Salon-Ready Retail
For Sale
$144,000
918.5 Delta Avenue, Gladstone, MI 49837
COM/IND/BUS OPP, Gladstone, MI
Property Size710 SF
Lot Size0.11 Acres
Price / SF$202.82
Days on Market12
Property Features for 918.5 Delta Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Lot features
Main Street, Downtown Dev Authority
Subdivision
Gladstone (21015)
Standard status
Active
Size
710 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
680
Utilities
Heating system
Forced Air
Cooling system
Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1900
Roof type
Rubber
Listing Agency:
KEY REALTY DELTA COUNTY LLC
(906) 233-7455
Listed By:
TAMMY GARLING · License #UPAR
(906) 280-1169
Added: Sep 25
Changed: Sep 29
Last Checked: Oct 6 at 6:06AM
MLS# 50223295
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.
This 710-square-foot storefront in Gladstone is configured for a hair salon. The business has operated under its current owner for 45 years and serves an established clientele. Salon equipment and furnishings are included with the business; the real estate is also available without the business.
The property occupies a 0.11-acre parcel and is zoned Commercial. Built in 1900, it has forced-air heat, wall/window unit cooling, public water, and a rubber roof.
The property occupies a 0.11-acre parcel and is zoned Commercial. Built in 1900, it has forced-air heat, wall/window unit cooling, public water, and a rubber roof.
Key Highlights
- 710‑square‑foot storefront currently used as a hair salon
- Established salon business has operated under the current owner for 45 years
- Salon equipment and furnishings included with the business; property also available without the business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,121
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$122,420
$122.4K
Cap Rate 7%
$87,443
$87.4K
Cap Rate 9%
$68,011
$68.0K
Market Conditions
NOI Build-Up for 710 SF
Gross rent
$10.7K $15.00/SF
− Vacancy
−$1.9K −$2.69/SF
EGI
$8.7K $12.32/SF
− OpEx
−$2.6K −$3.69/SF
NOI
$6.1K $8.62/SF
Area
Delta County, MI
Vacancy
17.90%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$122,420
Cap Rate 7%
$87,443
Cap Rate 9%
$68,011
Alternative Uses
Best Use
Retail
$87.4K
$76.5K – $102.0K
NOI $6,121 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$139.0K
$121.6K – $162.2K
NOI $9,729 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Groceries 33%
Holiday Station Store
Shops & Services
9,355 visits/mo
0.2 miles
Pat's Foods
Groceries
8,791 visits/mo
0.2 miles
Family Dollar
Shops & Services
5,352 visits/mo
0.4 miles
Wild Bill's Tobacco
Shops & Services
1,263 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
1,016 visits/mo
0.1 miles
Demographics for 49837, MI
10,086
Population
4,488
Households
2.2
Avg Household Size
48
Median Age
24%
College-Educated
95%
High-School Grad
69.0 sq mi
ZIP Area
146
Density / Sq Mi
$65,905
Median Household Income
$35,156
Median Earnings
$782
Median Rent
$145,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - The property can be purchased with the established salon business or without it.
Where is this storefront property located?
The property is located at 918.5 Delta Avenue Gladstone, MI.
What is the asking price?
The asking price for this property is $144,000.
What are key features of this property?
This property features: 710‑square‑foot storefront currently used as a hair salon; Established salon business has operated under the current owner for 45 years; Salon equipment and furnishings included with the business; property also available without the business
