9311 S Old 27 $450,000


    9311 S Old 27 Gaylord, MI 49735

    • Commercial
    MLS# 316825 | Active


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    Days On Market: 188 7 Views
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    Property Details

    18 room resort/ hotel. 11 lower units & 7 upper level units. Directly across from the new Iron Belle trail/snowmobile #7. Good visibility, located in the golf Mecca of Northern Michigan. Great business opportunity w/multiple income streams. . Perfect location for your next meeting or reunion. Nice lounge/reception area w/fireplace. Covered loading/unloading area for guests. Living quarters for onsite manager. Kitchen dinning area. Coin operated laundry added in 2019. Approximately 2 acres of land with swings, eating areas, fire pits, horse shoe, & more. Large pole building with 3 stalls for equipment and tools. 30x40 pole building currently leased. New paint throughout all rooms & bedding improvements done over the past year. 4 Fawn Lake lots also available for purchase to the east.

    • General Features
      • Type Commercial/Industrial
      • Business Information Business Opportunity,Income Property
      • Extras Furnished, Gas/Log Fireplace, High Visibility, Highway Access, Kitchen Area, Laundry, Living Quarters, Manager On-Site, Restroom (s), Storage
      • Subdivision HEART LAKE SUB
      • County Otsego
    • BuildingFeatures
      • Construction Frame
      • Total Units 18
      • Basement Crawl Space
      • Heating/Air Conditioning Baseboard,Hot Water
    • Property Features
      • Lot Size 1.73 acres
      • Parking Common
      • Road Paved
      • Driveway Gravel
      • Electric Master
      • Sewer Septic
      • Water Well
      • Gas Master


    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: $450,000
        11/16/2018 9:56:00 AM New in Database Source

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