Manufacturing Property with Multiple
For Sale
$799,000
4364 W North Down River Rd, Grayling, MI 49738
Multi-building industrial property with an existing long-term lease, C-2 zoning, and separate vacant buildings.
Property Size21,102 SF
Price / SF$37.86
Days on Market547
Property Features for 4364 W North Down River Rd
General Information
Standard status
Active
Size
21,102 SF
Class
C
Property subtype
Industrial
Zoning
C-2
Warehouse & Industrial
Office Build-Out
660 SF
Voltage
440 V
Three-Phase Power
Yes
Additional Details
Cap Rate
7%
Building Details
Building Size
21,102 SF
Year Built
1999
Buildings
3
Stories
1
Listing Agency:
Anton, Sowerby & Associates, Inc.
(586) 918-1956
Listed By:
Susan Blanchard · License #6501370698
(586) 918-1956
Source:
Cpix.resimplifi
Added: Mar 1, 2025
Changed: Aug 30
Last Checked: Aug 30 at 7:43AM
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 Anton, Sowerby & Associates, Inc.
Investment Insights
Based on property information with market context.
This manufacturing property comprises 21,102 SF across three buildings. The primary 18,350 SF building includes 660 SF of office space, two 10' x 12' overhead doors, a truckwell, and 440V, 3-phase power. Two additional buildings measure 1,920 SF and 832 SF; both are currently vacant. The property carries C-2 zoning.
An existing long-term lease has 4 years remaining, along with a 3-year renewal option. The tenant is a major US door manufacturer, and the lease places responsibility for taxes and insurance with the tenant. The offering is identified with a 7 CAP, while the vacant secondary buildings provide additional space within the overall property.
An existing long-term lease has 4 years remaining, along with a 3-year renewal option. The tenant is a major US door manufacturer, and the lease places responsibility for taxes and insurance with the tenant. The offering is identified with a 7 CAP, while the vacant secondary buildings provide additional space within the overall property.
Key Highlights
- 21,102 SF across three buildings
- Primary building contains 18,350 SF plus 660 SF of office space
- Two 10' x 12' overhead doors, truckwell, and 440V, 3‑phase power
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
285
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Multi-building industrial property with an existing long-term lease, C-2 zoning, and separate vacant buildings.
Where is this manufacturing property located?
The property is located at 4364 W North Down River Rd Grayling, MI.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 21,102 SF across three buildings; Primary building contains 18,350 SF plus 660 SF of office space; Two 10' x 12' overhead doors, truckwell, and 440V, 3‑phase power
