$ 489,000
700 W Main Street Gaylord, MI 49735
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Listed by Alex MacKenzie • Coldwell Banker Schmidt Traverse City
$ 489,000
Est. payment | /mo
4,164 SqFt
$ 489,000
Est. payment | /mo
4,164 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 4,164 sqft
Price per Sqft $117
Subdivision Mi
MLS Listing ID 1929146
Year Built 1940
Lot Size 0.600 Acres
Acres 0.6
Lot Dimensions multiple
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 a 7.35% CAP in year 1 based on current lease with tenant.
Location
State MI
County Otsego
Zoning Commercial
Rooms
Basement Full, Poured Concrete, Unfinished
Interior
Heating Forced Air
Cooling Forced Air
Exterior
Exterior Feature Wood
Roof Type Asphalt
Present Use Office Building
Road Frontage Public Maintained
Building
Sewer Municipal
Water Municipal Water
Others
Tax ID 101-033-000-200-00
Ownership Private Owner
Acceptable Financing Commercial Loan, Cash
Listing Terms Commercial Loan, Cash
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Stacy Allman
REALTOR® | Lic# 6506048872