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About This Home
This 0-bedroom, 23-bathroom commercial at 615 S I 75 Business Loop in Grayling, MI is listed for $779,000 ($52 per sqft). Built in 1970, the home offers 15,026 sqft of living space on a 25.00 acres lot.
Rare turnkey opportunity offering diversifiedincome with on-site living. Property features four 2-bedroom condo-style apartments with attached garages, an additional 2-bedroom apartment with private entrance, a nd a comfortable 2-bedroom owner's residence.
The hospitality operation includes 23 motel rooms, highlighted by 4 jacuzzi suites and 8 kitchenette units, ideal for nightly and extended-stay guests. A separate commercial building adds flexibility for rental income or business use. Guest-friendly amenities include a screen house, fire pit, and three BBQ grills.
There is a large pole barn/garage with an upper level for storage or expansion. Property is well maintained with new roofs throughout and an underground sprinkler system, minimizing near-term capital needs. An excellent opportunity to live on site while operating a proven, income-producing property with strong cash flow and long-term upside.
Key Features
- Built in 1970
- 25.00 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$4,166/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
615 S I 75 Business Loop
Grayling, MI 49738
Features & Amenities
Interior Features
Property Details
Construction
Heating
Questions & Answers
This 0-bedroom, 23-bathroom commercial at 615 S I 75 Business Loop is listed at $779,000 ($52/sqft). The estimated monthly payment is $3,376 based on 20% down at 6.5% interest.
Key features include: Built in 1970, 25.00 acre lot, 2 stories. Interior Features: Broadband.
This property is listed by Nancy Gladstone and can be reached at 2483458246 or nancy.gladstone@gmail.com.
