615 I-75 Business Loop Grayling, MI 49738

Property Details for 615 I-75 Business Loop

Year built

1970

Lot size

25.00 lot acres

Property size

16,000 SF

Property type

Investment properties

Description

This exceptional investment opportunity encompasses 25 acres in Grayling, MI, featuring a diverse portfolio of income-generating properties. The core of the offering is a 23-room motel, with four rooms boasting Jacuzzis and eight equipped with kitchenettes. The majority of the motel rooms (19) are currently leased as extended-stay units, providing a stable revenue stream. In addition to the motel, the property includes four two-bedroom condo-style apartments, offering further rental income potential. A commercial building, currently leased to a resale shop, adds to the diversified income streams. The property also boasts extensive outbuildings, including a large pole barn/garage and eight additional structures. A significant feature is a substantial amount of land, providing ample space for expansion or future development. Further enhancing the property's appeal are amenities such as a two-bedroom apartment above the driveway, a two-bedroom owner's quarters, a negotiable tiny house, a cabin currently under a rent-to-own agreement, a screen house, a fire pit, three BBQ grills, and a sprinkler system. The total square footage of the buildings is 16,000 square feet. This multifaceted property presents a rare chance to acquire a substantial and established business with significant upside potential. The asking price for this turnkey operation is $1,200,000.