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34 Rd Mall 8826 34 Rd 21,000 SF 90% Leased Retail Building Cadillac, MI 49601 $2,484,000 ($118.29/SF)
INVESTMENT HIGHLIGHTS
- Heavy daytime traffic!
EXECUTIVE SUMMARY
Joe McNally and RE/MAX Together are pleased to offer 34 Road Mall in Cadillac, MI. This is a 100 percent leased, stabilized asset, that offers an investor the rare opportunity to acquire a well constructed and maintained multi tenant retail center at almost a 7 percent Cash-on-Cash Return with obvious upward opportunity. The property is a 21,094 square foot inline center on 34 Rd consisting of 10 tenants, at a 100% occupancy rate. This unbeatable location is set in the heart of Cadillac's most highly traffic corridor. The building has been well maintained, and includes an owner-use storage/wokshop area as a bonus. Annual gross incomes exceed $200,000, with upward potential evident.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
21,000 SF
Building Class
B
Year Built
1990
Price
$2,484,000
Price Per SF
$118.29
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
2.50 AC
Zoning
Commercial - Commercial Zoned District
Parking
50 Spaces (2.38 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2209-28-1108 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $467,400 |
PROPERTY TAXES
Parcel Number
2209-28-1108
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$467,400
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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STREET
MAP
Presented by
The McNally Team
34 Rd Mall | 8826 34 Rd
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