Bought with Jenni Johnson • City2Shore Real Estate Northern Michigan
$600,000
$650,000
7.7%For more information regarding the value of a property, please contact us for a free consultation.
8960 34 Road Cadillac, MI 49601-0000
10,560 SqFt
Key Details
Sold Price $600,000
Property Type Commercial
Sub Type Income
Listing Status Sold
Purchase Type For Sale
Square Footage 10,560 sqft
Price per Sqft $56
Subdivision Mi
MLS Listing ID 1855391
Sold Date 09/16/20
Year Built 1999
Lot Size 2.350 Acres
Acres 2.35
Lot Dimensions 000X0000
Property Sub-Type Income
Property Description
MAKE YOUR CPA HAPPY!! INVESTOR'S GEM DUE TO ITS HIGH PRIORITY/EXPOSURE LOCATION ON 2.35 ACRES ACROSS FROM WALMART WITH 131 EXPRESSWAY JUST EAST! ALL BUILDINGS WELL-MAINTAINED PLUS TAG LINES IN FOR WATER/SEWER AT SOUTH PROPERTY LINE! 1200 GAL SEPTIC W/600 SQ FT DRAINFIELD INSTALLED 1990 & SERVICES NEWEST BUILDING (PUMPED 2017) PLUS 4-INCH SUBMERSIBLE WELL INSTALLED APROXIMATELY 100 FEET DEEP & SUPPLIES NEWEST BLDG & 1 OF THE OTHER BLDGS (NEW SUBMERSIBLE PUMP INSTALLED 2017) PLUS TENANTS PAY THEIR OWN GAS/ELECTRIC/TRASH/SNOW WITH OWNER PAYING ANNUAL PROPERTY TAXES ($8,172) + PROPERTY INSURANCE ($1,527) + MISCELLANEOUS ($300), PUMPING SEPTIC EVERY 3 YEARS (APROX COST $500), & ADDITIONAL DRIVEWAY ACCESS GRAVELING/GRADING EVERY 3-4 YEARS AS NEEDED (APROXIMATE COST $300) - THE FOLLOWING IS SYNOPSIS FOR THE 6 BLDGS: OWNER HAS OWNED THE LAND SINCE 1985; THE LISTED TOTAL GROSS SQUARE FOOTAGE OF 10,560 IS FOR ALL 6 BLDGS COMBINED; ALL HAVE CEMENT FLOORS, INSULATED CEILINGS & WALLS, ELECTRICITY, HEAT, SERVICE DOORS, OVERHEAD DOORS (4 HAVE ONE EACH = 12X12 / 1 HAS TWO, 12X12 AND 12X13 / NEWEST BLDG HAS ONE = 12X10), 5 HAVE 100-AMP BOXES & NEWEST BLG HAS 200-AMP BOX; LARGEST/NEWEST BLDG BUILT 2009 AND BOASTS 4000 SQ FT (20X50 SHOWROOM & ENTRANCE-OFFICE-BATH-CENTRAL AC/30X80 HEATED STORAGE/CRUSHED CEMENT PARKING LOT - THE INTERIOR PICTURES INCLUDED ARE THIS BUILDING'S). IN 1991 TWO STEEL BUILDINGS BUILT (40X60, 24X40), IN 1992 ONE MORE BUILT (24X40), IN 1995 TWO MORE BUILT (EACH 28X40). LONG-TIME TENANTS ARE HAPPY, ONLY OCCASIONAL VACANCY WHICH IS LEASED ALMOST IMMEDIATELY: NEWEST BUILDING HAS SAME TENANT SINCE 2011 WITH CURRENT LEASE PERIOD 2017-2022 AT $2,095 MONTH / BALANCE OF 5 LEASES PROVIDE FOR OWNER GIVING TENANTS 30-DAY-NOTICE-TO-VACATE WHEN/IF NEEDED. NOT ANOTHER PROPERTY LIKE THIS AVAILABLE - DON'T HESITATE!
Location
State MI
County Wexford
Zoning Commercial
Rooms
Basement Poured Concrete, Slab
Interior
Heating Ceiling, Central Air, Forced Air, Wall
Cooling Ceiling, Central Air, Forced Air, Wall
Exterior
Exterior Feature Steel
Roof Type Metal/Steel
Present Use Manufacture/Warehouse,Service
Road Frontage Blacktop, Dirt, Easement, Gravel, Public Maintained
Total Parking Spaces 20
Building
Sewer Private Septic
Water Private Well
Others
Tax ID 2209-28-1105
Ownership Private Owner
Acceptable Financing Cash, Commercial Loan
Listing Terms Cash, Commercial Loan
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