813 M-61 Gladwin, MI 48624
- Retail properties
- 3,000 SF
- 1.20 lot acres
Current Use by Public Records
- Retail properties
Property Details for 813 M-61
- Year built
- 1998
- Lot size
- 1.20 lot acres
- Property size
- 3,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional commercial property in Gladwin, Michigan, presents a unique investment opportunity. The 3,000 square foot building, situated on a 1.2-acre lot (APN: 130-033-100-050-00), is currently 100% occupied and boasts a flexible layout suitable for various retail uses, including auto shops and convenience stores. Previously utilized as both a retail space and a grow facility, this Class B building offers significant potential. Built in 1998 and renovated in 2020, the single-story structure features improved parking and access to a two-acre pond. The property includes three buildings in total, and zoning is commercial. The asking price is $89,000, translating to $29.67 per square foot. The property's versatility, combined with its prime location and recent renovations, makes it an attractive investment for owner-users seeking a high-return opportunity. The lease is currently in place until June 27, 2024. Additional features include a 5-inch well and the potential for a home site. This property offers a rare combination of commercial space and unique amenities.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gladwin
- County
- Gladwin
- State
- Michigan
- Longitude
- -84.3991
- Latitude
- 43.9799
