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123 W Main St 5,246 SF Retail Building Gaylord, MI 49735 $2,316,320 CAD ($441.54 CAD/SF)
Investment Highlights
- Tenant-occupied property generating steady rental income with Fifth Third Bank in place.
- Located minutes from the I-75 expressway for regional connectivity.
- Surrounding area features walkable retail, dining, and business amenities supporting vibrant foot traffic.
- Situated along West Main Street with exceptional visibility and high traffic counts.
- Positioned in an Opportunity Zone, enabling potential tax benefits for qualifying investors.
- Well-maintained building on a 0.43-acre lot with commercial zoning for future redevelopment potential.
Executive Summary
This income-producing retail property presents an outstanding investment opportunity in Gaylord’s thriving business district. Occupied by Fifth Third Bank, the space delivers stable tenancy within a well-kept building offering over 5,200 sq. ft. Strategically positioned on West Main Street, the property benefits from heavy vehicle and pedestrian traffic, ensuring long-term visibility for any commercial use. Its proximity to major transportation routes and easy access to the expressway make it attractive for financial institutions or businesses seeking prime frontage in a vibrant market.
Currently offered at $1,650,000, the property sits on nearly half an acre with commercial zoning, creating flexibility for future redevelopment or multi-use adaptation. Located in a designated Opportunity Zone, investors may qualify for significant tax advantages, amplifying long-term financial upside. Gaylord’s historic downtown environment, supported by growing residential and retail hubs nearby, provides a strong economic foundation that supports enduring property value.
Currently offered at $1,650,000, the property sits on nearly half an acre with commercial zoning, creating flexibility for future redevelopment or multi-use adaptation. Located in a designated Opportunity Zone, investors may qualify for significant tax advantages, amplifying long-term financial upside. Gaylord’s historic downtown environment, supported by growing residential and retail hubs nearby, provides a strong economic foundation that supports enduring property value.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
5,246 SF
Building Class
C
Year Built
2000
Price
$2,316,320 CAD
Price Per SF
$441.54 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.43 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial use
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 103-370-001-003-01 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $781,372 CAD |
Property Taxes
Parcel Number
103-370-001-003-01
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$781,372 CAD
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123 W Main St
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