1010 W North Down River Rd

For Sale

1010 W North Down River Rd, Grayling, MI 49738

This Grayling property for sale is located at 1010 W North Down River Rd. The current listed sale price for 1010 W North Down River Rd is $900,000.

Contacts

broker

Daniel Stiebel

Coldwell Banker Schmidt Realtors

Property Details

  • Property Type Other
  • Property Size 5,936 SF
  • Additional Rent Contact for pricing
  • Year Built 1971
  • Date Updated Sep 6, 2024
  • Website www.cbcworldwide.com
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.

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Highlights

  • On the south side of W North Down River Rod between Smith & Rose Streets.
  • Heating - Fuel Type: Gas
  • Exterior Description: Brick
  • Road Type: City / Town Street
  • Cooling: Zoned A/C
  • Roof: Rubber
  • Cooling: Central A/C
  • Water: Well
  • Heating Type: Forced Air

Getting around

  • 47/100

    Walk Score ®

  • 42/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Grayling, MI
  • Neighborhood Grayling
  • Zip Code 49738

Points of Interest

  • Marathon

    0.55 miles

  • Pacific Pride

    0.64 miles

  • Valero

    0.70 miles

  • Speedway

    0.93 miles

  • Marathon

    1.60 miles

  • Marathon

    4.81 miles

  • Fredric Trailhead

    2.73 miles

  • truck parking

    4.02 miles

  • car parking

    4.04 miles

  • truck parking

    5.58 miles

  • car parking

    5.58 miles

  • Fredrick Trail

    8.66 miles

  • Borchers Bed and Breakfast

    0.66 miles

  • Ramada by Wyndham Grayling Hotel & Conference Center

    1.57 miles

  • Super 8 by Wyndham Grayling

    4.81 miles

  • Family Fare

    1.38 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Daniel Stiebel

Coldwell Banker Schmidt Realtors