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700 W Main Street Gaylord, MI 49735
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Key Details
Sold Price $400,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 4,164 sqft
Price per Sqft $96
Municipality Gaylord
Subdivision Gaylord
MLS Listing ID 80052569
Sold Date 04/30/25
Originating Board MiRealSource
Year Built 1940
Lot Size 0.600 Acres
Acres 0.6
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
Zoning Commercial
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Sewer Public
Structure Type Wood Siding
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