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    Industrial properties

    9164 Wahl R.55 Ave, Gladstone, MI 49837

    3,128 SF 0.98 ac lot Built 1944
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a well-established waterfront cabin resort situated on a 0.98-acre lot in Gladstone, MI. The property boasts six cabins of varying sizes, all fully furnished and equipped for year-round operation, though currently operating seasonally. Built in the 1940s and originally used as a POW camp, these charming cabins have a rich history and have been under the same family ownership since their relocation to the current location. The current owner has cultivated a loyal clientele, evidenced by years of repeat business, and will provide the new owner with a comprehensive guest list and transfer existing reservations for 2025. Amenities include a convenient fish cleaning station, readily available boats and boating equipment for guest use, a communal fire pit, and a private sandy beach perfect for swimming. The property's 3,128 square feet of cabin space offers significant potential for expansion and increased revenue generation through year-round operation. All furniture and furnishings are included in the sale price of $899,000. This turnkey operation presents a rare chance to acquire a profitable and established business with a strong foundation for future growth.

    Property profile
    Verified
    Property type Industrial properties
    Year built 1944
    Total area 3,128 SF
    Lot 0.98 ac (42,689 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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