6998 Us2 Hwy, Gladstone, MI 49837
New
1,500 sq ft commercial building on 0.29 acres.
Property size:
1,500 SFLot size:
0.29 AcresPrice / SF:
$233/SF- Added:
- Jun 10, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 10 at 3:33 pm
Property Features for 6998 Us2 Hwy
General Information
- Standard status
- Active
- Property type
- Grocery and convenience stores, Other retail properties, Showrooms, Retail properties & Spaces
- Size
- 1,500 SF
- Net Rentable
- 1,500 SF
- Total Parking Spaces
- 25
- Elevators
- No
- Lot size
- 0.29 Acres
- Investment Type
- Owner User
Building Details
- Year Built
- 1977
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing agent Ryan (906) 774-8570
Listing office (906) 774-8570
Listing date Jun 10, 2026
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 |
1,500 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$281.8K
$246.6K – $328.7K
NOI $19,724 @ 7.0% cap · market cap 5.64%
Second Best
Retail
$184.7K
$161.6K – $215.5K
NOI $12,931 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$293.6K
$256.9K – $342.6K
NOI $20,555 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Map
- City
- Gladstone
- County
- Delta
- State
- Michigan
- Longitude
- 45.8921
- Latitude
- -87.0533
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - 1,500 sq ft commercial building on 0.29 acres.
Where is this grocery and convenience store located?
The property is located at 6998 Us2 Hwy Gladstone, MI.
What is the asking price?
The asking price for this property is $349,900.
