4029 Old Us Highway 27 Gaylord, MI ^$ 1,099,000

4029 Old Us Highway 27

^$ 1,099,000

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Foreclosure

4029 Old Us Highway 27

Gaylord, MI, 49735

^$ 1,099,000

Studio Baths0.0 Sq 11,526

Monthly Estimate*

^$ 7,304

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4029 Old Us Highway 27, Gaylord, MI 49735 - Image 7

4029 Old Us Highway 27, Gaylord, MI 49735 - Image 8

4029 Old Us Highway 27, Gaylord, MI 49735 - Image 9

4029 Old Us Highway 27, Gaylord, MI 49735 - Image 10

4029 Old Us Highway 27, Gaylord, MI 49735 - Image 11

4029 Old Us Highway 27, Gaylord, MI 49735 - Image 12

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Studio

Commercial Property for sale in Gaylord, MI

for $1,099,000. This 11,526 square foot building was built on a lot size of 1.78.

For Sale by Court Appointed Receiver - 5,526 +/- SF Restaurant built in 1940 with a full renovation in 2018. Property includes a 6,000 +/- SF Pavilion and the entire property is on 1.78 +/- acres with plenty of parking! Property includes a vestibule entrance, bar, seating area, full kitchen, office space, with a walk in cooler and freezer . The total dining space features approximately 99 seating spaces. Zoned B-3, Business. Light Manufacturing. The property is on a well with private septic. Includes a Liquor License and Resort License. The Pavilion was built for additional entertainment and includes an axe throwing area.

Commercial Active

Price

^$ 1,099,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 15,370

Style

Commercial/Industrial

Lot Size

1.78

Town/City

Gaylord

County/Region

Otsego

MLS | Web ID

60145304

Features

General

Heating Forced Air

Possession At Close

Roof Metal

Water Private Well

Status Active Active

Year Built 19

Water Heater Gas

County Otsego

Class COM/IND/BUS OPP

Type Commercial/Industrial

Percent Ownership Bank Owned

Municipality Bagley Twp

Zoning Professional Office Commercial Industrial

Subdivision MI

Commercial Features Overhead Doors

Area Bagley Twp (69001)

Primary City Gaylord

Directions South of I-75 East off of Old 27 South

City Gaylord

Street Name OLD US HIGHWAY 27

Financial Terms Cash Conventional

Legal Description PAR 1A: A PAR OF LAND ON PT OF THE NE 1/4 OF THE NW 1/4 OF SEC 28 T30N R3W BAGLEY TWP OTSEGO CO

DOM 614

Postal Code 49735

Price Per Sq Ft Total 95.35

Coming Soon For Sale by Court Appointed Receiver - 5 526 +/- SF Restaurant built in 1940 with a full renovation in 2018. Property includes a 6

Exterior

Exterior Vinyl Siding

Frontage 329

Body of Water Otsego Lake - Across the

Lot Size Area 1.78

Lot Dimensions 329 x 216

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

James Galbraith

Listing Agent

James M Galbraith

Broker

mkassab@mshapirorealestate.com

Affordability Calculator

$8,585

Per Month

Monthly Principal & Interest: $7,304
Monthly Property Taxes: $1,281
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Gaylord, MI

Average List Price ^$114,440

Percent of Sale Price 90%

About Gaylord, MI

4,302 Population

3% Since 2002

^$40,618 Median Income

38.79 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/23/2022	$1,099,000		Listed Price

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4029 Old Us Highway 27, Gaylord, MI, 49735 is a Commercial Property for sale at $1,099,000 with 11,526 sqft and a lot size of 1.78. 4029 Old Us Highway 27 is a studio with 0.0 baths. The property's zip code is 49735 which is in Gaylord, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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4029 Old Us Highway 27

Commercial Property for sale in Gaylord, MI

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