Cadillac, MI 49601-0000,8960 34 Road
Listed by Carol L Coe-Vokes • Advance Realty
Bought with Jenni Johnson • City2Shore Real Estate Northern Michigan

$600,000

Est. payment /mo

$650,000

7.7%
Est.Price: ?

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8960 34 Road Cadillac, MI 49601-0000

10,560 SqFt

SOLD DATE : 09/16/2020

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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