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Gaylord Michigan Real Estate

Gaylord Michigan | 989.731.6500 | CONTACT US

1999 Walden Gaylord, MI 49735

Price $875,000

MLS # 316827

Road: Paved
Construction: Brick

Zoning:
TTL Sq Ft: 0.00

Status:
Type: Commercial/Vacant


Sewer Municipal

Remarks

Cap Rate of 9.5. New 5 year lease recently signed for main floor. Average gross rents are over $119,000 per year. Possible ROI of 22%. Premiere office building in Gaylord Michigan. Gaylord is the Gateway to all of Northern Michigan. North-South, East-West arteries pass through this hub of business, and commerce. The building covers 12,456 SQFT building across the main floor and full lower level. The main floor has a nice lobby with bathroom, 21 separate offices, a common area, conference room, a kitchenette, and network wiring throughout. Mechanical room has a three boiler system. Main Distribution Facility (MDF) for your network and server equipment contains 220 AMP & 20 AMP circuits.

Call: 989-731-6500

Email: Scott@ChesleyCO.com