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Grayling,MI 49738
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 10,261 sqft
Price per Sqft $67
MLS Listing ID 25053532
Full Baths 24
Year Built 1950
Annual Tax Amount $999
Tax Year 999
Lot Size 4.860 Acres
Property Sub-Type Business
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. 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 Outside Michric Area - Z
Interior
Heating Baseboard,Radiant
Cooling Wall Unit(s)
Inclusions Real Estate, Inventory, Furniture, Equipment
Exterior
Utilities Available Natural Gas Connected,Electricity Connected
View Y/N No
Roof Type Composition
Building
Building Description Aluminum Siding, Outdoor Storage
Foundation Slab
Sewer Septic Tank
Structure Type Aluminum Siding
New Construction No
New Construction No
Schools
School District Grayling
Others
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash