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Erin Raetz

erin@raetzteam.com +1(586) 996-8410

$694,900

Est. payment - /mo

24 Baths

10,261 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type BusinessandRealEstate

Listing Status Active

Purchase Type For Sale

Square Footage 10,261 sqft

Price per Sqft $67

MLS Listing ID 65025053532

Year Built 1950

Lot Size 4.860 Acres

Acres 4.86

Property Sub-Type BusinessandRealEstate

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,that features: a large master suite, cathedral ceilings, and a large kitchen and living area. Lots of parking, a large maintenance building that could be used for on-site laundry, and more.

Priced accordingly for some of the decor that could use an update. All showings must present an approval letter or proof of funds.

Location

State MI

County Crawford

Area Area20042Grayling

Interior

Heating Baseboard, Natural Gas, Radiant

Cooling Wall Unit(s)

Fireplace No

Exterior

Parking Features Aggregate, Asphalt, Paved

Utilities Available ElectricityConnected, NaturalGasConnected

View Y/N No

Roof Type Composition

Building

Foundation None, Slab

Sewer Public Sewer, Septic Tank

Water Public

New Construction No

Schools

School District Crawford Ausable

Others

Ownership Proprietorship

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Thomas A Rumble of EXP Realty LLC

Nearby Locations

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Erin Raetz

+1(586) 996-8410

1024 I-75 Business Grayling, MI 49738

Erin Raetz

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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