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Property profile & analytics
OFF-MARKET
Commercial real estate

13 9th St Gladstone, MI 49837-1642

0.32 ac lot
Individually Owned Absentee Owner Free & Clear
Property ID
US43-2575749
Property summary
AI-generated overview

This expansive 5,720 sq ft industrial property in downtown Gladstone, MI presents a compelling investment opportunity. Previously a body shop, the versatile layout is adaptable to various businesses. The property's potential for division into two rental units maximizes income generation. A large 1,500+ sq ft street-facing storefront, featuring two dressing rooms, a half bath, and air conditioning, is ideal for retail or office use. A substantial storage room and former paint room offer additional utility. The attic provides further storage potential. A breakroom and reception area cater to employee and customer needs. The expansive shop area boasts thick concrete floors, capable of supporting heavy vehicles, and includes an overhead door. Heating is provided by a Modine heater and ceiling radiant heaters. A 284 sq ft ventilated paint spray booth is suitable for automotive or industrial applications. A partial basement houses an air compressor. Ample parking is available in the alley. This 0.27-acre property benefits from excellent visibility and accessibility in the vibrant downtown Gladstone area, making it a prime location for diverse commercial ventures. This property offers the space and flexibility to achieve significant business or investment goals.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.32 ac (13,939 SF)
APN 052-044-007-00
UPID US43-2575749
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
DAN CARLSON
DAN CARLSON
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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