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$ 2,484,000
Est. payment | /mo
8 Baths
21,000 SqFt
$ 2,484,000
Est. payment | /mo
8 Baths
21,000 SqFt
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Pending
Purchase Type For Sale
Square Footage 21,000 sqft
Price per Sqft $118
MLS Listing ID 72025051131
Year Built 2007
Lot Size 2.500 Acres
Acres 2.5
Property Sub-Type BusinessandRealEstate
Property Description
Joe McNally and RE/MAX Together are pleased to offer 34 Road Mall in Cadillac, MI. This is a 100 percent leased, stabilized asset, that offers an investor the rare opportunity to acquire a well constructed and maintained multi tenant retail center at almost a 7 percent Cash-on-Cash Return with obvious upward opportunity. The property is a 21,094 square foot inline center on 34 Rd consisting of 10 tenants, at a 100% occupancy rate. This unbeatable location is set in the heart of Cadillac's most highly traffic corridor. The building has been well maintained, and includes an owner-use storage/wokshop area as a bonus. Annual gross incomes exceed $200,000, with upward potential evident.
Location
State MI
County Wexford
Area Area83121Haringtwp
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features Paved
Utilities Available ElectricityConnected, NaturalGasConnected, PhoneAvailable, PhoneConnected
View Y/N No
Building
Foundation Block
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Cadillac
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Joseph McNally of RE/MAX TOGETHER