MI > Grayling > Mi
Grayling, MI 49738,1010 W North Down River Road
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Grayling, MI 49738,1010 W North Down River Road
Grayling, MI 49738,1010 W North Down River Road
Grayling, MI 49738,1010 W North Down River Road
Grayling, MI 49738,1010 W North Down River Road
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Jennifer Rodgers

Jennifer Rodgers

+1(517) 398-2541
Listed by Daniel J Stiebel • Coldwell Banker Schmidt Traver
$ 900,000
Est. payment /mo
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Active

1010 W North Down River Road Grayling, MI 49738

5,936 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Income

Listing Status Active

Purchase Type For Sale

Square Footage 5,936 sqft

Price per Sqft $151

Subdivision Mi

MLS Listing ID 1923947

Year Built 1971

Lot Size 1.500 Acres

Acres 1.5

Lot Dimensions 220'x200'x240'x360'x70'

Property Sub-Type Income

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

Zoning Office,Commercial

Rooms

Basement Full, Poured Concrete, Finished Rooms

Interior

Heating Forced Air, Central Air, Zoned/Dual

Cooling Forced Air, Central Air, Zoned/Dual

Exterior

Exterior Feature Brick

Roof Type Membrane

Present Use Medical/Dental,Office Building

Road Frontage Public Maintained, Blacktop

Building

Sewer Municipal

Water Municipal Water

Others

Tax ID 070-200-009-001-00

Ownership Private Owner

Acceptable Financing Commercial Loan, Cash, 1031 Exchange

Listing Terms Commercial Loan, Cash, 1031 Exchange

agent

Jennifer Rodgers

Broker | License ID: 6505414638

+1(517) 398-2541

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1010 W North Down River Road