Restored Mixed-Use
New
For Lease
$319,900
110 E Michigan Ave, Grayling, MI 49738
Street-level commercial space pairs historic architectural details with an upper residential loft and an in-place lease.
Space SizeContact for details
Days on Market7
Property Features for 110 E Michigan Ave
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Amenities
refinished original wood floors
exposed brick
original pressed-tin ceilings
fresh lighting/electrical
wainscoting accents
brand-new oversized windows
authentic walk-in historic vault
Building Details
Year Renovated
2025
Stories
2
Listing Agency:
Homewaters, L.L.C. Grayling.
(989) 732-2477
Listed By:
Michelle E Millikin
Source:
Smithrealtygaylord
Added: Aug 25
Changed: Aug 30
Last Checked: Aug 30 at 10:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Homewaters, L.L.C. Grayling.
Investment Insights
Based on property information with market context.
The historic Salling Hanson & Co. Building at 110 E Michigan Ave combines a street-level commercial suite with an upstairs residential loft. A 2024–2025 restoration retains original wood flooring, exposed brick, pressed-tin ceilings, wainscoting, and an authentic walk-in vault, while adding updated lighting, electrical work, and oversized windows. The commercial area offers a distinctive setting for retail, gallery, office, or other destination-oriented concepts, subject to applicable approvals.
Located in downtown Grayling, the property is near I-75 and the US-127 connection, serving local users and Northern Michigan travelers. The upstairs loft is leased and provides income from an existing occupant. Nearby downtown redevelopment includes the Sawmill Lofts project, planned with 40 apartments and 4,000 SF of commercial space, with completion expected in 2026.
Located in downtown Grayling, the property is near I-75 and the US-127 connection, serving local users and Northern Michigan travelers. The upstairs loft is leased and provides income from an existing occupant. Nearby downtown redevelopment includes the Sawmill Lofts project, planned with 40 apartments and 4,000 SF of commercial space, with completion expected in 2026.
Key Highlights
- 2024–2025 restoration with original wood floors, exposed brick, pressed‑tin ceilings, and wainscoting
- Street‑level commercial suite with brand‑new oversized windows and updated lighting and electrical systems
- Authentic walk‑in historic vault within the commercial space
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
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 Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level commercial space pairs historic architectural details with an upper residential loft and an in-place lease.
Where is this mixed-use property located?
The property is located at 110 E Michigan Ave Grayling, MI.
What is the lease rate?
The lease rate is $319,900.
What are key features of this property?
This property features: 2024–2025 restoration with original wood floors, exposed brick, pressed‑tin ceilings, and wainscoting; Street‑level commercial suite with brand‑new oversized windows and updated lighting and electrical systems; Authentic walk‑in historic vault within the commercial space
