813 M-61 Gladwin, MI 48624
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.
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
Similar Nearby for Lease
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.