnishings
  • Rear suite has two reception areas, offices, exam rooms, a waiting room, and lounge space

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick HVAC Service Bar & Pub

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

4
Office units
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

5
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

Frequently Asked Questions

What type of property is this?
Office building - A vacant, furnished office suite has a waiting area, reception spaces, offices, and exam rooms.
Where is this office building located?
The property is located at 673 E Cedar Gladwin, MI.
What is the asking price?
The asking price for this property is $109,900.
What are key features of this property?
This property features: Approximately 5,800 square feet across 3–4 office units; Vacant rear suite offers approximately 2,500 square feet and includes seller‑owned furnishings; Rear suite has two reception areas, offices, exam rooms, a waiting room, and lounge space
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