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34 Rd Mall 8826 34 Rd 21,000 SF 90% Leased Retail Building Cadillac, MI 49601 $3,397,367 CAD ($161.78 CAD/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
Property Subtype
Storefront
Building Size
21,000 SF
Building Class
B
Year Built
1990
Price
$3,397,367 CAD
Price Per SF
$161.78 CAD
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)
Amenities
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
- Smoke Detector
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2209-28-1108 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $639,216 CAD |
Property Taxes
Parcel Number
2209-28-1108
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$639,216 CAD
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The McNally Team
34 Rd Mall | 8826 34 Rd
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