1024 I-75 Business Pending Save Request In-Person Tour Request Virtual Tour
Grayling,MI 49738
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Pending
Purchase Type For Sale
Square Footage 10,261 sqft
Price per Sqft $67
MLS Listing ID 65025053532
Year Built 1950
Lot Size 4 Sqft
Property Sub-Type BusinessandRealEstate
Property Description
The possibilities are endless with this well-maintained gem. Located in Grayling, the gateway of the North. Minutes from Gaylord, MI, and an easy drive to Traverse City. Grayling, MI, is a small town that is experiencing some nice growth due to the Air Force Base, New Restaurants, New housing developments, etc. It makes a great place to stay with its proximity to the tip of the Mitt, and both NE & NW Michigan.This 22-unit motel has been very well maintained throughout the years, with a steady stream of patrons. Owned and cared for for over 30 years, it's time to hand the investment over to a new owner. Situated on 4.86 acres, on a main thoroughfare, with easy access to I-75, but set back enough for a peaceful setting. It features: a standalone building with 7 kitchenette units, that could be used for long term rental, for a constant cash flow, plus an 1800 sq ft home connected to the main motel,that features: a large master suite, cathedral ceilings, and a large kitchen and living area. Lots of parking, a large maintenance building that could be used for on-site laundry, and more.
Priced accordingly for some of the decor that could use an update. All showings must present an approval letter or proof of funds.
Location
State MI
County Crawford
Area Area20042Grayling
Interior
Heating Baseboard, NaturalGas, Radiant
Cooling WallUnits
Exterior
Parking Features Aggregate,Asphalt,Paved
Utilities Available ElectricityConnected, NaturalGasConnected
View Y/N No
Roof Type Composition
Building
Foundation None, Slab
Sewer PublicSewer, SepticTank
Water Public
Schools
School District Crawfordausable
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard