Bavarian Office Centre

Office for Lease
Also listed as Special Purpose
Catylist Listing ID: 30542049
Property Subtypes: Governmental, Medical, Net Leased, Office Building
Contiguous Space: 1,260 - 11,325 SF
Total Available: 16,125 SF
Building Size (RSF): 29,000 SF
Gross Building Area: 31,043 SF
Gross Land Area: 2.80 Acres
Lease Rate: $12 - 15 PSF (Annual)
Base Monthly Rent: $11,325 - 14,156
Lease Types: Modified Gross
In Opportunity Zone? Yes
Building Name: Bavarian Office Centre
Class of Space: Class B
Last Updated: 3/2/2020

Overview / Comments

The property consists of 3 office buildings and 1 small utility building. Two of the buildings are general office and the third building is a medical office. This property has existing tenants and is an investment opportunity with upside. This property has a 4,800 sf medical space that will be coming vacant in 2020. This property would be a good investment for a Medical Professional looking to move their practice. Building 806 was built in 1992, Building 810 was built in 1900, Building 814 was built in 1997,

Attachments & Media

Expand All 2 Spaces Available

Suite: 806 4,800 SF $15 PSF (Annual) Modified Gross
Suite: 810, 814 11,325 SF $12 - 15 PSF (Annual) Modified Gross

Additional Details

Nearest MSA: Traverse City
County: Otsego
Submarket Type: Central Business District
Taxing Authority: City of Gaylord
Tax ID/APN: 101 104 000 425 03
Zoning: C-1
Property Located Between: Located close to I-75 and M-32
Property Visibility: Good
Highway Access: Located close to I-75 and M-32 in Gaylord, MI
Site Description: The property consists of 3 office buildings and 1 small utility building. Two of the buildings are general office and the third building is a medical office. The property has excellent visibility from Otsego Ave. There is sufficient parking and ingress/egress to the property. The property is located in an Opportunity Zone. Additional information on Opportunity Zones can be found at the following website https://miopportunityzones.com/
Area Description: Located on the 45 parallel, the Alpine Village of Gaylord is truly northern Michigan's heart. Gaylord is unique in its centrality - only minutes from everything you could hope for in the north.
Total Number of Buildings: 3
Number of Stories: 1
Year Built: 1992
Roof Type: Gable
Construction/Siding: Brick, Wood Frame
Exterior Description: Brick and wood frame constuction
Parking Type: Surface
Parking Description: Well maintained open surface parking lot.
Total Parking Spaces: 225
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, T1/T3
Interior Description: The interior office space and common area have been well maintained.
Zoning Description: IX. SECTION 9. C-1 GENERAL COMMERCIAL DISTRICT. A. The regulations set forth in this Section, or set forth elsewhere in this Ordinance, when referred to in this Section, are the regulations of the C-1 General Commercial District. B. Use Regulations. 1. A building or premises shall be used only for the following purposes: a. Uses permitted in R-2 District, providing requirements of that district are met. b. Advertising sign or billboard, when located at least fifty (50) feet from any "R" District. c. Gasoline service stations, parking or public garages, and auto, truck, trailer, and boat sales, service, storage, parts, repair, washing or painting shop provided that any outdoor storage of parts, material or damaged autos, trucks, trailers or boats shall be suitably screened or fenced or enclosed and such storage shall not be conducted within a required yard. d. Auto parking or sales lots for new or used cars provided that dismantled or junked cars unfit for operation on the highways shall not be stored on the premises unless within a building. e. Business or commercial schools. f. Dance halls, bowling alleys, and similar places of amusement or entertainment. g. Restaurants and coffee shops, including drive-in restaurants. h. The office and display room of the home repair contractors such as heating, painting, roofing and decorating contractors provided the business is entirely within a completely enclosed building, there is no storage of supplies or equipment on the premises outside the building, and no more than fifty (50) percent of the gross floor area is used for processing and fabricating. i. Drive-in establishments offering foods or services to customers waiting in parked automobiles. j. Theaters, including outdoor or drive-in theaters. k. Display rooms for merchandise to be sold at wholesale where merchandise is stored elsewhere. l. Printing shops having a sales office or retail outlet on the premises and having less than 10,000 square feet of floor area. m. Radio or television broadcasting stations, studios and offices. n. Repair services or businesses, including repairing of bicycles, radios, television sets, and other home appliances, typewriters, watches, clocks, and shoes, having a retail outlet on the premises and having no more than 10,000 square feet of floor area. o. Monument works having a retail outlet on the premises. p. General service and repair establishments similar in character to uses listed 18 herein. q. Hotels and motels. r. Farm implement display and sales rooms. s. Tires sales and service. t. Medical marihuana provisioning centers. u. Other retail stores and outlets similar in character to uses listed herein. v. Frozen food lockers. w. Accessory buildings and uses customarily incident to the above uses. x. Deleted – Ord. Amend. Eff. 01/30/05 y. Body art facilities when granted a Special Use Permit pursuant to the procedures and standards of Section 13 of the Gaylord Zoning Ordinance. C. Height Regulations. 1. Buildings and structures shall exceed neither thirty-five (35) feet, nor two and one-half (2 1/2) stories in height, except as provided in Section 15 of this Ordinance.
Lot Frontage: 411
Lot Depth: 301
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Property has shared parking ingress/egress with neighboring property to the south
Legal Description: COMM. AT A PT. ON W LINE OF US 27;511.6 FT. N OF S LINE OF SEC. 4 RUN N 412 FT. W TO E LINE OF MCRR S 412 FT; E TO P.O.B.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,679 6,517 13,914
Median Age: 35.19 39.74 41.48
Households: 1,039 2,670 5,626

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