133 Main St, Gaylord, MI 49735

7,896 SF | 100% Leased | Retail Building | Gaylord, MI 49735 | $1,160,000 ($147/SF) | 9% Cap Rate

Asking Price $1,160,000

Property Type: Retail
Square Feet: 7,896 SF
Price / Square Foot: $147

Listing Contacts

Eric Birnholtz

Verified Profile

Jared Gell

Verified Profile

Property Info

Property Overview

Mid-America Real Estate - Michigan, Inc is pleased to announce an investment opportunity that is available for sale in Gaylord, Michigan. The asset is a multi-tenant and mixed-use property that has medical office and residential tenants. The property is well situated in the heart of Downtown Gaylord, a popular year-round destination for the local population, tourists, and people who vacation in northern Michigan. The area is home to many local restaurants as well as many national retailers along the Main Street corridor. The property has been improved each year with updates, tenant build-outs, and capital investment by the current owner.
The investment includes a ground floor retail space leased to Versiti Blood Center of Michigan (10 locations) and 4, 1 bedroom residential
apartments on the 2nd floor.

Property Details

Class: B
Year Built: 1978
Stories: 2
Property Subtype: Storefront
Lot Size (sq. ft): 3,920 SF

Highlights

Well positioned in the heart of Downtown Gaylord.
The retail market in Gaylord features many big box users and national retailers.
Gaylord is a popular tourist destination and area where many people own vacation homes or rent cottages and hotels.

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