6998 US2 Highway Gladstone, MI 49837
COMMERCIAL - Gladstone, MI
- Added:
- Oct 2, 2024
- Days on Market:
- 650
- Last Refresh:
- Jul 13 at 12:06 am
Property Features for 6998 US2 Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 1,500 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 1850
Utilities
- Heating system
- Forced Air
- Water source
- Private
Building Details
- Year built
- 1977
- Roof type
- Metal
Listing agent RYAN GORDON License #6502420131 (906) 282-1644
Listing office STEPHENS REAL ESTATE 1320 CARPENTER AVE., Iron Mountain, MI (906) 774-8570
Listing date Oct 2, 2024
Copyright © 2026 Upper Peninsula Association 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.
Located at 6998 US 2 Highway in Gladstone, Michigan 49837, the offering is listed with a Commercial zoning designation and is marketed with easy access and ample parking.
This is presented as a turnkey setup for a qualified operator, with included business licenses noted in the public remarks: food, lottery, Sunday sales, SDD, and SDM.
Key Highlights
- Valuable business licenses included (food, lottery, Sunday sales, SDD, SDM)
- Turnkey operation with all fixtures included
- High traffic exposure and easy access
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.0k | $18.00 |
| − Vacancy | −$702 | −$0.47 |
| EGI | $26.3k | $17.53 |
| − OpEx | −$6.6k | −$4.38 |
| NOI | $19.7k | $13.15 |
