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$2,484,000
Est. payment /mo
21,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 21,000 sqft
Price per Sqft $118
Subdivision Mi
MLS Listing ID 70497783
Year Built 1990
Annual Tax Amount $17,232
Tax Year 2024
Lot Size 2.500 Acres
Acres 2.5
Lot Dimensions 295x329
Property Sub-Type Commercial/Industrial
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 Haring Twp (83009)
Interior
Heating Forced Air
Exterior
Parking Features 21+ Spaces
Building
Structure Type Block
Others
Energy Description Natural Gas
Financing Cash,Conventional
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