Otsego MI Commercial for Sale
- Type:
- Business Opportunities
- Sq.Ft.:
- 3,388
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.08 Acres
- Year built:
- 1913
- Baths:
- MLS#:
- 70392079
ADDITIONAL INFORMATION
Own an iconic coffee house/bakery in the heart of downtown Otsego. Real estate is included, with a new chimney, 2023; roof, 2022; A/C unit, 2023; and kitchen expansion, 2020. Commercial tenant pays $1,200/month. Ample free parking nearby, and great exposure on M-89 with over 15,000 cars/day. Grow the existing business by expanding the menu, catering, more indoor & outdoor seating, and events. Sale includes furniture, fixtures, equipment, retail beer & wine license, recipes, name, and all branding. Building and business available separately; owner would consider financing the right operator, depending on experience, credit, and terms.
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Otsego Real Estate
The median home value in Otsego, MI is $221,080. This is lower than the county median home value of $265,500. The national median home value is $338,100. The average price of homes sold in Otsego, MI is $221,080. Approximately 65.47% of Otsego homes are owned, compared to 26.57% rented, while 7.96% are vacant. Otsego real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Otsego real estate agent to arrange a tour today!
Otsego, Michigan has a population of 4,083. Otsego is more family-centric than the surrounding county with 36.53% of the households containing married families with children. The county average for households married with children is 31.59%.
The median household income in Otsego, Michigan is $59,776. The median household income for the surrounding county is $70,269 compared to the national median of $69,021. The median age of people living in Otsego is 41.1 years.
Otsego Weather
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 15.8 degrees. The average rainfall is approximately 39.1 inches per year, with 76.8 inches of snow per year.