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    OFF-MARKET
    Industrial properties

    350 M-61, Gladwin, MI 48624

    1,728 SF 1.82 ac lot Built 1970
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1,728 square foot industrial property, situated on a 1.82-acre lot at 350 E M-61 in Gladwin, Michigan, presents a unique investment opportunity. Currently operating as a thriving restaurant, this establishment enjoys a highly desirable location, just a short distance from Smallwood Lake, part of the renowned Four Lakes system on the Tittabawassee River. The restaurant's prime position ensures a consistent flow of both local and tourist clientele throughout the year, contributing to its established reputation and strong financial performance. The property boasts a recently upgraded interior and exterior, maintaining an immaculate and welcoming atmosphere for patrons. The sale includes all existing restaurant equipment, ensuring a seamless transition for the new owner. Detailed financial statements are available upon request with the execution of a non-disclosure agreement, providing potential buyers with comprehensive insights into the business's profitability and operational efficiency. This turnkey operation offers a rare blend of established success, prime location, and significant growth potential. The combination of a busy restaurant and the attractive lakefront proximity makes this a truly exceptional investment opportunity in the vibrant Gladwin community.

    Property profile
    Verified
    Property type Industrial properties
    Year built 1970
    Total area 1,728 SF
    Lot 1.82 ac (79,279 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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