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Motel Property With On-Site Residences
For Sale
$779,000
Pending

615 S I 75 Business Loop, Grayling, MI 49738

Commercial Sale, Grayling, MI

Property Size15,026 SF
Lot Size25.00 Acres
Days on Market238

Property Features for 615 S I 75 Business Loop

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 23
Full bathrooms 23
Rooms Bathroom 21, Bathroom 22, Bathroom 9, Bathroom 4, Bathroom 14, Bathroom 17, Bathroom 11, Bathroom 7, Bathroom 19, Basement, Bathroom 2, Bathroom 10, Bathroom 1, Bathroom 6, Bathroom 20, Bathroom 18, Bathroom 23, Bathroom 15, Bathroom 8, Bathroom 12, Bathroom 13, Bathroom 16, Bathroom 3, Bathroom 5
Interior features Broadband
Elementary school district Crawford
Middle school district Crawford
High school district Crawford
Directions GPS will not take you there correctly. Put Dollar General Market 685 I-75 BL Grayling
Subdivision Outside MichRIC Area - Z
Standard status Pending
APN 040-41-006-14-060-00
Size 15,026 SF
Lot size 25.00 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description DIST;040 CITY/MUNI/TWP:GRAYLING TWP SEC/TWN/RNG/MER:SEC 06 TWN 26N RNG 03W COMM AT SE COR OF SEC 6 T26N R3W OF NW/4 O
Tax Annual Amount 3278
Legal Description DIST;040 CITY/MUNI/TWP:GRAYLING TWP SEC/TWN/RNG/MER:SEC 06 TWN 26N RNG 03W COMM AT SE COR OF SEC 6 T26N R3W OF NW/4 O

Utilities

Utilities Cable Available
Sewer type Septic Tank
Heating system Space Heater
Water source Well

Amenities

screen house
fire pit
three BBQ grills

Building Details

Year built 1970
Floors in Building 2
Number of units 28
Building materials Aluminum Siding, Wood Siding
Roof type Slate
Listing Agency: 3DX Real Estate, LLC
Listed By: Nancy Gladstone
Added: Jan 20 Changed: Sep 14 Last Checked: Sep 15 at 10:06AM
MLS# 26002439

Copyright © 2026 Michigan Regional Information Center, LLC. 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 15,026-square-foot motel property, built in 1970, combines 23 guest rooms with on-site residential accommodations. The lodging component includes four two-bedroom condo-style apartments with attached garages, one additional two-bedroom apartment with a private entrance, and a two-bedroom owner's residence. Guest rooms include four jacuzzi suites and eight kitchenette units.

A separate commercial building provides additional space for business or rental use. The property also includes a large pole barn and garage with an upper level, plus a screen house, fire pit, and three BBQ grills. New roofs have been installed throughout, and an underground sprinkler system serves the site. The 25-acre property uses well water and a septic tank, with cable available and broadband listed among the interior features.

Key Highlights

  • 23 motel rooms, including 4 jacuzzi suites and 8 kitchenette units
  • Four 2‑bedroom condo‑style apartments with attached garages
  • Additional 2‑bedroom apartment and 2‑bedroom owner's residence

Property Analytics

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Current Use

Motels

Suggested Use

Top Pick Real Estate Agency Dental Office Auto Repair Shop Building Supply HVAC Service Parking Lot & Garage

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

6
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

253
Businesses Nearby
Well-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Similar Off Market Nearby

  • Warblers Way Inn 906 Maple St, Grayling, MI 49738
  • Pointe North of Grayling 1024 I-75BL, Grayling, MI 49738
  • North Country Lodge 615 I-75BL, Grayling, MI 49738
  • Woodland Motor Lodge 267 S I 75 Business Loop, Grayling, MI 49738
  • River Country Motor Lodge 257 I-75BL, Grayling, MI 49738

Frequently Asked Questions

What type of property is this?
Motel - Includes guest lodging, multiple residential units, and a separate commercial building.
Where is this motel located?
The property is located at 615 S I 75 Business Loop Grayling, MI.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: 23 motel rooms, including 4 jacuzzi suites and 8 kitchenette units; Four 2‑bedroom condo‑style apartments with attached garages; Additional 2‑bedroom apartment and 2‑bedroom owner's residence
More about this property
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