Lakefront Land with
For Sale
$475,000
3500 Borchers Way, Grayling, MI 49738
LAND - Grayling, MI
Property Size321 SF
Lot Size3.10 Acres
Price / SF$1,479
Days on Market94
Property Features for 3500 Borchers Way
General Information
Property type
Land
Property subtype
Other
Subdivision
T26N, R4W
Lot features
Frame Only
Elementary school
Grayling
High school
Grayling
Elementary school district
Crawford Ausable
Middle school district
Crawford Ausable
High school district
Crawford Ausable
Directions
From Grayling, West on M-72, LEFT on S. M-93, RIGHT on Military Rd, LEFT on Margrethe Blvd, continue straight on Borchers Way. Property on the right.
Standard status
Active
APN
040-42-022-03-200-00
Size
321 SF
Lot size
3.10 Acres
Taxes and HOA fees
Tax Description
COMM. AT A PT. ON E LY SHORE OF LAKE MARGRETHE 899.5 FT., SW LY OF INTERSECTION OF N LINE OF LOT 2 & E LY SHORE, TH. S 45 DEG. 20 MIN. E. 856 FT., S 89 DEG. 09 MIN., W 206.6 FT., N 45 DEG. 20 MIN. W 722.6 FT. TO E LY SHORE, NE LY ALONG SHORE 150 FT. TO PO
Legal Description
COMM. AT A PT. ON E LY SHORE OF LAKE MARGRETHE 899.5 FT., SW LY OF INTERSECTION OF N LINE OF LOT 2 & E LY SHORE, TH. S 45 DEG. 20 MIN. E. 856 FT., S 89 DEG. 09 MIN., W 206.6 FT., N 45 DEG. 20 MIN. W 722.6 FT. TO E LY SHORE, NE LY ALONG SHORE 150 FT. TO PO
Utilities
Water source
Well
Water front
1
Listing Agency:
smith realty GROUP
(989) 732-2477
Listed By:
Michael Rosen · License #MI6501434574
(989) 370-6785
Added: May 8
Changed: May 11
Last Checked: Aug 9 at 10:06PM
MLS# 201839917
Copyright © 2026 Water Wonderland Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a 3.1-acre build site featuring 150 feet of private frontage on Lake Margrethe. The sandy bottom lake offers clear waters and panoramic views. The site is ready for construction of a new home. A 321 sq ft bunkhouse with one bedroom and one bathroom is also located on the property. The property is located near Hansen Hills Ski & Recreation Area, with access to bicycle trails and the Au Sable River. Cable internet and natural gas are available.
Key Highlights
- 3.1‑acre build site with 150 feet of private frontage on Lake Margrethe
- Sandy bottom lake with crystal clear waters and breathtaking panoramic views**
- Build site is expertly laid out, ready for construction
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
14
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Waterfront Land - 3.1-acre build site with 150' frontage on Lake Margrethe.
Where is this waterfront land located?
The property is located at 3500 Borchers Way Grayling, MI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 3.1‑acre build site with **150 feet of private frontage on Lake Margrethe**; Sandy bottom lake with crystal clear waters and breathtaking panoramic views**; Build site is expertly laid out, ready for construction
