350 M-61, Gladwin, MI 48624
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.