For Sale
$245,000

2258 Otsego Ave Gaylord, MI 49735

High-income potential, prime Otsego Ave. location.

Overview

Added:
Feb 3
Days on market:
74
This exceptional Gaylord, MI commercial property presents a lucrative investment opportunity. Situated on South Otsego Avenue, this multi-use complex boasts high visibility and significant income generation. The property comprises a fourplex rental building, a thriving auto sales business, and a separate office building/rental unit, currently producing a combined annual income of $40,500. This impressive revenue stream offers immediate returns and substantial potential for growth. The existing structures were completely renovated eight years ago, encompassing a comprehensive update of electrical, plumbing, and mechanical systems, ensuring modern functionality and efficiency. Beyond the existing buildings, the sizable lot offers significant development potential. The ample space allows for the construction of a larger commercial retail building, further expanding the property's income-generating capacity and maximizing its prime location on a busy thoroughfare. This is a rare chance to acquire a well-established, high-performing commercial property with considerable room for expansion and future development in a desirable Gaylord location. The property's diverse income streams and development potential make it an ideal investment for discerning buyers seeking strong returns and long-term growth. Financial records are available upon request.

Property Details for 2258 Otsego Ave

Property type
Commercial real estate

Location Insight

City
Gaylord
County
Otsego
State
Michigan
Latitude
44.99881
Longitude
-84.67812
2258 Otsego Ave, Gaylord, Michigan

FAQs

What type of property is this?
Commercial real estate - High-income potential, prime Otsego Ave. location.
Where is the commercial real estate located?
The property is located at 2258 Otsego Ave Gaylord, MI.
What is the asking price?
The asking price for this property is $245,000.
How can I contact the broker?
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2258 Otsego Ave
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