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Class A Office Building
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1999 Walden Dr, Gaylord, MI 49735

Brick Class A office building with a leased main floor and a lower level that can be converted to additional office space.

Property Size12,516 SF
Days on Market126

Property Features for 1999 Walden Dr

General Information

Standard status Active
Size 12,516 SF
Class A
Property subtype Office

Additional Details

Cap Rate 11.7%
Listing Agency: Smith Realty Group
Listed By: Dale Smith · License #MI 6506045918
Source: Crexi
Added: Apr 12 Changed: Aug 14 Last Checked: Aug 14 at 7:46AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Smith Realty Group

Investment Insights

Based on property information with market context.

This Class A office building features brick exterior construction designed for low maintenance. The main floor totals 6,228 square feet and is currently leased, and it includes multiple offices along with a large conference room. The lower level provides 6,288 square feet and is described as easily transformable into additional office space.

The building is situated at the corner of McCoy and Walden Dr. Parking is available on site. The property is presented as having a government tenant in place with (3) years remaining on the lease.

The current configuration supports office use with an established work flow on the main level, while the lower level offers flexibility for expanding usable office area.

Key Highlights

  • Class A brick office building with leased space and a government tenant with 3 years remaining on the lease
  • 6,228 sq.ft main floor is leased, plus a 6,288 sq.ft lower level that can be transformed into additional office space
  • Lease payments reflect an 11.7% cap rate

Property Analytics

Current Use

Northern Michigan Regional ... Crisis Center NMRE - Gaylord Office Government Office

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Electrical Service Plumbing Service Bakery Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

176
Businesses Nearby

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

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Brick Class A office building with a leased main floor and a lower level that can be converted to additional office space.
Where is this office building located?
The property is located at 1999 Walden Dr Gaylord, MI.
What are key features of this property?
This property features: Class A brick office building with leased space and a government tenant with 3 years remaining on the lease; 6,228 sq.ft main floor is leased, plus a 6,288 sq.ft lower level that can be transformed into additional office space; Lease payments reflect an 11.7% cap rate
(586) 764-1599 Call to check price and availability
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