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$ 175,000
Est. payment /mo
Active
1012 Seneca Cadillac, MI 49601
2,104 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,104 sqft
Price per Sqft $83
Subdivision Mi
MLS Listing ID 80056361
Year Built 1994
Lot Size 1.500 Acres
Acres 1.5
Lot Dimensions Irregular
Property Sub-Type Commercial/Industrial
Property Description
Introducing an exceptional industrial opportunity - This 2,104 SF building, zoned Light Industrial, is a prime investment for industrial, warehouse, and distribution purposes. Strategically located in the bustling Cadillac area, this property offers a versatile and adaptable space ideal for a range of industrial activities. With convenient access to key transportation routes, it ensures efficient logistics and connectivity. Whether for storage, manufacturing, or distribution, this property provides a solid foundation for success in the industrial landscape. Don't miss this chance to secure a valuable asset perfectly positioned to meet the needs of industrial, warehouse, or distribution investors. INVESTMENT HIGHLIGHTS Great investment opportunity for this industrial building leased to local business owner Tenant is responsible for utilities and property maintenance Well maintained, heated building Tenant has been at this location since 2023 and lease runs through October 2029 Strategic location between M-115 and US-131 Cap Rate: 10.42% Total Income: $21,600 NOI: $18,234
Location
State MI
County Wexford
Area Cadillac (83019)
Zoning Industrial
Interior
Heating Space Heater
Exterior
Roof Type Metal
Building
Foundation Slab
Water Public Water
Structure Type Other
Others
Ownership Corporation
Energy Description Natural Gas
Financing Cash,Commercial Loan
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Coldwell Banker Schmidt-Cadillac