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$694,900
Est. payment /mo
10,261 SqFt
UPDATED:
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 70500183
Year Built 1950
Annual Tax Amount $999
Tax Year 999
Lot Size 4.860 Acres
Acres 4.86
Lot Dimensions Irregular
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,
Location
State MI
County Crawford
Area Grayling (20008)
Interior
Heating Baseboard, Radiant
Exterior
Parking Features 21+ Spaces
Roof Type Composite
Building
Structure Type Aluminum,Block,Frame,Wood
Others
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by EXP Realty LLC
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