Brick
New
For Sale
$475,000
324 W Main Street, Gaylord, MI 49735
Commercial Sale, Gaylord, MI
Property Size2,175 SF
Lot Size0.06 Acres
Price / SF$218.39
Days on Market2
Property Features for 324 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-1
Parking features
Parking Lot
Basement
Full
Subdivision
T31N R3W
Directions
Located in downtown Gaylord on Main Street just west of the intersection with Otsego Ave.
Standard status
Active
APN
100-000-002-009-02
Size
2,175 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Description
W 22 FT OF LOT 9 EXC N 12 FT BLK 2 CITY OFGAYLORD
Legal Description
W 22 FT OF LOT 9 EXC N 12 FT BLK 2 CITY OFGAYLORD
Utilities
Sewer type
Public Sewer
Building Details
Building materials
Brick
Listing Agency:
The TEAM Real Estate Group
(989) 732-6500
Listed By:
Daphne Cousineau · License #6501451636
(989) 619-5976
Added: Oct 16
Last Checked: Oct 17 at 1:06PM
MLS# 201843393
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.
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Investment Insights
Based on property information with market context.
This brick storefront contains 2,175 square feet on a 0.06-acre parcel. The property has a parking lot and public sewer service, with B-1 zoning.
Located at 324 W Main Street in Gaylord, the property is on Main Street along M-32.
Located at 324 W Main Street in Gaylord, the property is on Main Street along M-32.
Key Highlights
- 2,175‑square‑foot brick storefront
- 0.06‑acre parcel
- 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
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Current Use
Location Intelligence
Trade Area within ½ mile
972
Businesses Nearby
186k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 35%
Groceries 10%
Hotels & Casinos 3%
McDonald's
Dining
34,190 visits/mo
0.2 miles
Speedway
Shops & Services
20,441 visits/mo
0.2 miles
Family Fare
Groceries
18,037 visits/mo
0.3 miles
Qdoba Mexican Grill
Dining
16,825 visits/mo
0.3 miles
Holiday Station Store
Shops & Services
15,700 visits/mo
0.2 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 property includes on-site parking and public sewer service.
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 brick storefront; 0.06‑acre parcel; B‑1 zoning
