35 M-61, Gladwin, MI 48624
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.
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.