Individually Owned Property summary
This exceptional investment opportunity presents a fully occupied, six-unit retail building situated on a generous 4.2-acre lot in Cadillac, Michigan. The property, located at 7048 W 38 Rd, features 2,958 square feet of space, spread across two stories, and boasts a strong net operating income (NOI) of $77,700. Built in 1962 and extensively renovated in 2018, the building comprises six rental units: four units currently leased at $825 per month and two units leased at $750 per month. In… addition to the retail space, the property includes a charming two-story, two-bedroom, 1.5-bathroom home previously leased at $1400 per month plus utilities. This home features a modern kitchen with stainless steel appliances, a spacious dining area, a luxurious primary bedroom with ensuite bathroom, convenient first-floor laundry, and an upstairs loft area serving as a second bedroom. A detached two-stall garage provides additional convenience. The property also benefits from a large, approximately 1.3-acre paved parking lot, offering ample space for tenants and customers. The expansive lot size presents significant potential for future expansion, allowing for the addition of more units, storage facilities, or other amenities. The property is zoned for commercial use and is conveniently located near various recreational attractions, including trails, ski resorts, golf courses, and water sports, making it an ideal location for short-term rental tourism. The asking price is $499,900, representing a price per square foot of $169. Detailed financial information is available upon request. The property's APN is 2212354403.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 4.2 ac
- APN
- 2212-35-4403
- Assessed value · 2024
- $115,500
- Annual tax · 2023
- $3,902
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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- Cap Rate Calculation
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- Alternative use
- Local Zoning Insight
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