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$ 209,995
Est. payment /mo
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905 Delta Avenue Gladstone, MI 49837
3,694 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 3,694 sqft
Price per Sqft $56
Subdivision Mi
MLS Listing ID 50194332
Year Built 1900
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 28x140
Property Sub-Type Commercial/Industrial
Property Description
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
Location
State MI
County Delta
Area Gladstone (21015)
Zoning 3+ Multi,Mixed Use,Professional Office,Commercial,Residential
Interior
Heating Forced Air
Cooling Ceiling Fan(s), Central A/C
Exterior
Parking Features 3-5 Spaces, On Site
Roof Type Metal
Building
Lot Description Downtown Dev Authority, Industrial, Storm Drains, Utilities Above Ground
Foundation Basement
Water Public Water
Structure Type Vinyl Siding,Vinyl Trim
Others
Ownership Private
SqFt Source Assessors Data
Assessment Amount $188,746
Energy Description Natural Gas
Financing Cash,Commercial Loan,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by STATE WIDE REAL ESTATE OF ESCANABA
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