700 Main StGaylord, MI 49735

Property Details for 700 Main St

Lot size

0.20 AC

Property type

Commercial real estate

APN

101-033-000-200-00

APU

10103300020000

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $1,821,295

  Hospitality

  $1,668,296

  Educational

  $1,388,003

  Medical

  $1,435,738

  Retail

  $2,159,116

Location Insight

City

Gaylord

County

Otsego

State

Michigan

Latitude

45.0277

Longitude

-84.6826

Property Tax & Assessments

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