116 Nelson StCadillac, MI 49601

  • Commercial real estate
  • 0.28 AC
For Sale
$160,000 View listing

Property Details for 116 Nelson St

Lot size
0.28 AC
Property type
Commercial real estate
APN
10-086-00-312-00
APU
100860031200

Description

This exceptional commercial property, located at 116 E Nelson Street in the heart of Cadillac, Michigan, presents a fantastic opportunity for businesses seeking a versatile and well-maintained warehouse space. Situated just one block from bustling Mitchell Street, this 0.14-acre lot offers convenient access to downtown amenities and high visibility. The building itself is a substantial 50 x 72 block structure, featuring a crucial truck-height loading dock and a ground-level overhead door for efficient loading and unloading operations. The ample lot provides additional space for parking or staging materials, enhancing operational flexibility. Inside, the warehouse boasts a generous 9-foot clearance under the roof beams, rising to a 15-foot height between beams, ideal for efficient pallet stacking and maximizing storage capacity. Furthermore, the property benefits from a significant recent upgrade: a completely new roof installed in the fall of 2024, ensuring long-term structural integrity and minimizing maintenance concerns. This turnkey warehouse is priced competitively at $160,000 and represents an excellent investment for a variety of commercial uses. Its prime location, functional design, and recent improvements make it a highly attractive proposition for discerning buyers. Don't miss this chance to acquire a well-maintained, strategically located warehouse in the thriving downtown Cadillac area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,549,854
    Hospitality
    $2,335,653
    Educational
    $1,943,236
    Medical
    $2,010,067
    Retail
    $3,022,811

Location Insight

City
Cadillac
County
Wexford
State
Michigan
Latitude
44.2531
Longitude
-85.4006
CBSA code
15620
CBSA name
CADILLAC, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,526
-
-
$133,200
-
-
-
$266,400

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