Strip Center in Gladwin–Family Dollar + Three Tenants

Shopping Center for Sale
Catylist Listing ID: 30844032
Property Subtypes: Free-Standing Store, Mixed Use, Neighborhood Center, Strip Center, Other
Building Size (RSF): 20,000 SF
Gross Building Area: See Agent
Sale Price: $675,000
Unit Price: $33.75 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: Family Dollar
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/26/2023

Overview / Comments

Great opportunity for any investor. Approximate 9% cap rate on this 4 tenant plaza with long time Family Dollar as the anchor occupying 12,000 SF. Plenty of parking and great visibility. Please call for further details.


Finance Data Year 2023
Real Estate Taxes - Annual($) $18,587 (Annual)
Tax Value Land $327,250
Assessed Value - Total($) $401,100 (Annual)

Additional Details

Nearest MSA: Bay City
County: Gladwin
Taxing Authority: City of Gladwin
Tax ID/APN: 170-030-002-001-01
Retail Clientele: General, Family, Business, Tourist, Recreation
Property Visibility: Excellent
Property Condition: Good
Year Built: 1989
Roof Type: Gable
Construction/Siding: Block, Brick
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: C-2--Service Commercial
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,601 9,624
Median Age: 41.94 42.6
Households: 1,881 3,761


Photograph of Listing Agent

Sandra J. Covaleski, CCIM

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