MI > Crawford > Grayling > 1010 W North Down River Road

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1010 W North Down River Road Map / directions

Grayling, MI

49738 Market info

  • MLS# 1923947
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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.

Property Information

Status
Active 
Address
1010 W North Down River Road 
City
Grayling 
Zip
49738 
Year Built
1971 
Listing Date
06/25/2024 
List Price
$900,000
County
Crawford 
Above Grade SqFt
5,936 
Possession
Subject to Tena 
Parking
Paved,Parking Lot 
Price/SqFt
151.62 

Features

Current Use
Medical/Dental,Office Building 
Features
3-Phase Electric, Sprinkler System 
Zoning
Commercial, Office 
Water
Municipal Water 
Sub Property Type
Income 
Licenses
None 
Exterior Features
Brick 
Cooling
Central Air, Forced Air, Natural Gas, Zoned/Dual 
Heating
Central Air, Forced Air, Natural Gas, Zoned/Dual 

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  • Market Statistics
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  • Schools Information
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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
201830263 Jun 26 2024 12:20PM $900,000 $990,000 354
201830263 Active Jun 26 2024 11:50AM $990,000 354
1923947 Active Jun 25 2024 3:46PM $900,000 354
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

800-871-9992

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls, emails, and texts from Real Estate One and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.

Listing Broker

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Listing Courtesy of Coldwell Banker Schmidt Traver
Office Address 402 E Front Street

1010 W North Down River Road Grayling
Contact us
$900,000
For Sale • Acres: 1.5 • Zoning: Office,Commercial