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7132 US 2/41 M-35 Gladstone, MI 49837
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Key Details
Sold Price $270,000
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,318 sqft
Price per Sqft $116
MLS Listing ID 50106419
Sold Date 08/01/23
Year Built 1964
Lot Size 0.970 Acres
Acres 0.97
Lot Dimensions 229x120x215x227
Property Description
Local business established in 1964 has been a staple for our area for 63 years. If you have heard the saying location location location this property is located on US 2/41 M-35 this is one of the busiest roads in Michigan's Upper Peninsula servicing hundreds of thousands of travelers per year. Since 1964 the DeLona has served as a restaurant but the possibilities with this business or location are endless. If being in the restaurant business is not your cup of tea but the real estate is perfect for your aspiring business, and you want the location the seller will give credit for the industrial components of the restaurant and remove them. The credit or price adjustment will be negotiated based on the appraised value of the restaurant furnishings and equipment. The current traffic findings are that over 287000 vehicles use this road yearly so again location is key here. The business taxes are available and will show constant profitability for 2019,2020 and 2021. Must sign confidentiality agreement before receiving. Pre-approval or Bank certification of funds to accompany any showings.
Location
State MI
County Delta
Area Gladstone (21015)
Zoning Professional Office,Commercial,Industrial,Residential
Interior
Heating Forced Air
Cooling Ceiling Fan(s), Central A/C, Heat Pump(s)
Exterior
Parking Features 11-20 Spaces, On Site, Parking Lot
Roof Type Shingles
Building
Foundation Basement
Water Private Well
Structure Type Brick,Shingle,Wood
Others
Ownership Private
SqFt Source Assessors Data
Energy Description Natural Gas
Acceptable Financing Cash
Listing Terms Cash
Financing Cash,Commercial Loan
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Bought with PREMIER REAL ESTATE, INC.