Mid-Mitten Realty
1010 W North Down River Road Active Save Request In-Person Tour Request Virtual Tour
Grayling,MI 49738
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 5,936 sqft
Price per Sqft $151
MLS Listing ID 80047498
Year Built 1971
Lot Size 1.500 Acres
Acres 1.5
Lot Dimensions 220'x200'x240'x360'x70'
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 (20003)
Zoning Professional Office,Commercial
Interior
Heating Forced Air,Zoned Heating
Cooling Central A/C
Exterior
Garage Parking Lot
Building
Foundation Basement
Water Public Water
Structure Type Frame
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Commercial Loan,Exchange/Trade