Storefront with Full
For Sale
$475,000
324 W Main Street, Gaylord, MI 49735
The sale includes business equipment alongside the commercial property.
Property Size2,175 SF
Price / SF$218.39
Days on Market12
Property Features for 324 W Main Street
General Information
Standard status
Active
Size
2,175 SF
Zoning
B-1
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Full Basement
No
0.06
120x22
Paved
2175.0
Building Details
Building Size
2,175 SF
Listing Agency:
(989) 273-3883
Listed By:
Bailey Millikin
Source:
Graylingrealestate
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 2:47PM
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 Bailey Millikin
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,175-square-foot storefront includes a full basement, and business equipment is part of the sale. The property is zoned B-1.
Located at 324 W Main Street in downtown Gaylord, the storefront fronts Main Street along M-32.
Located at 324 W Main Street in downtown Gaylord, the storefront fronts Main Street along M-32.
Key Highlights
- 2,175‑square‑foot storefront
- Full basement
- B‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,578
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,560
$451.6K
Cap Rate 7%
$322,543
$322.5K
Cap Rate 9%
$250,867
$250.9K
Market Conditions
NOI Build-Up for 2,175 SF
Gross rent
$33.7K $15.48/SF
− Vacancy
−$1.4K −$0.65/SF
EGI
$32.3K $14.83/SF
− OpEx
−$9.7K −$4.45/SF
NOI
$22.6K $10.38/SF
Area
Otsego County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,560
Cap Rate 7%
$322,543
Cap Rate 9%
$250,867
Alternative Uses
Best Use
Retail
$322.5K
$282.2K – $376.3K
NOI $22,578 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.98M
$2.61M – $3.48M
NOI $208,539 @ 7.0% cap · market cap 43.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
813
Businesses Nearby
23k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Huntington Bank
Shops & Services
6,200 visits/mo
0.2 miles
7-Eleven
Shops & Services
5,834 visits/mo
0.2 miles
Dollar General
Shops & Services
5,815 visits/mo
0.4 miles
Fifth Third Bank & ATM
Shops & Services
2,324 visits/mo
0.3 miles
AutoZone
Shops & Services
2,195 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Rosemary & Pepper Flower Co. — 261 S Wisconsin Ave, Gaylord, MI 49735
- Martin the Flower Guy — 118 N Otsego Ave, Gaylord, MI 49735
Frequently Asked Questions
What type of property is this?
Storefront property - The sale includes business equipment alongside the commercial property.
Where is this storefront property located?
The property is located at 324 W Main Street Gaylord, MI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,175‑square‑foot storefront; Full basement; B‑1 zoning
