Property profile

350 M-61 Gladwin, MI 48624

OFF-MARKET
Industrial properties
1,728 SF 1.82 ac lot Built 1970
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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

Location

350 M-61 Gladwin, MI 48624
Gladwin metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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