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Jenn Smart

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905 Delta , Gladstone, MI 49837
$209,995
Est. Payment: $1,094.31/mo
0 Bed
0 Bath
3694 Sqft
Status: active | Days on site: 242
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Prime Downtown Gladstone Investment Opportunity! Here’s your chance to own a turn-key mixed-use property in the heart of downtown Gladstone—one of the Upper Peninsula’s most charming, walkable, and growing communities. Ideally located just steps from local shops, dining, and the Gladstone Farmers Market, this well-cared-for two-story building offers exceptional versatility, income potential, and classic small-town charm. The main level features a long-established barbershop, a trusted local business with excellent street visibility, consistent clientele, and strong community presence. This space is move-in ready for continued operation or conversion to another retail or service use. Its attractive storefront and central location make it a true downtown staple. Upstairs, you’ll find two beautifully maintained, move-in-ready apartments that have been thoughtfully cared for over the years—each with bright natural light, clean finishes, and proven rental appeal. These units offer steady income potential for the next owner. The third apartment provides an excellent fixer-upper opportunity, allowing you to add value and increase future rental returns. Whether you’re looking to generate consistent income, live on-site, or expand your investment portfolio, this property provides flexibility and upside. A full basement adds valuable storage and utility space, along with an office area that could easily serve as a workshop, additional rental unit, or business operations hub. Outside, a two-car garage and extra storage space enhance functionality for both tenants and business use. Pride of ownership is evident throughout—inside and out. The building has been beautifully maintained, offering a strong foundation for years to come. With its central location and the continued revitalization of downtown Gladstone—home to year-round events, the scenic waterfront, and a growing local business community—this property represents both immediate value and long-term growth potential. Location: Downtown Gladstone, Michigan Property Type: Mixed-Use (Barbershop + 3 Apartments) Highlights: Two updated, move-in-ready apartments One apartment ready for renovation and added equity Established main-level barbershop Two-car garage + additional storage Full basement and office area Excellent visibility and curb appeal Whether you’re an investor, small business owner, or someone seeking a smart live-work opportunity, this property is a rare find in Gladstone’s vibrant downtown district—offering character, income, and potential all in one package. Current Rental Structure: • Apartment 1: $550/month, no lease, no security deposit • Apartment 2: $550/month, $450 security deposit, active lease • Apartment 3: $400/month, no lease, no security deposit • Commercial Space: $750/month, no lease, no security deposit

Highlights

Listed by CHRISTOPHER GESTWICKI , 906-280-8791 STATE WIDE REAL ESTATE OF ESCANABA , 906-786-1308. MiRealSource, Inc. mls logo

Property Type

Commercial Sale

Lot/Acreage
0.08

Year Built

1900

County

Delta

Area

Gladstone (21015)

Listing ID

50194332

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Ceiling Fan(s),Central A/C
Fireplaces:
Above Ground Sq Ft:3694
Water:Public Water

Exterior Features

Lot:Downtown Dev Authority,Industrial,Storm Drains,Utilities Above Ground
Lot Dimensions:28x140
Zoning:3+ Multi,Mixed Use,Professional Office,Commercial,Residential
Roof:Metal
Sewer:Public Sanitary
Parking Features:3-5 Spaces,On Site
Principal Interest
$1,094
Taxes
$134

Home Price

$209,995

Loan Details

30 yrs
6.792%

Down Payment

20%
$41,999
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,094.31

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,094.31 $133.87 $0.00 $1,228.18
Yearly $13,131.76 $1,606.46 $0.00 $14,738.22
Total $393,952.74 $48,193.85 $0.00 $442,146.59
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Gladstone, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T03:11:55.100Z

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