Prime Downtown Gladstone Investment Opportunity! Hereâ??s your chance to own a turn-key mixed-use property in the heart of downtown Gladstoneâ??one of the Upper Peninsulaâ??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, youâ??ll find two beautifully maintained, move-in-ready apartments that have been thoughtfully cared for over the yearsâ??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 youâ??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 throughoutâ??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 Gladstoneâ??home to year-round events, the scenic waterfront, and a growing local business communityâ??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 youâ??re an investor, small business owner, or someone seeking a smart live-work opportunity, this property is a rare find in Gladstoneâ??s vibrant downtown districtâ??offering character, income, and potential all in one package. Current Rental Structure: â?¢ Apartment 1: $550/month, no lease, no security deposit â?¢ Apartment 2: $550/month, $450 security deposit, active lease â?¢ Apartment 3: $400/month, no lease, no security deposit â?¢ Commercial Space: $750/month, no lease, no security deposit
Exciting Business Opportunity! Step into a turnkey establishment that has proudly served the community since 1934! The Bungalow Tavern is fully operational and awaits new ownership. This charming railroad theme venue features table seating and a full bar accommodating approximately 45 guests, complemented by two restrooms and ample parking. Downstairs, a fully updated kitchen boasts new appliances and a walk-in freezer. The sale includes a liquor license, pool table, and all essential equipment, ensuring a seamless transition for the next proprietors. Some of the recent updates include new: flooring behind the bar, back bar cooler, draft system including a glycol cooling system, walk in cooler, ice machine, deep fryers, stove/oven, flat top, plumbing supply lines, LED canned lighting in the kitchen, motor in the exhaust system along with re-staining and sealing kitchen floor!
Prime location party store with huge growth potential! Offering excellent visibility, astronomical traffic counts, easy in/out access, plus ample parking. This well-established, turn-key business boasts a strong reputation and steady customer base, so it's ready to generate income from day one. It is perfectly set up for a new owner to expand product offerings, increase marketing efforts, and capitalize on tourism to boost sales. The 1,500 sq ft building on .29 acres provides ample space for expansion. Equipment, inventory, security system, and all licenses are included. If you've been looking for a successful business opportunity, Grain 'N' Grape could be the perfect fit for your entrepreneurial spirit.
Gladstone is located in Michigan. Gladstone, Michigan has a population of 5,210. Gladstone is less family-centric than the surrounding county with 22.8% of the households containing married families with children. The county average for households married with children is 23.81%.
The median household income in Gladstone, Michigan is $54,528. The median household income for the surrounding county is $51,117 compared to the national median of $69,021. The median age of people living in Gladstone is 37.6 years.
The average high temperature in July is 77 degrees, with an average low temperature in January of 8.8 degrees. The average rainfall is approximately 29.6 inches per year, with 52.1 inches of snow per year.
