About 1012 Seneca
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
Features of 1012 Seneca
| MLS® # | 78080056361 |
|---|---|
| Price | $175,000 |
| Bathrooms | 0.00 |
| Acres | 1.50 |
| Year Built | 1994 |
| Type | Commercial |
| Status | Active |
Community Information
| Address | 1012 Seneca |
|---|---|
| Area | 83162 - Cadillac |
| Subdivision | NONE |
| City | Cadillac city |
| County | Wexford |
| State | Michigan |
| Zip Code | 49601 |
Amenities
| Utilities | Natural Gas Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas, Space Heater |
|---|---|
| Fireplace | No |
Exterior
| Construction | Other |
|---|---|
| Foundation | Slab |
School Information
| District | Cadillac |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Schmidt-Cadillac |
|---|---|
| Contact Info | daniella.bell@cbgreatlakes.com |