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    700 Main St Gaylord, MI 49735

    Sponsored
    For Sale
    $489,000

    High-Visibility Office Building, Great CAP Rate

    Property size:
    4,164 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    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 Features for 700 Main St

    General Information

    Property type
    Investment properties
    Square Feet
    4,164 SF
    Lot Size
    26,136 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    Jamy Warner Realtor® Real Estate Agent Anna Tomaski REALTOR Real Estate Agent Cindy Clark Realtor Real Estate Agent Coldwell Banker Schmidt ... Real Estate Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Gaylord
    County
    Otsego
    State
    Michigan
    Longitude
    -84.68267
    Latitude
    45.02766

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    FAQs

    What type of property is this?
    Investment property - High-Visibility Office Building, Great CAP Rate
    Where is this 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.
    (231) 922-2350
    Request Owner's contact information
    700 Main St Gaylord, MI 49735
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    Gaylord, MI 49735
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    700 Main St Gaylord, MI 49735
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