Vacant Medical Office
1662 S Otsego Avenue Gaylord, MI 49735
New
1662 S Otsego Avenue, Gaylord, MI, 49735
$399,000
For Sale
$399,000
COMMERCIAL - Gaylord, MI
Property Size4,000 SF
Lot Size1.64 Acres
Price / SF$99.75
Days on Market1
Property Features for 1662 S Otsego Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking features
- Parking Lot
- Basement
- Block, Partially Finished
- 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
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 Checked: Jul 22 at 4:06PM
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.
Vacant office building previously configured for a podiatrist practice, with five exam rooms, a reception area, and a bathroom. The property also includes a full basement, a paved cement driveway and parking area, and a sign/sign stanchion with electric in place.
Set on a 1.64-acre parcel, the site offers paved access and room for potential land lease opportunities. Public remarks also note an average daily traffic count of 14,000+ vehicles per day.
With its existing exam-room layout and practical support spaces, the building is positioned for an owner-occupant or investor to update and reuse in the future.
Set on a 1.64-acre parcel, the site offers paved access and room for potential land lease opportunities. Public remarks also note an average daily traffic count of 14,000+ vehicles per day.
With its existing exam-room layout and practical support spaces, the building is positioned for an owner-occupant or investor to update and reuse in the future.
Key Highlights
- Vacant office building previously used as a podiatrist office with 5 exam rooms, reception area, and a bathroom
- 1.64‑acre parcel with a paved cement driveway and parking area
- Full basement included
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gaylord Foot Clinic
Medical Clinic
Thomas Dekorte
Physician
Livingston Don Insurance
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Vacant office building with five exam rooms, reception area, and on-site parking on a 1.64-acre parcel.
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: Vacant office building previously used as a podiatrist office with 5 exam rooms, reception area, and a bathroom; 1.64‑acre parcel with a paved cement driveway and parking area; Full basement included
