3,590
Square FeetLocated in the heart of vibrant downtown Grayling, the Michigan Brew Building offers an exceptional investment opportunity that combines both commercial and residential spaces. Completely remodeled in 2020, this property features a modern design with state-of-the-art finishes throughout, making it a standout in the area. The upper level includes two well-appointed studio apartments, each with a lease in place, generating a consistent rental income of $2,450 per month. These apartments provide a reliable revenue stream and are perfect for long-term tenants seeking the convenience of downtown living. The building also includes a spacious basement with ample storage space and a walk-in cooler, which adds versatility for potential business operations or future expansion. The kitchen is partially equipped with most of the necessary appliances, making it an ideal setup for a restaurant, brewery, or similar ventures. With the Sawmill Loft development underway next door, this location is positioned for growth, and the area is expected to see increased foot traffic and visibility, further enhancing the property's value. Whether you're looking to capitalize on immediate rental income, start your own business, or secure a property in a rapidly growing area, this Building presents a fantastic opportunity. The property is turnkey and ready to generate returns from day one, offering long-term potential for both residential and commercial success. Sale includes the DDA liquor license. Schedule your showing today and take the next step in securing this incredible property!
Mortgage Calculator
Estimated Monthly Payment Breakdown
Est. Purchase Price
$50,907 per monthPMI
$3,461 per monthInsurance
$400 per monthTaxes
$12,500 per monthTotal Payment:
$67,268 per month
- Status
- Active
- Address
- 106 E Michigan Avenue
- City
- Grayling
- Zip
- 49738
- Year Built
- 1904
- Subdivision
- CITY OF GRAYLING
- List Price
- $474,900
- County
- Crawford
- Above Grade SqFt
- 3,590
- Possession
- AT CLOSING
- Current Use
- Bar/Tavern/Lounge,Professional/Office,Rental,Restaurant,Retail
- Comm. Total Space
- 3590
- Zoning
- COM
- Sub Property Type
- Business Op
- Cooling
- Central Air, Forced Air, Natural Gas, Space Heater
- Heating
- Central Air, Forced Air, Natural Gas, Space Heater
- School District
- Crawford Ausable
| MLS Number | Status | Activity Date | List Price | Sold Price | DOM |
|---|---|---|---|---|---|
| 201841011 | Active | Jun 24 2026 11:05AM | $474,900 | 35 | |
| 201837849 | Expired | May 2 2026 3:25AM | |||
| 201837849 | Active | Nov 4 2025 10:35AM | $499,900 | 179 | |
| 201832649 | Expired | Nov 1 2025 2:35AM | |||
| 201832649 | Sep 3 2025 1:20PM | $499,900 | |||
| 201832649 | May 21 2025 9:31AM | $519,900 | |||
| 201832649 | Apr 17 2025 3:50PM | $549,900 | |||
| 201832649 | Active | Nov 21 2024 10:02AM | $574,900 | 345 | |
| 201804403 | Sold | Dec 14 2020 2:44AM | $132,500 | 33 | |
| 201804403 | Deleted | Nov 25 2020 10:20AM | $155,000 | ||
| 321170 | Sold | Dec 2 2019 3:20PM | $132,500 | 35 | |
| 321170 | Contingency | Oct 9 2019 2:44AM | |||
| 321170 | Sep 23 2019 7:50AM | $155,000 | |||
| 321170 | Active | Aug 28 2019 3:31PM | $160,000 | 35 |
Listing courtesy of
Homewaters, L.l.c. Grayling
Office Address: 234 Michigan Ave Ste 3, Grayling
The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listings last updated: July 28, 2026. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available.
Our Michigan real estate agents can answer all of your questions about 106 E Michigan Avenue, Grayling MI 49738. Real Estate One and Max Broock Realtors are part of the Real Estate One Family of Companies and dominate the Grayling, Michigan real estate market. To sell or buy a home in Grayling, Michigan, contact our real estate agents as we know the Grayling, Michigan real estate market better than anyone with over 100 years of experience in Grayling, Michigan real estate for sale.
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