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Country Store W/living Quarters
  
Gladwin, Michigan Home For Sale
"ENDLESS POSSIBILITIES..."
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Price:
$375,000
Est. Payment:
$1,847 per month *
  Calculator
 
Address:
Gladwin, MI   48624
Type:
Commercial
Sq. Ft.:
5000
Listing ID:
WTG6126
CONTACT THE SELLER:
Seller Name: Mark Or Cyndi Hodgson
Day Phone:
Eve Phone:
Send Seller an Email
The owner is willing to work with a real estate agent.
PROPERTY HIGHLIGHTS:
  • MLS ID: 2802792
  • Custom style construction
  • 3 stories
  • Live/Work zoning
  • Property is on 3.5 acres
  • Field/Prairie views
  • Forced Air heating system
  • Central A/C cooling system
  • Septic system sewer
  • Has 3 fireplaces
  • 20 other-type parking spaces
  • Has an attic
  • Has a basement
  • Has a Jacuzzi
  • In the Rural, Hamilton Twp. neighborhood
  • In the Gladwin City,Clare County area
  • Part of the Gladwin Or Harrison school district
  • $1,500 estimated taxes (yearly)
  • Average utility bill is $400.00
PROPERTY DESCRIPTION:
Located in the heart of Northern Michigan, Country Store with full Liquor License, attatched 2BD,1BA living quarters with (65% finished) New Amish built Cedar Log Sided Chalet Addition (possible 5 more BD & 3BA) on walk out basement with finished concrete stamped floor, total building square footage over 5,000. Zoned commercial/residential on a corner lot with paved road and polebarn.  Sits on 3.5 acres and one more split on property is still possible for expansion of bussiness or to build another home.
Currantly operating as retail with grocery,lottery,DNR,beer,wine,liquor,sunday sales,movie rental etc.  Gross sales for the last 5 years has been between $150,000-$250,000 (Net $30,000-$50,000).  Bussiness has room for expansion and a Bed and Breakfast is one of many possible option's for growth of income.
Can be purchased 4 differant ways:
1.  "EVERYTHING", includes liquor license, all inventory(retail value $15,000-$20,000),all equiptment,security systems and fixtures including movie inventory and disc repair system ($80,000-$90,000 purchased value),$56,000 in materials purchased for finishing of new addition,plus travel trailer(sleeps 8) and 4 year old John Deer plow/mower.  Complete list of inventory, building materials,and eqiptment and fixtures available upon request. Price $375,000
2.  Buildings and Land Only, No Liquor License.  Price $225,000
3.  Buildings and Land Only, No Liquor License with $56,000 in materials purchased for finishing of new addition.  Price $275,000. Or Buildings and Land Only-with Liquor License/NO INVENTORY,EQIPTMENT OR FINISHING MATERIALS FOR NEW ADDITION. Price $275,000.
4.  All Real estate with liquor license, bussiness equiptment,inventory and movie's for rental.  Excludes materials purchased to finish new addition (56,000) ,trailer and John Deer plow/mower.  Price $325,000
Recently appraised value of buildings and land "AS IS" was $305,000,with out liquor license, inventory,eqiptment or finishing materials for new addition.

www.owners.com/WTG6126
NEXT STEPS:
Get A Home Loan
Lock in a low fixed rate today!
Click or Call 866-356-2620
Make An Offer
Download Forms and Contracts.
Order A Home Inspection
To Thoroughly Examine
the Property.
Find A Moving Company
To Haul your Stuff.
* Based on 20% down and a 30-year fixed rate of 6.25%. Change Assumptions.

 
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