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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

813 M-61 Gladwin, MI 48624

3,000 SF 1.2 ac lot Built 1998
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1998
Total area 3,000 SF
Lot 1.2 ac (52,272 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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