Otsego MI Commercial for Sale

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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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Andrea D. Conner, License 6502432340, Xome Inc., License 6505376883, [email protected], 844-400-XOME (9663), 71 Walnut, Suite 206, Rochester, MI 48307


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Otsego Real Estate

The median home value in Otsego, MI is $207,000. 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 $207,000. 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 49078 has a population of 4,083. Otsego 49078 is more family-centric than the surrounding county with 34.57% 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 49078 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 49078 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.

Otsego Real Estate Market Conditions

  • Median sales price

    N/A
  • # Active listings

    17
    30-day change

Otsego Schools and Demographics

Education near Otsego, MI

Metric City County
High School Graduates 84 91.31
College Degree - 2 year 6.57 8.47
College Degree - 4 year 8.4 23.73
Graduate Degree 1.86 6.24
Expenditures per Student 13,078 13,078
Students per Teacher 17.3 17.3

Elementary Schools near Otsego, MI

School Grades Students P/T Ratio ZIP
Alamo Elementary School KG - 05 263 21.2 49009
Dix Street Elementary School PK - 05 316 15.4 49078
Gilkey Elementary School KG - 05 428 15.6 49080
Robert D. Brandon Elementary School PK - 06 312 17.3 49070
Starr Elementary School KG - 05 517 16.8 49080
Washington Street Elementary School PK - 05 436 18.5 49078

Middle Schools near Otsego, MI

School Grades Students P/T Ratio ZIP
Otsego Middle School 06 - 08 541 23.3 49078
Plainwell Middle School 06 - 08 589 17.6 49080

High Schools near Otsego, MI

School Grades Students P/T Ratio ZIP
Martin High School 07 - 12 257 19.8 49070
Otsego High School 09 - 12 665 22.8 49078
Plainwell High School 09 - 12 828 21.7 49080

Ungraded Schools near Otsego, MI

School Grades Students P/T Ratio ZIP
* Renaissance High School 09 - 12 74 18.5 49080
* Star Family Literacy 09 - 12 8 4 49080
Otsego West Campus High School 06 - 12 39 39 49078

Demographics near Otsego, MI 49078

Metric Zip Code City
Neighborhood Type Small town
Population 4,083 119,418
Population Density 2,033 145
Median Age 41.1 40.1
People per Household 2.4 2.7
Median Household Income 59,776 70,269
Average Income per Capita 26,712 32,115