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    Equipped Auto Shop with Expansion

    936 N Otsego Lake Drive Gaylord, MI 49735

    936 N Otsego Lake Drive, Gaylord, MI, 49735
    $720,000
    For Sale
    Claim this Listing
    $720,000

    COMMERCIAL - Gaylord, MI

    Property Size3,704 SF
    Price / SF$194.38
    AddedSep 5, 2025
    Days on Market315
    Last RefreshJul 16 at 1:06 pm

    Property Features for 936 N Otsego Lake Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    B-2
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    011-225-000-006-00, 011-225-000-007-00
    Size
    3,704 SF

    Taxes and HOA fees

    Tax Description
    LOT 6. COMMERCE PARK. SEC 16 T30N R3W and LOT 7. COMMERCE PARK. SEC 16 T30N R3W

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well

    Building Details

    Building materials
    Steel Siding

    Listing agent Dale J Smith License #6506045918

    Listing office smith realty GROUP 1349 S Otsego Ave., Gaylord, MI

    Listing date Sep 5, 2025

    MLS# 201836916

    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.

    This commercial property in Gaylord, Michigan, presents an income opportunity for an automotive mechanic. The custom-built facility is fully equipped with five bays, four of which include hoists, and features a complete exhaust and makeup system. The property has been a well-established business for 20 years. The property includes a separate building site for expansion and additional income. The property size is 3,704 square feet. The zoning is B-2. The property is suitable for auto shops, automotive properties, and retail properties.

    Key Highlights

    • Fully equipped 5‑bay mechanic shop with 4 hoists.
    • Well‑established 20‑year business with great income potential.
    • Modern, custom‑built facility with full exhaust and make‑up system.

    Local Financial Insights For Retail

    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 $57.3k $15.48
    − Vacancy −$2.4k −$0.65
    EGI $54.9k $14.83
    − OpEx −$16.5k −$4.45
    NOI $38.5k $10.38
    3,704 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $4.18M
    $3.66M – $4.87M (±1% cap)
    NOI $292,468 @ 7.0% cap · market cap 40.62%
    Second Best
    Retail
    $549.3K
    $480.6K – $640.9K (±1% cap)
    NOI $38,451 @ 7.0% cap · market cap 5.34%
    Theoretical Best
    Warehouse
    $5.07M
    $4.44M – $5.92M (±1% cap)
    NOI $355,140 @ 7.0% cap · market cap 49.33%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Affordable Auto Repair Auto Repair Shop

    Suggested Use

    Parking Lot & Garage HVAC Service Electrical Service Plumbing Service Furniture & Home Goods Grocery & Convenience Store Kitchen & Bath Showroom Bakery (Bike/Boat/Book/etc) Store Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

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    Similar Off Market Nearby

    • Golden Auto Electric — 2482 S Otsego Ave, Gaylord, MI 49735
    • Northern Baer Auto Repair Formerly Alpine Auto Repair — 2240 S Otsego Ave, Gaylord, MI 49735
    • Extreme Power Sports Service Department — 2572 s otsego ave, gaylord, mi 49735
    • Northern Baer Auto Repair — 2240 S Otsego Ave, Gaylord, MI 49735
    • Chevrolet Body Shop — 2401 old 27 south, gaylord, mi 49735

    FAQs

    What type of property is this?
    Auto shop - Well-established auto shop with expansion potential in Gaylord, Michigan.
    Where is this auto shop located?
    The property is located at 936 N Otsego Lake Drive Gaylord, MI.
    What is the asking price?
    The asking price for this property is $720,000.
    What are key features of this property?
    This property features: Fully equipped 5‑bay mechanic shop with 4 hoists.; Well‑established 20‑year business with great income potential.; Modern, custom‑built facility with full exhaust and make‑up system.
    Contact an agent
    (989) 732-2477
    We can help!
    Contact an agent
    Dale J Smith
    Dale J Smith
    Real Estate License ID: 6506045918
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