Property profile

350 M-61 Gladwin, MI 48624

OFF-MARKET
Commercial real estate
1,728 SF 1.82 ac lot Built 1970
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Property summary

AI-generated overview

This exceptional opportunity presents the chance to acquire the Woodland Diner, a well-established restaurant located at 350 M-61 in Gladwin, Michigan, 48624. This 1,728 square foot, single-story building sits on a 1.82-acre lot zoned Commercial/Industrial. Built in 1970 and renovated in 1986, the property is in immaculate condition, boasting recently upgraded interiors and exteriors. Its prime location near Smallwood Lake, part of the Four Lakes system on the Tittabawassee River, ensures a steady stream of both local and tourist clientele. The Woodland Diner enjoys a strong reputation and positive reviews, reflecting its commitment to quality and service. The sale includes all existing restaurant equipment. Detailed financial information is available upon request with a signed non-disclosure agreement. This is a turnkey operation ideal for an owner-user seeking a profitable investment in a vibrant community. The asking price is $450,000, translating to $260.42 per square foot. This represents a rare opportunity to own a thriving business in a desirable location. Don't miss out on this chance to own a piece of Gladwin's culinary landscape.

Property profile

Verified
Property type Commercial real estate
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

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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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