8826 E 34 Rd, Cadillac, MI 49601
sale
$2,484,000
|
Retail
Courtesy Of RE/MAX TOGETHER
1411 N. State St., Big Rapids, MI
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.
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Property Features
- Age: 11-20 Years Old
- Amenities: Cable Ready
- Building Units: 10
- Cooling System: Central Air
- Floors: 1
- Heating System: Forced Air
- Legal Description: 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
- MLSID: 25051131
- Parking Spaces: 75
- Rooms: Bathroom 8
- Rooms: Bathroom 6
- Rooms: Bathroom 7
- Rooms: Bathroom 4
- Rooms: Bathroom 5
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
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