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$875,000

MLS 316827
1999 Walden Drive Gaylord, MI 49735  
mls
 

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.
Price 875,000 City Limits: No Frontage: 
County: Otsego Type: Office School:
Lake/River: Road: Paved Lot Size: 1.8 acres
Sewer: Municipal Water: Acres:

Ttl Sqft: 0.00 Zoning: N/A Business Info.
Sale/Rent:  S Township: Bagley
Year Built: County: Otsego
Lake/River:  Construction: Block,Brick,Steel
 

Features:



Listing Provided Courtesy of:
Berkshire Hathaway HomeServices - Gaylord
100 W. First St., Gaylord, MI 49735

Copyright 2013 Water Wonderland Board of Realtors (WWBR)
Listing provided by Water Wonderland Board of Realtors (WWBR), database last updated Wednesday July 17, 2019
Water Wonderland Board of Realtors
 
Direct Link:  http://www.wwlx.net/2013/LakeShoreRealty/residential/index.php?view=316827