Plat
The
James E. Potvin Industrial Park is a platted industrial
business park. The first phase of the park isnow
complete, resulting in the initial availability of 14 lots.
A copy of the James E. Potvin Industrial parkplat
follows this information sheet for further information regarding
the size and dimension of each lot.
List
of Lots for Sale
The
following lots are currently available for sale:
Lot
Number |
Upland
Acres |
Wetland
Acres |
Total
Acres |
Sales
Price |
Lot
1 |
4.65
|
1.46
|
6.11
|
$91,650
|
Lot
2 |
0.88
|
1.68
|
2.56
|
SOLD
|
Lot
3 |
2.91
|
2.65
|
5.56
|
SOLD
|
Lot
4 |
3.43
|
0
|
3.43
|
$51,450
|
Lot
5 |
4.12
|
0
|
4.12
|
$61,800
|
Lot
6 |
3.54
|
0
|
3.54
|
$53,100
|
Lot
7 |
6.85
|
0
|
6.85
|
$102,750
|
Lot
8 |
3.12
|
0
|
3.12
|
$46,800
|
Lot
9 |
4.51
|
1.69
|
6.20
|
$93,000
|
Lot
10 |
3.70
|
1.34
|
5.04
|
$75,600
|
Lot
11 |
4.12
|
0
|
4.12
|
SOLD
|
Lot
12 |
3.31
|
1.17
|
4.48
|
$67,200
|
Lot
13 |
5.36
|
0.57
|
5.93
|
$88,950
|
Lot
14 |
3.19
|
0.20
|
3.39
|
$50,850
|
Sales
Terms
All
industrial lots owned by the City of Cadillac have a City
Council established sales price of $15,000
per acre. An additional fee of $5,000 per lot is also
charged to recover the installation of the natural
gas
service. Inquiries to purchase industrial property should
be directed to City Manager Peter Stalkerat
(231) 775-0181, ext. 119, or at 200 N. Lake Street, Cadillac,
Michigan 49601. Offers to purchase industrial
property are made official through the preparation of a
purchase agreement by the City Attorney. Signed purchase
agreements are then forwarded to the Cadillac City Council
for action, which requires theintroduction of an ordinance,
followed by a public hearing and approval of the ordinance.
The City Councilprocess requires approximately 30 days
to complete. Closings can occur as soon as 20 days followingpassage
of the ordinance.
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