1012 Seneca
$175,000
1012 Seneca Cadillac, MI 49601
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About this listing
Mitchell St to Pine St, head west continue past Lake St, road becomes. Chestnut St, turn right onto Leeson Avenue, turn left onto Wright St, turn right onto Seneca - follow to the end
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
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Building Size
2,104 sqft
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Lot Area
1.5 acres
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Year Built
1994
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MLS ID
1933028
DESCRIPTION
- • Water: Municipal Water
- • Heating Fuel Type: Gas
- • Road Type: City / Town Street
- • Roof: Metal Roof
