Vacant Office Building with Full
For Sale
$399,000
1662 S Otsego Avenue, Gaylord, MI 49735
COMMERCIAL - Gaylord, MI
Property Size4,000 SF
Lot Size1.64 Acres
Price / SF$99.75
Days on Market15
Property Features for 1662 S Otsego Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Parking Lot
Basement
Partially Finished, Block
Subdivision
T30N R3W
Directions
South on South Otsego Avenue out of Gaylord to property on right or West side of street just down from the Pine Squirrel.
Standard status
Active
APN
102-110-000-650-00
Size
4,000 SF
Lot size
1.64 Acres
Taxes and HOA fees
Tax Description
S 125 FT OF N 905 FT OF NE 1/4 OF SW 1/4 LYING EOF RR R/W & W OF US 27 SEC 9 T30N R3W (010-009-300-025-01) REF. AN-129
Legal Description
S 125 FT OF N 905 FT OF NE 1/4 OF SW 1/4 LYING EOF RR R/W & W OF US 27 SEC 9 T30N R3W (010-009-300-025-01) REF. AN-129
Utilities
Sewer type
Public Sewer
Building Details
Floors in Building
2
Listing Agency:
Berkshire Hathaway HomeServices
(989) 732-9555
Listed By:
Lee J Walski · License #6501280759
(616) 581-1005
Added: Jul 22
Changed: Aug 4
Last Checked: Aug 5 at 10:06PM
MLS# 201841580
Copyright © 2026 Water Wonderland Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
1662 S Otsego Avenue in Gaylord, MI is a vacant office building on a 1.64-acre parcel. The layout was previously configured for a podiatrist practice, including 5 exam rooms, a reception area, and a bathroom, and the building has a full basement.
On-site access is provided via a paved cement driveway and parking lot. A sign and sign stanchion with electric are also in place. The property is served by public sewer and sits in an area with average daily traffic reported as 14,000+ vehicles per day.
With updates, the existing configuration can support continued office use, while the larger parcel size may also allow for land lease opportunities for passive income.
On-site access is provided via a paved cement driveway and parking lot. A sign and sign stanchion with electric are also in place. The property is served by public sewer and sits in an area with average daily traffic reported as 14,000+ vehicles per day.
With updates, the existing configuration can support continued office use, while the larger parcel size may also allow for land lease opportunities for passive income.
Key Highlights
- 1.64‑acre parcel and 4,000 SF vacant office building
- Previously configured with 5 exam rooms, reception area, and bathroom
- Full basement
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.6k | $14.64 |
| − Vacancy | −$3.3k | −$0.82 |
| EGI | $55.3k | $13.82 |
| − OpEx | −$22.1k | −$5.53 |
| NOI | $33.2k | $8.29 |
4,000 SF · lease $14.64/SF/yr · vacancy 5.60% · expense 40.00%
Alternative Uses
Best Use
Office B
$635.3K
$555.9K – $741.2K
NOI $44,474 @ 7.0% cap · market cap 11.15%
Second Best
Healthcare Medical
$473.8K
$414.6K – $552.8K
NOI $33,168 @ 7.0% cap · market cap 8.31%
Theoretical Best
Warehouse
$5.48M
$4.79M – $6.39M
NOI $383,520 @ 7.0% cap · market cap 96.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Explore this area
Business Placement
Demographics for 49735, MI
20,568
Population
11,551
Households
1.8
Avg Household Size
44
Median Age
27%
College-Educated
94%
High-School Grad
248.6 sq mi
ZIP Area
83
Density / Sq Mi
$69,050
Median Household Income
$39,813
Median Earnings
$876
Median Rent
$200,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Vacant office building with paved driveway and parking lot, plus a full basement and reception area.
Where is this office building located?
The property is located at 1662 S Otsego Avenue Gaylord, MI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1.64‑acre parcel and 4,000 SF vacant office building; Previously configured with 5 exam rooms, reception area, and bathroom; Full basement
