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    Grayling, MI
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    Grayling, MI Apartment Buildings for Sale

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    Frederic, MI Roscommon, MI Kalkaska, MI Marquette, MI Fife Lake, MI Gaylord, MI Mancelona, MI Houghton Lake, MI
    Motels with 23 Rooms and Jacuzzi Suites
    Updated: Jan 20
    Motels with 23 Rooms and Jacuzzi Suites

    615 S I 75 Business Loop, Grayling, MI 49738

    $779,000
    15,026 sqft 25.00 AC lot
    23 motel rooms, including 4 jacuzzi suites and 8 kitchenette units
    25 acres with on‑site living: owner’s residence plus 5 additional 2‑bedroom apartments
    Four 2‑bedroom condo‑style apartments with attached garages, plus a 2‑bedroom unit with private entrance
    New roofs throughout and an underground sprinkler system
    Separate commercial building for rental income or business use
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    Well-Maintained Motel with Home
    Updated: Oct 17, 2025
    Well-Maintained Motel with Home

    1024 S I 75 Business Loop, Grayling, MI 49738

    $694,900
    4.86 AC lot
    22‑unit motel on 4.86 acres in Grayling, MI, with easy access to I‑75.
    Standalone building includes 7 kitchenette units that could be used for long‑term rentals.
    Connected 1,800 sq ft residence with a large master suite, cathedral ceilings, and large kitchen and living area.
    Large maintenance building that could be used for on‑site laundry.
    Extensive parking on a main thoroughfare, set back for a more peaceful setting.
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 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.

    Renovated Lakefront Apartment Building
    Renovated Lakefront Apartment Building

    9661 Lake Street, Ellsworth, MI 49729

    $1,649,000
    4,736 sqft 53.00 AC lot

    Renovated multifamily estate with individual private units, nine bedrooms, 9.5 baths, and private lake frontage.

    View details
    8-Unit Multifamily Apartment Building
    8-Unit Multifamily Apartment Building

    1341 S Lakeshore Drive, Lake City, MI 49651

    $420,000
    4,880 sqft 2.11 AC lot

    Fully occupied 8-unit apartment complex with expansion space on a 2.11-acre lot.

    View details
    Lakefront Short-Term Rental Property
    Lakefront Short-Term Rental Property

    9661 Lake Street, Ellsworth, MI 49729

    $1,649,000

    Renovated private-unit lodging property with commercial-improved zoning, a dock, and direct Saint Clair Lake frontage.

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    Turnkey Multifamily with Expansion Potential
    Turnkey Multifamily with Expansion Potential

    Lake City, MI 49651

    $420,000
    2,448 sqft 2.11 AC lot

    Fully rented 8-unit apartment complex with development potential.

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    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
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

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

    View details
    Detached Two-Family Duplex
    Detached Two-Family Duplex

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Duplex on an R7a-zoned lot with three bedrooms per unit and a semi-finished basement with separate entrance.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

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

    View details

    Grayling, MI Apartment Buildings Market Trends and Statistics

    Explore 2 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 $1,473,900.

    Sale prices for two-family homes in Grayling, MI start at $694,900, averaging $736,950, 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 $737K

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Crawford County

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