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$ 450,000
Est. payment /mo
Price Dropped by $39K
700 W Main Street Gaylord, MI 49735
4,164 SqFt
UPDATED:
02/13/2025 10:02 AM
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 4,164 sqft
Price per Sqft $108
Subdivision Mi
MLS Listing ID 80052569
Year Built 1940
Lot Size 0.600 Acres
Acres 0.6
Lot Dimensions multiple
Property Sub-Type Business
Property Description
Great investment opportunity in Gaylord! This 4,164 SF office building sits on 0.40 acres and is only one minute from downtown Gaylord. The main floor features 7 offices, a bullpen area, a conference room, a kitchenette, a mailroom, and 2 restrooms. The second floor features 3 offices, a conference room, and a bullpen area. The building has nice curb appeal and is located on a highly-visible lighted intersection next to McDonalds. Listing also includes separate 0.20 acre parcel #100-000-005-012-00 which is used for extra parking. Priced at an 8% CAP in year 1 based on current lease with tenant.
Location
State MI
County Otsego
Area Gaylord (69011)
Zoning Commercial
Interior
Heating Forced Air
Exterior
Parking Features Parking Lot
Roof Type Asphalt
Building
Foundation Basement
Water Public Water
Structure Type Frame,Wood
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Commercial Loan
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Coldwell Banker Schmidt Traverse City