MI > Grayling Twp
Grayling Twp, MI 49738,1010 W North Down River Road
Grayling Twp, MI 49738,1010 W North Down River Road
Grayling Twp, MI 49738,1010 W North Down River Road
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$900,000
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5,936 SqFt
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1010 W North Down River Road Grayling Twp, MI 49738

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Dylan Tanaka

Dylan Tanaka

+1(248) 609-3030

UPDATED:

09/20/2024 04:44 PM

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

Originating Board Aspire North REALTORS®

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

Zoning Commercial,Office

Interior

Heating Forced Air, Zoned, Central Air

Heat Source Natural Gas

Exterior

Utilities Available 3 Phase Power

Accessibility Disabled Access

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Frame

Schools

School District Crawford Ausable

Others

Tax ID 07020000900100

Ownership Private Owned

Acceptable Financing Cash, Other, Trade/Exchange

Listing Terms Cash, Other, Trade/Exchange

Financing Cash,Other,Trade/Exchange

Special Listing Condition Unknown/Data Share Listings

Realcomp MLS
©2024 Realcomp II Ltd. Shareholders
Listed by Daniel J Stiebel of Coldwell Banker Schmidt Traver

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agent

Dylan Tanaka

Broker Associate | License ID: 6506046373

+1(248) 609-3030

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1010 W North Down River Road