8960 34 Road
Cadillac, MI 49601

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 ($8,057) + PROPERTY INSURANCE ($1,400) + MISCELLANEOUS ($267), 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 $2,195 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!

Details

MLS#1855391
StyleIndustrial
Sub-TypeResale
StatusActive
Year1999
Days On Site81

Features

SQ Feet10,560
Story(s)1
ZoningCommercial

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Area Information

StateMI
CountyWexford
CityCadillac
Zip Code49601
AreaWexford
Listing VS Median (in 49601)
Price:
$650,000
low | high
Med:
$29,000
100% of Average
SqFt:
10,560
low | high
Med:
0
100% of Average
$ / SqFt:
$62
low | high
Med:
$0
100% of Average
On Site:
81
low | high
Med:
137
59.124087591241% of Average
Listing Updated: 02/17/2019
MLS Number: 1855391
Listing Provided By:
Coe-Vokes 650000  of  Advance Realty
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Northern Great Lake Realtors® MLS.