1012 Seneca Active Save Request In-Person Tour Request Virtual Tour
Cadillac,MI 49601
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,104 sqft
Price per Sqft $83
Subdivision Mi
MLS Listing ID 1933028
Year Built 1994
Lot Size 1.500 Acres
Acres 1.5
Lot Dimensions Irregular
Property Sub-Type Industrial
Property Description
Introducing an exceptional industrial opportunity - This 2,104 SF building, zoned Light Industrial, is a prime investment for industrial, warehouse, and distribution purposes. Strategically located in the bustling Cadillac area, this property offers a versatile and adaptable space ideal for a range of industrial activities. With convenient access to key transportation routes, it ensures efficient logistics and connectivity. Whether for storage, manufacturing, or distribution, this property provides a solid foundation for success in the industrial landscape. Don't miss this chance to secure a valuable asset perfectly positioned to meet the needs of industrial, warehouse, or distribution investors. INVESTMENT HIGHLIGHTS Great investment opportunity for this industrial building leased to local business owner Tenant is responsible for utilities and property maintenance Well maintained, heated building Tenant has been at this location since 2023 and lease runs through October 2029 Strategic location between M-115 and US-131 Cap Rate: 10.42% Total Income: $21,600 NOI: $18,234
Location
State MI
County Wexford
Zoning Industrial
Rooms
Basement Slab
Interior
Heating Space Heater
Cooling Space Heater
Exterior
Exterior Feature Steel
Roof Type Metal
Present Use Service
Road Frontage Public Maintained,Blacktop
Building
Sewer Municipal
Water Municipal Water
Others
Tax ID 10-110-50-002-01
Ownership Corporate Owned
Acceptable Financing Commercial Loan,Cash
Listing Terms Commercial Loan,Cash