6540 E M-115 $700,000

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    6540 E M-115 Cadillac, MI 49601

    Sold In House

    $700,000

    • 7.36 Acres
    • Commercial
    • MLS# 1852314
    6540 E M-115, Cadillac, MI 49601
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    Listing provided courtesy of: RE/MAX Central: 124 S Mitchell Street, Cadillac, MI
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    Property Details

    Description

    Prime 696 ft +/- M115 Hwy (Cadillac West) Commercial frontage. This property has a well established business, Lakeview Apartments since 1972. This property boasts 7.3 acres +/-, 9 apartments, living quarters (2 bed, 3 bath, 2 car attached garage), 6 garages, 3 cabins, laundry area, 40x60 polebarn with: electric, concrete floors, and 5 well, municipal sewer and 5 well. Lake Cadillac views from apartments, property has mature trees, ample parking. This is an investment that you can just take ownership, and start reaping the benefits right away! Check out the Virtual Tour (note that some of the video does show the adjoining property also for sale)

    • General Features
      • Licenses None
      • Included In Lease None
      • Business Incl Yes
      • Business Name Lakeview Apartments
      • Type of Ownership Private Owner
      • Approx Year Built 1972
      • Type Hospitality
      • Town T 21N
      • Township Clam Lake
      • Present Use Other
    • Building Features
      • Extras Overhead Door(s)
      • Foundation Crawl Space, Slab
      • Heating Cooling Source Natural Gas
      • Roof Asphalt, Membrane, Other
      • Heating Cooling Type Wall
      • Apx Total Fin SQFT 11,230
    • Property Features
      • Water Private Well
      • Vacant Land No
      • Univs Design/Barrier Free None
      • Road Blacktop, Public Maintained
      • Sewer Municipal
      • Parking Common
      • Exterior Features Brick
      • Construction Frame, Full Log
      • Lot Dimensions irregular
      • Location Freestanding

    Neighborhood

    49601 (Cadillac) Demographics

    43 Median Age
    105 Population Density (per sq. mile)
    34% College Educated
    $52,348 Estimated Median Income
    6,840 Estimated Total Home Owners
    2,162 Estimated Total Renters
    76% / 24% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    22,312 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $210,000 Median Sales Price
    39 Homes Sold
    36 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        5/5/2021 3:00:00 AM Sold Source: Multiple Listing Service New Value: $700,000
        The data relating to real estate for sale on this web site comes in part from the Internet Data exchange ("IDX") program of Northern Great Lakes REALTORS MLS. All information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.