5688 M-72 Hwy, Grayling, MI 49738
This exceptional 3,408 square foot office building in Grayling, Michigan, presents a unique investment opportunity. Strategically located on the busy M-72 Highway near M-93, it boasts high visibility and significant signage potential. Daily traffic counts exceeding 10,000 vehicles (2022 data) ensure maximum exposure for your business. The building features 14 private offices arranged in three distinct sections, offering flexibility for multiple tenants or a single large occupant. A convenient copy/work room, three private restrooms, a small kitchen, and two reception/lobby areas add to the functionality. The layout is easily adaptable to accommodate three separate businesses, each with its own restroom and reception area, or a co-working style setup. Modern amenities include fast fiber optic internet access, redundant heating systems for reliable climate control, and full air conditioning. Ample paved parking is available on this drive-through property. The 0.78-acre lot provides ample space. The sellers are open to a lease-back arrangement for one-third of the building, offering a potential income stream. This property is priced at $249,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.