Main Street Retail
For Sale
$459,000
719 W Main Street, Gaylord, MI 49735
The property has C-2 zoning and a paved exterior surface.
Property Size1,756 SF
Price / SF$261.39
Days on Market12
Property Features for 719 W Main Street
General Information
Standard status
Active
Size
1,756 SF
Zoning
C-2
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
No
0.73
.64 acres
Paved
1756.0
Building Details
Building Size
1,756 SF
Listing Agency:
(989) 273-3883
Listed By:
Bailey Millikin
Source:
Graylingrealestate
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 2:41PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail storefront contains 1,756 square feet and has a paved exterior surface. The site is zoned C-2.
The property fronts W Main Street, also identified as M-32, in Gaylord, Michigan.
The property fronts W Main Street, also identified as M-32, in Gaylord, Michigan.
Key Highlights
- 1,756‑square‑foot retail storefront
- Frontage on W Main Street, identified as M‑32
- C‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,229
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,580
$364.6K
Cap Rate 7%
$260,414
$260.4K
Cap Rate 9%
$202,544
$202.5K
Market Conditions
NOI Build-Up for 1,756 SF
Gross rent
$27.2K $15.48/SF
− Vacancy
−$1.1K −$0.65/SF
EGI
$26.0K $14.83/SF
− OpEx
−$7.8K −$4.45/SF
NOI
$18.2K $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%
$364,580
Cap Rate 7%
$260,414
Cap Rate 9%
$202,544
Alternative Uses
Best Use
Retail
$260.4K
$227.9K – $303.8K
NOI $18,229 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.41M
$2.10M – $2.81M
NOI $168,365 @ 7.0% cap · market cap 36.68%
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
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
988
Businesses Nearby
332k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Superstores 27%
Shops & Services 19%
Groceries 5%
Walmart
Superstores
90,180 visits/mo
0.5 miles
McDonald's
Dining
34,190 visits/mo
0.1 miles
Speedway
Shops & Services
20,441 visits/mo
0.1 miles
Family Fare
Groceries
18,037 visits/mo
0.2 miles
Qdoba Mexican Grill
Dining
16,825 visits/mo
0.0 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 has C-2 zoning and a paved exterior surface.
Where is this storefront property located?
The property is located at 719 W Main Street Gaylord, MI.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: 1,756‑square‑foot retail storefront; Frontage on W Main Street, identified as M‑32; C‑2 zoning
