1010 W North Down River Road Active

Grayling Twp,MI 49738

$ 900000

0 Bed

- Bath

5936 SqFt


Key Details

Property Type Commercial

Sub Type Business Opportunity

Listing Status Active

Purchase Type For Sale

Square Footage 5,936 sqft

Price per Sqft $151

MLS Listing ID 78080047498

Year Built 1971

Lot Size 1.500 Acres

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

Area Grayling Twp

Zoning Commercial,Office

Interior

Heating Forced Air,Zoned,Central Air

Exterior

Utilities Available 3 Phase Power

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Frame

Schools

School District Crawford Ausable

Others

Acceptable Financing Cash,Other,Trade/Exchange

Listing Terms Cash,Other,Trade/Exchange

Special Listing Condition Unknown/Data Share Listings

View More
Favorite Go Tour