Grayling, MI
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    Grayling, MI Apartment Buildings for Sale

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    Frederic, MI Roscommon, MI Kalkaska, MI
    Turnkey Income Property with On-Site Living
    $779,000
    15,026 SF
    Turnkey Income Property with On-Site Living

    615 S I 75 Business Loop, Grayling, MI 49738

    Diversified income property featuring apartments, motel, and commercial building.
    • Includes four 2‑bedroom condo‑style apartments with attached garages, plus an additional 2‑bedroom unit with private entrance and a 2‑bedroom owner’s residence.
    • Hospitality setup with 23 motel rooms: 4 jacuzzi suites and 8 kitchenette units for nightly and extended‑stay guests.
    • Separate commercial building on‑site for additional rental income or business use.
    • New roofs throughout; underground sprinkler system to support the property grounds.
    • Well and septic tank utilities, with cable available and broadband access; heating via space heater.
    Updated: Jan 20
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Grayling, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Lake City Multifamily Investment Opportunity
    $420,000
    4,880 SF
    Lake City Multifamily Investment Opportunity

    Turnkey 8-unit multifamily property with expansion potential in Lake City, MI.

    1341 S Lakeshore Drive, Lake City, MI 49651

    View details
    Downtown Cadillac Mixed-Use Building
    $229,000
    Downtown Cadillac Mixed-Use Building

    Mixed-use building with commercial space and residential apartments.

    216 S Mitchell Street, Cadillac, MI 49601

    View details
    Turnkey Multifamily with Expansion Potential
    $420,000
    2,448 SF
    Turnkey Multifamily with Expansion Potential

    Fully rented 8-unit apartment complex with development potential.

    Lake City, MI 49651

    View details
    Downtown Cadillac Mixed-Use Opportunity
    $229,000
    3,300 SF
    Downtown Cadillac Mixed-Use Opportunity

    Prime commercial building with residential income in downtown Cadillac.

    216 S Mitchell Street, Cadillac, MI 49601

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land Near Shepherd University
    $650,000
    3.70 Acres
    Land Near Shepherd University

    Prime land near Shepherd University with development potential.

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    View details
    Central Business Zoned Development Land
    $250,000
    0.23 Acres
    Central Business Zoned Development Land

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    107 HOWARD Street, La Plata, MD 20646

    View details
    Brooklyn Two-Family Home with Development Potential
    $1,888,888
    2,660 SF
    Brooklyn Two-Family Home with Development Potential

    Two-family home on a large lot with significant development potential.

    69 Martense Street, Brooklyn, NY 11226

    View details
    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    215 N Bear Creek Road, Asheville, NC 28806

    View details

    Grayling, MI Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Grayling, MI on our real estate platform. These investment opportunities span a total of 15,026 square feet of properties for sale, with an estimated market value of $779,000.

    Sale prices for two-family homes in Grayling, MI start at $779,000, averaging $779,000, and reaching up to $779,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 9,599
    Population Growth (5Y) +0.0%
    Median Household Income $57,573
    College Educated 14.6%

    High-Yield Neighborhoods for Investment

    Identify Grayling submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49738 $779K

    Taxes & Financing

    Tax Rate (average for all types) 2.14%
    Property Tax per SF $79.70 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Crawford County

    New Delisted

    Total CRE Inventory on Market (SF)

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