702 Cedar St Kalkaska, MI 49646-9459
This exceptional 18,160-square-foot warehouse and distribution facility, situated on a 2.34-acre lot at 702 N Cedar St, Kalkaska, MI 49646, presents a unique investment opportunity. Built in 1976 and extensively renovated in 2021, the property boasts a desirable location near the intersection of US-131 and M-72, offering excellent visibility and accessibility. The building features four 14-foot overhead doors, providing ample access for loading and unloading. A large fenced yard provides substantial outdoor storage space. The property benefits from significant power capacity, including 3-phase power. The retail area underwent a complete renovation in 2021, and a new composite roof was installed on most of the building that same year. Regional Commercial zoning allows for a wide range of uses, including retail, restaurant, microbrewery, distillery, equipment rental, contractors, automotive, veterinary services, and even multifamily residential. Cannabis-related businesses are also permitted, including dispensaries, processing facilities, transportation, and safety compliance operations. With 222 feet of frontage, this property offers exceptional potential for a variety of businesses seeking a high-visibility location in a thriving community. The entire 18,160 square feet is currently vacant. The property's APN is 041-160-019-10.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.