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Gladstone, MI 48983-7,905 Delta Avenue
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Gladstone, MI 48983-7,905 Delta Avenue
Gladstone, MI 48983-7,905 Delta Avenue
Gladstone, MI 48983-7,905 Delta Avenue
Gladstone, MI 48983-7,905 Delta Avenue
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ILink Real Estate Co

ILink Real Estate Co

+1(419) 277-7127
$ 224,995
Est. payment /mo
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905 Delta Avenue Gladstone, MI 48983-7

3 Beds

4 Baths

3,694 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,694 sqft

Price per Sqft $60

Subdivision Mi

MLS Listing ID 50194333

Style 2 Story

Bedrooms 3

Full Baths 3

Half Baths 1

Year Built 1900

Annual Tax Amount $3,584

Tax Year 2024

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 28x140

Property Sub-Type Multi-Family

Property Description

Charming Downtown Gladstone Multi-Family Investment with Bonus Commercial Space! Here's a rare opportunity to own a beautifully maintained multi-family property right in the heart of downtown Gladstone—one of the Upper Peninsula's most charming and steadily growing small-town communities. Ideally located just steps from shops, restaurants, and the Gladstone Farmers Market, this versatile two-story building combines strong rental potential with bonus commercial and office space below, making it a smart option for investors or owner-occupants alike. The upper level features three apartments, each filled with bright natural light and plenty of character. Two units are move-in ready and have been thoughtfully maintained, offering reliable income from day one. The third apartment presents an excellent renovation opportunity, giving the next owner a chance to boost returns and add long-term value. Together, these units provide flexible rental options in a highly desirable walkable location with consistent tenant demand. On the main level, the property includes a long-established barbershop that has been a trusted downtown business for years. This space provides steady income and excellent street visibility but could also be converted into another residential unit, retail storefront, or office depending on your goals and zoning. Additional office and storage areas on the main floor add even more functionality for business use, management operations, or tenant needs. A full basement offers easy utility access and plenty of storage space, while the two-car garage adds extra convenience for tenants or owners. The property has been well cared for throughout, reflecting clear pride of ownership and strong long-term potential. With its excellent downtown location, stable rental history, and the continued revitalization of the surrounding business district, this property offers immediate cash flow and room to grow—ideal for anyone looking to establish a strong investment presence in Gladstone. Property Highlights: • Three upstairs apartments (two move-in ready, one ideal for renovation) • Main-level barbershop with strong visibility and long-term tenant history • Additional office and storage areas on the main floor • Two-car garage • Full basement for utilities and extra storage • Premier downtown location near shops, restaurants, and the Farmers Market • Excellent live-and-rent or investment opportunity 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

Location

State MI

County Delta

Area Gladstone (21015)

Zoning Mixed Use,Multi-Family,Professional Office,Commercial

Interior

Heating Forced Air

Cooling Central A/C

Fireplace No

Exterior

Exterior Feature Vinyl Siding

Parking Features Attached Garage

Garage Spaces 2.0

Amenities Available Laundry Facility, Sidewalks, Street Lights

Building

Lot Description Sidewalks

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Vinyl Siding

Schools

School District Gladstone Area Schools

Others

Ownership Private

SqFt Source Assessors Data

Assessment Amount $188,746

Energy Description Natural Gas

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by STATE WIDE REAL ESTATE OF ESCANABA
ILink Real Estate Co

ILink Real Estate Co

License ID: 2014002630

+1(419) 277-7127

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905 Delta Avenue