2721 Sunnyside Dr Cadillac, MI 49601

Property Details for 2721 Sunnyside Dr

Lot size

0.52 lot acres

Property type

Commercial real estate

APN

10-104-00-019-00

APU

101040001900

Description

This exceptional 4,054 square foot office building presents a compelling investment opportunity in Cadillac, Michigan. Situated on a 0.93-acre lot, this property enjoys a convenient location, just a short drive from the city's downtown area. Completely renovated in 2018, the building boasts significant curb appeal and an attractive aesthetic. The interior layout is highly functional, featuring 16 individual offices, a spacious bullpen area perfect for collaborative work, and three well-appointed conference rooms. Additional amenities include a convenient kitchenette, a dedicated mailroom, and three restrooms strategically placed throughout the building for employee convenience. Two separate reception areas provide ample space for greeting clients and visitors. A partially finished basement offers a large, finished meeting space, ideal for larger gatherings or presentations, along with substantial unfinished storage space to accommodate various needs. The property's strong financial performance is highlighted by a projected 9.05% capitalization rate in the first year, based on the existing lease agreement with the current tenant. This makes it an attractive proposition for investors seeking a stable and profitable addition to their portfolio. The combination of prime location, modern updates, and strong financial projections makes this Cadillac office building a truly exceptional investment opportunity.

Location Insight

City

Cadillac

County

Wexford

State

Michigan

Longitude

-85.4545

Latitude

44.2345

CBSA code

15620

CBSA name

CADILLAC, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments