1999 Walden Drive $875,000


    1999 Walden Drive Gaylord, MI 49735

    • Commercial
    MLS# 316827 | Active


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    Days On Market: 189 25 Views
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    Property Details

    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.

    • General Features
      • Type Office
      • Business Information Income Property,Real Estate Only
      • Extras Fire Sprinklers Sys, High Visibility, Highway Access, Kitchen Area, Landscaped, Restroom (s), Smoke Detectors, Storage
      • Subdivision T30N R3W
      • County Otsego
    • BuildingFeatures
      • Construction Block, Brick, Steel
      • Basement Full Basement, Walkout
      • Accessibility Covered Entrance, No-Step Entrance
      • Heating/Air Conditioning Baseboard,Central Air,Hot Water,Natural Gas,Zoned
    • Property Features
      • Lot Size 1.8 acres
      • Parking Parking Lot, Paved
      • Road Paved
      • Driveway Blacktop
      • Internet Access Cable
      • Electric On Site
      • Sewer Municipal
      • Water Municipal
      • Gas On Site


    The TEAM

    Serving Northern Michigan

    Gaylord, Michigan

    Business: 989-732-9555


    49735 (Gaylord) Demographics

    43Median Age
    78Population Density (per sq. mile)
    32%College Educated
    $52,312 Estimated Median Income
    6,255Estimated Total Home Owners
    1,560Estimated Total Renters
    80% / 20%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    19,577Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $152,000 Median Sales Price
    27 Homes Sold
    63 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $875,000
        11/15/2018 9:55:00 AM New in Database Source

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