Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    N Wakeley Bridge Rd Grayling, MI 49738

    Sponsored
    For Sale
    $64,900

    LAND - Grayling, MI

    Lot size:
    0.96 Acres
    Days on Market:
    9
    Last Refresh:
    Feb 12 at 9:06 am

    Property Features for N Wakeley Bridge Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    040-40-012-11-040-00
    Lot size
    0.96 Acres

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Lance G Weyeneth
    Lance G Weyeneth

    Headwater Realty, LLC (989) 705-2600

    Listing agent Lance G Weyeneth (989) 705-2600

    Listing date Feb 4, 2026

    MLS# 201828736 Listing URL

    Copyright © 2026 Water Wonderland Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Land Near Au Sable River

    This property is a 0.96-acre land parcel located in Grayling, Michigan. It is situated in Crawford County. According to the listing, the property is a short walk to the Au Sable Main Stream.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Grayling
    County
    Crawford
    State
    Michigan
    Longitude
    -84.507008
    Latitude
    44.658273

    Nearby Similar for Sale

    • $1,200,000
      16.00 Acres

      Finley's Riverside Cabins Business Opportunity

      Established vacation rental business on 16 acres with AuSable River frontage.
      5973 W M-72 Hwy, Grayling, MI 49738
      View Details
    • New
      $380,000
      5,300 SF

      Visible Highway Frontage in Grayling

      5300 sq ft commercial building with highway frontage.
      1081 I-75Bl, Grayling, MI 49738
      View Details
    • $694,900
      Pending

      Well-Maintained Motel in Grayling, MI

      22-unit motel on 4.86 acres near I-75.
      1024 I-75 Business, Grayling, MI 49738
      View Details
    • $660,000
      2,300 SF

      Iconic Riverfront Business Opportunity

      Thriving canoe livery with retail, equipment, and vacation rental.
      100 State St, Grayling, MI 49738
      View Details
    • $195,000
      1,056 SF

      M-72 Frontage Investment Property

      Well-maintained commercial property on high-visibility M-72 in Grayling.
      307 Huron St, Grayling, MI 49738
      View Details
    • $1,400,000
      46,820 SF

      Industrial Building Near I-75

      High-quality industrial building on 8.5 acres near I-75.
      758 Isenhauer Rd, Grayling, MI 49738
      View Details
    • $899,999
      15,026 SF

      Turnkey Income Property with On-Site Living

      Diversified income property featuring apartments, motel, and commercial building.
      615 I 75 Business Loop, Grayling, MI 49738
      View Details
    • $167,000
      920 SF

      Grayling Duplex with Long-Term Tenants

      Duplex in Grayling, MI with long-term tenants and garage.
      610 Spruce St, Grayling, MI 49738
      View Details
    • $995,000

      Grayling Multifamily Value-Add Opportunity

      Licensed for 49 lots near Hartwick State Park and Au Sable River.
      4869 Brighton Cir N, Grayling, MI 49738
      View Details
    • Contact for pricing

      Industrial Building Near I-75 Exit

      High-quality industrial building near I-75, suitable for various commercial ventures.
      758 Isenhauer Rd, Grayling, MI 49738
      View Details
    • $495,000

      Established Restaurant/Bar in Grayling, MI

      Thriving restaurant/bar with high traffic and growth potential.
      6811 W M 72 Hwy, Grayling, MI 49738
      View Details
    • $1,025,000

      Grayling Charter Township Property

      Property located in Grayling Charter Township, Crawford County, Michigan.
      267 S I-75 Business Loop, Grayling, MI 49738
      View Details

    FAQs

    What type of property is this?
    Recreation land - Land for sale near Au Sable Main Stream!
    Where is this recreation land located?
    The property is located at N Wakeley Bridge Rd Grayling, MI.
    What is the asking price?
    The asking price for this property is $64,900.
    What are key features of this property?
    This property features: - 30-second walk to the Au Sable Main Stream; - Prime location; - Close proximity to water
    (989) 370-2045
    Request Owner's contact information
    N Wakeley Bridge Rd Grayling, MI 49738
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    N Wakeley Bridge Rd
    Grayling, MI 49738
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    N Wakeley Bridge Rd Grayling, MI 49738
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lance G Weyeneth
    Lance G Weyeneth
    (989) 370-2045
    Learn more
    Google sign-in failed. Please try again or use another login method.