920 Delta Ave Gladstone, MI 49837-1649
This exceptional 3,800 square foot industrial building in Gladstone, MI, presents a rare opportunity for both business owners and investors. Situated on a 0.09-acre lot at 920 Delta, this historic property boasts a rich history, having served as a successful business for over four decades, cultivating a loyal customer base. The sale includes the building itself, offering immediate potential for a new venture. The existing business is also available for purchase, encompassing only the inventory, with the seller providing training to ensure a smooth transition. Adding to its appeal, the building features two upper-level apartments, each generating $600 per month in rental income with all utilities included. This provides a consistent revenue stream, enhancing the overall return on investment. The building has been meticulously maintained throughout its history, retaining its original charm while offering modern functionality. This unique property combines the advantages of a well-established commercial space with the added benefit of residential rental income, making it an attractive proposition for a diverse range of buyers. The property is priced at $249,900. Don't miss this chance to acquire a piece of Gladstone's history and secure a profitable future.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.