1024 I-75 Business Loop, Grayling, MI 49738 (MLS# 201827194)
1024 I-75 Business Loop, Grayling, MI 49738
$850,000
Property Type:
Commercial
Square Footage:
10,261
Status:
Active
Current Price:
$850,000
List Date:
11/08/2023
Last Modified:
4/19/2024
Description
Investment opportunity in a prime location! This 21-unit motel, coupled with on-site living sits on a sprawling 4.8-acre lot. and provides a steady income stream. This location is a sought-after destination for travelers and tourists. The 2-bedroom, 3-bathroom house is perfect for an owner/manager to reside, ensuring on-site management. The det. garage provides additional storage and a separate workshop area. There's ample space for potential expansion or redevelopment, further increasing your investment potential. With its strategic location at a busy intersection this property enjoys high visibility and easy accessibility, making it a prime location for business. Don't miss out on this remarkable real estate opportunity with endless possibilities for growth and income.
More Information MLS# 201827194
Contract Information
Current Price: $850,000
Begin Date: 2023-11-04
List Price: $850,000
Status: Active
Property Information
Type: Business Op
Realtor.com Type: Commercial
For Sale or Rent: Y
# of Units: 21
Acres: 4.83
Lot Size Dimensions: 440x347x224x273x511
Year Built: 1950/1987
Total Bldg SqFt.: 10261
SqFt Source: County Records
Bus/Invtry Descrip: Operating Motel
Location, Tax and Legal
County: Crawford
St. #: 1024
Street Name: I-75 Business Loop
State: MI
Zip Code: 49738
In City Limits: Yes
Ownership Status: Owner
Township/City/Village: Grayling
Subdivision or T/R: T26N R3W
Directions and Remarks
Directions: Corner of I-75 business loop and W. North Down River Road.
Sign
Sign: No
Taxes and Possession
Association Dues: No
Property Features
Business Information: Income Property
Present/Ptntl Use: Motel
Construction: Concrete Block; Frame
Electric: Master; On Site
Gas: Master; On Site
Water: Municipal
Sewer: Municipal; Septic
Heat/Air: Forced Air; Natural Gas
Basement: Crawl Space
Extras: High Visibility
Road: Concrete
Drive: Gravel
Parking: Parking Lot
Occupant: Owner
Showing Instructions: Appointment Only; Call Listing Agent
Terms: Cash; Conventional Mort
Documents
Building Sketch ›Listing Office: RE/MAX New Horizons
Last Updated: April - 19 - 2024
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