905 Delta Avenue, Gladstone, MI 49837
sale
$209,995
|
Other
Courtesy Of State Wide Real Estate of Escanaba
2209 Ludington Street, Escanaba, MI 49829
Prime Downtown Gladstone Investment Opportunity! Here's your chance to own a turn-key mixed-use property in the heart of downtown Gladstone-one of the Upper Peninsula's most charming, walkable, and growing communities. Ideally located just steps from local shops, dining, and the Gladstone Farmers Market, this well-cared-for two-story building offers exceptional versatility, income potential, and classic small-town charm. The main level features a long-established barbershop, a trusted local business with excellent street visibility, consistent clientele, and strong community presence. This space is move-in ready for continued operation or conversion to another retail or service use. Its attractive storefront and central location make it a true downtown staple. Upstairs, you'll find two beautifully maintained, move-in-ready apartments that have been thoughtfully cared for over the years-each with bright natural light, clean finishes, and proven rental appeal. These units offer steady income potential for the next owner. The third apartment provides an excellent fixer-upper opportunity, allowing you to add value and increase future rental returns. Whether you're looking to generate consistent income, live on-site, or expand your investment portfolio, this property provides flexibility and upside. A full basement adds valuable storage and utility space, along with an office area that could easily serve as a workshop, additional rental unit, or business operations hub. Outside, a two-car garage and extra storage space enhance functionality for both tenants and business use. Pride of ownership is evident throughout-inside and out. The building has been beautifully maintained, offering a strong foundation for years to come. With its central location and the continued revitalization of downtown Gladstone-home to year-round events, the scenic waterfront, and a growing local business community-this property represents both immediate value and long-term growth potential. Location: Downtown Gladstone, Michigan Property Type: Mixed-Use (Barbershop + 3 Apartments) Highlights: Two updated, move-in-ready apartments One apartment ready for renovation and added equity Established main-level barbershop Two-car garage + additional storage Full basement and office area Excellent visibility and curb appeal Whether you're an investor, small business owner, or someone seeking a smart live-work opportunity, this property is a rare find in Gladstone's vibrant downtown district-offering character, income, and potential all in one package. Current Rental Structure: - Apartment 1: $550/month, no lease, no security deposit - Apartment 2: $550/month, $450 security deposit, active lease - Apartment 3: $400/month, no lease, no security deposit - Commercial Space: $750/month, no lease, no security deposit
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Property Features
- Age: Over 50 Years Old
- Amenities: Ceiling Fan
- Cooling System: Ceiling Fan(s)
- Cooling System: Central Air
- Heating System: Forced Air
- MLSID: 50194332
- Roof Type: Metal
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