For Sale
$489,000

700 Main St Gaylord, MI 49735

High-Visibility Office Building, Great CAP Rate

Overview

Added:
Feb 3
Days on market:
74
This exceptional investment opportunity presents a 4,164 square foot office building ideally situated in Gaylord, Michigan. Located on a highly visible, lighted intersection adjacent to a McDonald's, this property boasts excellent curb appeal and ensures high traffic visibility. The building sits on a combined 0.6 acres, including a separate 0.2-acre parcel providing ample additional parking. The main floor offers seven individual offices, a spacious bullpen area perfect for collaborative work, a dedicated conference room, a convenient kitchenette, a mailroom, and two restrooms. The second floor mirrors this functionality with three offices, another conference room, and an additional bullpen area. The property is currently leased, projecting a 7.35% capitalization rate in the first year. Its proximity to downtown Gaylord (less than one minute away) provides easy access to amenities and services. This well-maintained building presents a strong investment opportunity with a proven income stream and significant potential for future growth. The building's layout and features cater to a variety of business needs, making it an attractive option for both current and prospective tenants. The substantial parking available, thanks to the additional parcel, is a significant advantage in a busy commercial area.

Property Details for 700 Main St

Property type
Investment properties
Square Feet
4,164 SF
Year Built
1940
Lot Size (sq. ft)
26,136 SF

Location Insight

City
Gaylord
County
Otsego
State
Michigan
Latitude
45.02766
Longitude
-84.68267
700 Main St, Gaylord, Michigan

FAQs

What type of property is this?
Investment property - High-Visibility Office Building, Great CAP Rate
Where is the investment property located?
The property is located at 700 Main St Gaylord, MI.
What is the asking price?
The asking price for this property is $489,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
700 Main St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message