$ 900,000
1010 W North Down River Grayling, MI 49738
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$ 900,000
Est. payment /mo
Active
1010 W North Down River Grayling, MI 49738
5,936 SqFt
UPDATED:
09/20/2024 03:55 PM
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 5,936 sqft
Price per Sqft $151
Municipality Grayling Twp
Subdivision Grayling Twp
MLS Listing ID 80047498
Originating Board MiRealSource
Year Built 1971
Lot Size 1.500 Acres
Acres 1.5
Property Description
Great investment opportunity for this medical office building leased to Munson Hospital. Munson recently signed a 5-year renewal giving an investor the opportunity for an 8.1% cap rate. Building is in good condition with a new roof in 2022. In addition to the 5,936 SF of first floor medical space there is a full basement with an additional 2,000 SF of finished space. The building sits on a lot that encompasses an entire city block from with frontage on North Down River, Rose, Erie & Vine. There is a huge parking lot and the lot is large enough to support building additional buildings.
Location
State MI
County Crawford
Zoning Professional Office,Comme
Interior
Heating Forced Air
Cooling Central Air
Exterior
View Y/N No
Building
Sewer Public
Listed by Coldwell Banker Schmidt Traverse City
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