Property profile

35 M-61 Gladwin, MI 48624

OFF-MARKET
Industrial properties
1,536 SF 1.02 ac lot Built 1987
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Property summary

AI-generated overview

This 1,536 square foot industrial building is ideally situated on a main thoroughfare in Gladwin, MI, offering excellent visibility and accessibility. Previously used as a real estate office, this versatile space is perfect for a variety of professional uses, including medical practices (doctor's office, dental office, physical therapy), personal care services (hair or nail salon, pet groomers), or other businesses requiring high visibility. The building features two separate, handicap-accessible entrances, each with its own bathroom and kitchenette, allowing for flexible use as either a single large office or two independent rental units. Modern amenities include a Watchfire LED marquee sign for effective advertising, a security system with cameras, temperature monitoring, and a high-water alert system for the sump pump. Recent upgrades include a new roof (2012), well (2024), AC unit (2024), and septic line (2024), ensuring low maintenance costs. High-speed Spectrum internet is already installed. The 1.02-acre lot provides ample space, and the building's adaptable layout makes it an exceptional opportunity for a business seeking a prominent location in Gladwin. This turnkey property is ready for immediate occupancy.

Property profile

Verified
Property type Industrial properties
Year built 1987
Total area 1,536 SF
Lot 1.02 ac (44,431 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

35 M-61 Gladwin, MI 48624
Gladwin metro
Google Maps

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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