221 N Center Avenue, Gaylord, MI 49735
- Added:
- Jun 5, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 9 at 4:06 pm
Property Features for 221 N Center Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R-2
- Basement
- Unfinished
- Standard status
- Active
- APN
- 103-205-001-009-00
- Size
- 6,277 SF
- Lot size
- 0.92 Acres
Taxes and HOA fees
- Tax Description
- LOTS 9, 10, 11 & 12 BLK. 1 FILLMORES ADDITIONCITY OF GAYLORD SEC 33 T31N R3W
Utilities
- Sewer type
- Public Sewer
Listing agent Tisa Appleton (989) 614-0701
Listing office EverGreen Home Realty 118 E Main Street, Gaylord, MI (989) 614-0701
Listing date Jun 5, 2026
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.
HighLights
- Historic Victorian landmark in downtown Gaylord on four city lots
- Over 6,000 SF with original millwork, stained‑glass windows, maple and wide‑plank hardwood floors
- Interior features include pocket doors, original hardware, and a tin ceiling
- Includes wine cellar and multiple spacious rooms adaptable for offices, hospitality, retail, professional services, or events
- Recent improvements: all‑new windows and lead remediation throughout the interior and exterior
- Sewer service available: public sewer
Overview
The building sits on approximately 0.92 acres across four city lots at 221 N Center Avenue in Gaylord, Michigan, in an R-2 zoning environment. The asset is described as being in the heart of downtown Gaylord, with a park-like setting and parking potential, and buyers should verify allowable commercial uses.
With multiple spacious rooms and a heritage-oriented finish package, the property may appeal to owner-operators and tenants seeking a distinctive setting for offices, hospitality, retail, professional services, or event use. Because zoning and permitted uses can vary, prospective buyers are advised to confirm what commercial activities are authorized for the R-2 designation before proceeding.
Local Financial Insights For Office B
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 | $107.0k | $17.04 |
| − Vacancy | −$13.9k | −$2.22 |
| EGI | $93.1k | $14.82 |
| − OpEx | −$23.3k | −$3.71 |
| NOI | $69.8k | $11.12 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Gaylord
- County
- Otsego
- State
- Michigan
- Longitude
- -84.674062
- Latitude
- 45.029792
