$450,000
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4,164 SqFt
SOLD DATE : 04/30/2025
Key Details
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,164 sqft
Price per Sqft $96
MLS Listing ID 78080052569
Sold Date 04/30/25
Year Built 1940
Lot Size 0.600 Acres
Acres 0.6
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 Area69072Gaylord
Interior
Heating ForcedAir, NaturalGas
Fireplace No
Exterior
Parking Features ParkingLot
Utilities Available NaturalGasConnected
View Y/N No
Roof Type Asphalt
Building
Foundation Basement
Sewer PublicSewer
Water Public
New Construction No
Schools
High Schools Gaylord
School District Gaylord
Others
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Special Listing Condition Standard
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Bought with Coldwell Banker Schmidt Traver
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