615 S I-75 Business Loop Grayling, MI ^$ 1,200,000

615 S I-75 Business Loop

^$ 1,200,000

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615 S I-75 Business Loop

Grayling, MI, 49738

^$ 1,200,000

Studio Baths0.0 Sq 16,000

Monthly Estimate*

^$ 7,187

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Studio

Commercial Property for sale in Grayling, MI

for $1,200,000. This 16,000 square foot building was built in 1970 on a lot size of 25.

This is 3 separate parcels which contain a motel with 23 rooms, 1 2-bedroom apartment over driveway, and a 2-bedroom owners quarters. 4 of those rooms have Jacuzzis, and 8 of the rooms have kitchenettes. All but 4 of the motel rooms are rented as extended stays. There are 4 condo-type 2-bedroom apartments. A commercial building with is currently being leased and is a resale shop. There is a huge pole barn/garage and 8 outbuildings. There is a tiny house that is negotiable. I cabin that is being rent-to-own. There is a screen house, fire pit, 3 bbq grills, and sprinkler system.

Commercial Active

Price

^$ 1,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 3,144

Style

Business

Lot Size

Year Built

1970

Town/City

Grayling

County/Region

Crawford

MLS | Web ID

70427764

Features

General

Heating Forced Air

Possession Negotiable (Possession)

Roof Composite

Status Active Active

Year Built 1970

County Crawford

Class COM/IND/BUS OPP

Type Business

Percent Ownership LLC

Municipality Grayling

Subdivision MI

Commercial Features Cable Internet Installed Cable TV Available Furniture Outside Storage

Area Grayling (20008)

Primary City Grayling

Directions Off of I-75 business loop East side of road across the street from Grayling Army Airfield.

City Grayling

Financial Terms Cash Conventional

Legal Description DIST:040 CITY/MUNI/TWP:GRAYLING TWP SEC/TWN/RNG/MER:SEC 06 TWN 26NRNG 03W COMM AT SE COR OF SEC 6 T26N R3W OF NW/4 O

DOM 23

Postal Code 49738

Price Per Sq Ft Total AG 75

Coming Soon This is 3 separate parcels which contain a motel with 23 rooms 1 2-bedroom apartment over driveway and a 2-bedroom owners quarters. 4 of those rooms have Jacuzzis

Exterior

Exterior Aluminum Frame Wood

Frontage 180

Lot Size Area 25

Lot Dimensions 1.0193X1

Roads Private Road

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Nancy Gladstone

Listing Agent

3Dx Real Estate, Llc.

Broker

nancy.gladstone@gmail.com

Affordability Calculator

$7,449

Per Month

Monthly Principal & Interest: $7,187
Monthly Property Taxes: $262
Monthly Home Insurance: --

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Down Payment

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 5.99% 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 Grayling, MI

Average List Price ^$1,332,001

Percent of Sale Price 11%

About Grayling, MI

1,940 Population

-4% Since 2002

^$36,561 Median Income

40.01 Median Age

27% 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
8/29/2024	$1,200,000		Listed Price

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615 S I-75 Business Loop, Grayling, MI, 49738 is a Commercial Property for sale at $1,200,000 with 16,000 sqft and a lot size of 25. 615 S I-75 Business Loop is a studio with 0.0 baths and was built in 1970. The property's zip code is 49738 which is in Grayling, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 5.99% 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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615 S I-75 Business Loop

Commercial Property for sale in Grayling, MI

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