2595 West Cadillac Dr.

Retail-Commercial for Sale
Catylist Listing ID: 30594337
Property Subtypes: Convenience Store
Building Size (RSF): 5,000 SF
Gross Building Area: See Agent
Sale Price: $239,000
Unit Price: $47.80 PSF
Property Use Type: Net Leased Investment (NNN), Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/13/2020

Overview / Comments

Solid 5,000 sq.ft. building on 1.38 acres in Farwell, MI right next door to the busiest grocery store in town. Located off M 115 (W Cadillac Dr.) just south of Highway 10 (W. Ludington Dr.).

Features include heavy duty standing seam metal roof, heat, air, and one bathroom. Former pharmacy and has a row of coolers dividing the main area from the back work space.

Room for expansion to northwest of property.

Current Tenants

Tenant Business Name Dollar Dave's Thrift Store and Flea Market
Current Rent $1,100 PSF (Annual)
Tenant Notes Month to month lease, pays $1100 month and all utilities.

Additional Details

Nearest MSA: Mount Pleasant
County: Clare
Tax ID/APN: 014-015-300-39
Zoning: C-1
Retail Clientele: General, Family, Traveler, Recreation
Property Visibility: Excellent
Highway Access: Just south of Highway 10 8 Miles West of 127
Site Description: T17N R5W SEC 15 2595 W CADILLAC DR BEG S89 DEG 57'30"W ALG S SEC L 1316.35 FT &N01 DEG 53'35 ALG W 1/8 L 891.49 FT FROM S 1/4 SEC COR TH N 41 DEG 54'18"E 327.70 FT TO S'LY R/W OF M-115 TH N47 DEG 52'19"W 275.9 FT TO W 1/8 L TH S01 DGG 53'35" W 429.26 FT TO POB. A 1.
Area Description: Directions: Highway 10 to M 115 S (W Cadillac Dr.)
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,000 SF
Property Condition: Good
Year Built: 1983
Exterior Description: Brick front facade with storefront windows, wrapped with metal siding on side and rear elevations.
Parking Type: Surface
Parking Description: Approximately 25 parking spots on pavement. Room to expand parking northwest.
Zoning Description: Commercial
Sewer Type: Septic
Legal Description: T17N R5W SEC 15 2595 W CADILLAC DR BEG S89 DEG 57'30"W ALG S SEC L 1316.35 FT &N01 DEG 53'35 ALG W 1/8 L 891.49 FT FROM S 1/4 SEC COR TH N 41 DEG 54'18"E 327.70 FT TO S'LY R/W OF M-115 TH N47 DEG 52'19"W 275.9 FT TO W 1/8 L TH S01 DGG 53'35" W 429.26 FT TO POB. A 1.

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,935 5,953
Median Age: 42.25 47.36
Households: 1,201 2,517

Contact

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.