524 E Cedar Avenue Gladwin, MI ^$ 675,000

524 E Cedar Avenue

^$ 675,000

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524 E Cedar Avenue

Gladwin, MI, 48624

^$ 675,000

Studio Baths0.0 Sq 20,000

Monthly Estimate*

^$ 4,715

524 E Cedar Avenue, Gladwin, MI 48624 - Image 1

524 E Cedar Avenue, Gladwin, MI 48624 - Image 2

524 E Cedar Avenue, Gladwin, MI 48624 - Image 3

524 E Cedar Avenue, Gladwin, MI 48624 - Image 4

524 E Cedar Avenue, Gladwin, MI 48624 - Image 5

524 E Cedar Avenue, Gladwin, MI 48624 - Image 6

Studio

Commercial Property for sale in Gladwin, MI

for $675,000. This 20,000 square foot building was built in 1989 on a lot size of 1.75.

Great opportunity for any investor. Approximate 9% cap rate on this 4 tenant plaza with long time Family Dollar as the anchor occupying 12,000 SF. Plenty of parking and great visibility. Please call for further details.

Commercial Active

Price

^$ 675,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 18,587

Style

Commercial/Industrial

Lot Size

1.75

Year Built

1989

Town/City

Gladwin

County/Region

Gladwin

MLS | Web ID

50125307

Features

General

Water Public Water

Status Active Active

Year Built 1989

County Gladwin

Class COM/IND/BUS OPP

Type Commercial/Industrial

Percent Ownership Partnership

Municipality Gladwin

Subdivision MI

Area Gladwin (26017)

Primary City Gladwin

City Gladwin

Street Name Cedar

Financial Terms Cash Commercial Loan Conventional

Legal Description GLADWIN CITY MAP OF BUSCH ADD BLK 2 PART OF LOTS 1-2-3-4 & BLK 3 PART OF LOTS 1-6-7-8 DESC AS BEG S 88DEG 57MIN 42SEC E ALONG N LINE OF GROUT ST 149.65FT FROM SW COR OF LOT 2 BLK 1 OF TOWNSEND & CLARK

DOM 196

Postal Code 48624

Price Per Sq Ft 33.75

Coming Soon Great opportunity for any investor. Approximate 9% cap rate on this 4 tenant plaza with long time Family Dollar as the anchor occupying 12

Exterior

Frontage 171

Lot Size Area 1.75

Lot Dimensions 243' x 325'

Waterfront Y/N No

* Excluded Features

List By

Sandra Covaleski

Listing Agent

Commercial Equities

Broker

sandy@commequities.com

Affordability Calculator

$6,264

Per Month

Monthly Principal & Interest: $4,715
Monthly Property Taxes: $1,549
Monthly Home Insurance: --

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Loan Term

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Gladwin, MI

Average List Price ^$184,638

Percent of Sale Price 73%

About Gladwin, MI

2,934 Population

3% Since 2002

^$33,034 Median Income

41.4 Median Age

31% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/17/2023	$675,000		Listed Price

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524 E Cedar Avenue, Gladwin, MI, 48624 is a Commercial Property for sale at $675,000 with 20,000 sqft and a lot size of 1.75. 524 E Cedar Avenue is a studio with 0.0 baths and was built in 1989. The property's zip code is 48624 which is in Gladwin, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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524 E Cedar Avenue

Commercial Property for sale in Gladwin, MI

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