2258 Otsego AveGaylord, MI 49735

Property Details for 2258 Otsego Ave

Lot size

0.33 AC

Property type

Commercial real estate

APN

102-110-000-880-00

APU

10211000088000

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $3,005,178

  Hospitality

  $2,752,727

  Educational

  $2,290,236

  Medical

  $2,369,001

  Retail

  $3,562,590

Location Insight

City

Gaylord

County

Otsego

State

Michigan

Latitude

44.9988

Longitude

-84.678

Property Tax & Assessments

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