$475,000
$525,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
4,054 SqFt
SOLD DATE : 04/30/2025
Key Details
Sold Price $475,000
Property Type Commercial
Sub Type Business Opportunity
Listing Status Sold
Purchase Type For Sale
Square Footage 4,054 sqft
Price per Sqft $117
MLS Listing ID 78080052570
Sold Date 04/30/25
Originating Board Aspire North REALTORS®
Year Built 1999
Lot Size 0.930 Acres
Acres 0.93
Lot Dimensions irregular
Property Sub-Type Business Opportunity
Property Description
Great investment opportunity in Cadillac! This 4,054 SF office building sits on 0.93 acres in total and is only a short drive from downtown Cadillac. The property was renovated in 2018 and features an attractive aesthetic with a lot of curb appeal. The building features 16 offices, a bullpen area, 3 conference rooms, a kitchenette area, a mailroom, 3 restrooms, and 2 separate reception areas. The partially finished basement features a large meeting space in the finished section, and plenty of storage space in the unfinished section. Priced at a 9.05% CAP in year 1 based on current lease with tenant.
Location
State MI
County Wexford
Area Cadillac
Zoning Commercial
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Roof Type Asphalt
Accessibility Disabled Access
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Frame,Stone,Wood
Schools
School District Cadillac
Others
Tax ID 10-104-00-019-00 & 018-00
Ownership Private Owned
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash,Other
Special Listing Condition Unknown/Data Share Listings
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
©2025 Realcomp II Ltd. Shareholders
Bought with Coldwell Banker Schmidt Traver
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "