$400,000
$450,000
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4,164 SqFt
SOLD DATE : 04/30/2025
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
Year Built 1940
Lot Size 0.600 Acres
Acres 0.6
Property Sub-Type Business
Source MiRealSource
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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