Building Details

Year Renovated 2020

Listing Agency: Homewaters, L.L.C. Grayling. Show Phone

Listed By: Michelle Millikin · License #6501284936 Show Phone

Source: Puremichiganproperty

Added: Jul 14 Changed: Oct 10 Last Checked: Oct 23 at 6:08AM

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Investment Insights

Based on property information with market context.

The Michigan Brew Building is a mixed-use property remodeled in 2020, combining two studio apartments with commercial-support space. The upper level has two well-appointed studio units, each with a lease in place, and the property includes a spacious basement with ample storage and a walk-in cooler. A partially equipped kitchen with most necessary appliances is included, supporting flexible day-to-day operations.

Situated in downtown Grayling on E Michigan Ave, the building also includes a DDA liquor license with the sale.

With residential income already established through the leased studio apartments, the remaining interior layout and basement amenities provide a practical foundation for an operator looking to coordinate both living space and commercial use under one roof.

Key Highlights

• Completely remodeled in 2020, Michigan Brew Building in downtown Grayling
• Upper level has 2 studio apartments with leases in place
• Leased apartments generate $2,450 per month in rental income

Property Analytics

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Open Analytics

Current Use

Michigan Brew Restaurant

Suggested Use

Top Pick Dental Office HVAC Service Building Supply Electrical Service Garden Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Liquor license

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

625

Businesses Nearby

Explore this area Business Placement

Demographics for 49738, MI

9,498

Population

7,299

Households

1.3

Avg Household Size

50

Median Age

21%

College-Educated

92%

High-School Grad

332.6 sq mi

ZIP Area

29

Density / Sq Mi

$57,573

Median Household Income

$33,218

Median Earnings

$855

Median Rent

$153,200

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Brewery - Remodeled in 2020, featuring two leased studio apartments and a basement with storage and walk-in cooler.

Where is this brewery located?

The property is located at 106 E Michigan Ave Grayling, MI.

What is the lease rate?

The lease rate is $474,900.

What are key features of this property?

This property features: Completely remodeled in 2020, Michigan Brew Building in downtown Grayling; Upper level has 2 studio apartments with leases in place; Leased apartments generate $2,450 per month in rental income