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    5688 M-72 Hwy Grayling, MI 49738

    Sponsored
    For Sale
    $249,900

    Prime Office Space, High Traffic Area, MI

    Property size:
    3,408 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    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.

    Property Features for 5688 M-72 Hwy

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,408 SF
    Lot Size
    33,977 SF

    Building Details

    Year Built
    1976
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Map

    City
    Grayling
    County
    Crawford
    State
    Michigan
    Longitude
    -84.72154
    Latitude
    44.66168

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Space, High Traffic Area, MI
    Where is this office property / space located?
    The property is located at 5688 M-72 Hwy Grayling, MI.
    What is the asking price?
    The asking price for this property is $249,900.
    (989) 348-5474
    Request Owner's contact information
    5688 M-72 Hwy Grayling, MI 49738
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    Grayling, MI 49738
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    Realmo Value Estimation

    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.

    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.

    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
    5688 M-72 Hwy Grayling, MI 49738
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