Properties for sale in Michigan

Overview

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 Property Info

County: Wexford
Street #: 8826
Street Direction: E
Street Name: 34 Rd
State: MI
Zip Code: 49601

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 2.5
Lot Square Footage: 108900
Lot Dimensions: 295x329
Year Built: 2007
Road Frontage: 624
Total # Units: 10
# Fin Bldg Lvls: Yes
Total # Bldgs: Yes
Total SqFt: 21000
Full Baths: 8
Waterfront: No
School District: Cadillac

Tax Info

Tax ID #: 2209-28-1108
Taxable Value: 363495
SEV: 467400
For Tax Year: 2024
Seller's Annual Property Tax: 17232
Tax Year: 2024
Spec Assessment & Type: None
Homestead %: 0

Status Change Info

Under Contract Date: 2025-12-18

Additional Details

Total Parking Spaces: 75

More Information

Location & Property Info

Cross Streets: Hanthorne St
Property Sub-Type: Retail
Area: Paul Bunyan - P
Municipality: Haring Twp

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 118.29
Prop Avail for Lease?: No

Remarks & Misc

Public Remarks: 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.
Legal: NW 1/4 OF NW 1/4 OF NE 1/4 OF NE 1/4 SUB TO EASMT L436 P754 '02 2.5 A. HAR. SEC. 28 T22N R9W -CAPS-SUB TO EASE REC L 6

Street Type

Paved: Yes
Public: Yes

Property Use

Investment: Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Distribution: Yes
Professional Service: Yes
Professional/Office: Yes
Restaurant: Yes
Retail: Yes

Construction Type

Block: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Docs at List Office

Aerial Photo: Yes

Business Includes

Real Estate: Yes

Foundation

Block: Yes

Util Avail at St

Cable Available: Yes
Electricity Available: Yes
High Speed Internet: Yes
Natural Gas Available: Yes
Phone Available: Yes

Driveway

Paved: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes

Property Features

Property Use: Investment Uses: Distribution; Professional Service; Professional/Office; Restaurant; Retail Business Includes: Real Estate Construction Type: Block Foundation: Block Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Paved Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Docs at List Office: Aerial Photo Sale Conditions: None

8826 E 34 Rd, Cadillac, MI 49601