Contacts

Daniel Stiebel

Coldwell Banker Schmidt Realtors

Property Details

Property Type Other
Additional Rent Contact for pricing
Year Built 1971
Date Updated Nov 15, 2024

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 ®

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City Grayling, MI
Zip Code 49738

Points of Interest

EZ Mart

0.50 miles
Marathon

0.55 miles
Pacific Pride

0.64 miles
Speedway

0.93 miles
Rivian Waypoints

1.34 miles
Beacon & Bridge Market

7.79 miles

Fredric Trailhead

2.73 miles
truck parking

4.02 miles
car parking

4.04 miles
Fredrick Trail

8.66 miles

Borchers Bed and Breakfast

0.66 miles
Woodland Motor Lodge

0.73 miles
Days Inn

1.52 miles
Ramada Grayling Hotel & Conference Center

1.57 miles
Super 8 by Wyndham Grayling

4.81 miles

Family Fare

1.39 miles

In-Depth Research Available for this Property

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1010 W North Down River Rd