1012 Seneca Pl - Warehouse FOR SALE


Cadillac, MI 49601
$175,000 USD
231-920-3264
1012 Seneca Pl, Cadillac, MI for Sale
$175,000 USD
Warehouse - FOR SALE
1/8
null | 10.42% Cap Rate

1012 Seneca Pl
Cadillac, MI 49601


OVERVIEW

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

FOR SALE DETAILS

PRICE

$175,000 USD

PRICE/SF

$83 USD /SF

CAP RATE

10.42%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

UTILITIES

Gas - Natural, Water - Well, Sewer - Septic Field, Heating

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5

LAND SF

65,266

ZONING

I

APN/PARCEL ID

10-110-50-002-01

ASK ABOUT THIS PROPERTY

Daniella BellColdwell Banker Schmidt CadillacMore Info
231-920-3264

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Daniella BellColdwell Banker Schmidt CadillacMore Info
231-920-3264

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.