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    Grayling, MI
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    Grayling, MI Multifamily Properties for Sale

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    Frederic, MI Roscommon, MI Kalkaska, MI Marquette, MI Fife Lake, MI Gaylord, MI Mancelona, MI Houghton Lake, MI
    Triplex on AuSable River
    Updated: Jun 25
    Triplex on AuSable River

    101 Milltown Court, Grayling, MI 49738

    $299,900
    1,920 sqft
    3‑unit investment property with all 3 units currently occupied on month‑to‑month agreements
    Unit mix: two units with 2 bedrooms and one unit with 1 bedroom
    Ranch architectural style
    Heating: natural gas forced‑air; public sewer connection
    Construction materials include vinyl
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    Motels with 23 Rooms and Jacuzzi Suites
    Updated: Jan 20
    Motels with 23 Rooms and Jacuzzi Suites

    615 S I 75 Business Loop, Grayling, MI 49738

    $779,000
    15,026 sqft 25.00 AC lot
    23 motel rooms, including 4 jacuzzi suites and 8 kitchenette units
    25 acres with on‑site living: owner’s residence plus 5 additional 2‑bedroom apartments
    Four 2‑bedroom condo‑style apartments with attached garages, plus a 2‑bedroom unit with private entrance
    New roofs throughout and an underground sprinkler system
    Separate commercial building for rental income or business use
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    Riverfront Short-Term Rental Property
    Riverfront Short-Term Rental Property

    Grayling, MI 49738

    $1,750,000
    5.00 AC lot

    Turnkey operation with six furnished cabins and an on-site convenience store for diversified guest and retail use.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Well-Maintained Motel with Home
    Well-Maintained Motel with Home

    1024 S I 75 Business Loop, Grayling, MI 49738

    $694,900
    4.86 AC lot

    A 22-unit motel property on 4.86 acres with a connected 1,800 sq ft residence and extensive parking.

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 4 Active listings in Grayling, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Lakeside Cabins Investment Property
    Lakeside Cabins Investment Property

    11586 N Old 27, Frederic, MI 49733

    $950,000
    4,077 sqft

    Turn-key Northern Michigan resort with strong income potential.

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    Two-Unit Residential Income Duplex
    Two-Unit Residential Income Duplex

    632 & 642 Sharon St, Gaylord, MI 49735

    $365,000
    1,927 sqft

    Duplex on one parcel with two separate residences and a shared well, each with its own septic system.

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    Lakefront Cottage Quadplex
    Lakefront Cottage Quadplex

    3551 W Otsego Lake Dr, Gaylord, MI 49735

    Contact for pricing
    3,169 sqft 2.40 AC lot

    Four cottages on sandy Otsego Lake frontage, featuring a shared storage garage and private water and septic systems.

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    Turnkey Restaurant & Bar Property
    Turnkey Restaurant & Bar Property

    6516 N Old 27, Frederic, MI 49733

    $525,000

    Turnkey restaurant and bar with fully equipped kitchen, liquor licenses, generator, and income-producing apartments upstairs.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Traverse City Land with Utilities
    Traverse City Land with Utilities

    4866 Luanne Lane, Traverse City, MI 49685

    $59,000
    0.52 AC lot

    Half-acre lot with well, septic, gas, and electric hookup.

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    Private Campground Lot with Hookups
    Private Campground Lot with Hookups

    4537 Pine Run, Farwell, MI 48622

    $41,500
    0.75 AC lot

    Residentially zoned camping lot with three 30-amp electric hookups and septic connections, already prepped with pads.

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    Elevated Farmland Development Parcel
    Elevated Farmland Development Parcel

    Parcel C E Duck Lake Road, Suttons Bay, MI 49682

    $2,600,000
    74.20 AC lot

    Developable farmland parcel offers ridge-top elevation and multi-directional water views near Suttons Bay.

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    Recreational Lot with Boat Slip
    Recreational Lot with Boat Slip

    831 S Main Street, Au Gres, MI 48703

    Contact for pricing
    0.01 AC lot

    Recreational condo lot at Sleepy Oaks Harbour with a boat slip for up to a 25' boat and associated trailer improvements.

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    Off-Market Properties in Grayling, MI

    Consider similar Off-Market properties in Grayling, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Brighton Cir
    Multifamily properties

    0 Brighton Cir, Grayling, MI 49738

    Value Estimation by Request
    65.00 AC lot
    View details

    Grayling, MI Multifamily Properties Market Trends and Statistics

    Explore 5 multifamily properties for sale in Grayling, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 16,946 square feet of properties for sale, with an estimated market value of $3,523,800.

    Sale prices for multifamily properties in Grayling, MI start at $299,900, averaging $880,950, and reaching up to $1,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 2
    Duplexes 1
    Short term rental properties 1
    Triplexes 1

    Demographics Overview

    Population 9,599
    Population Growth (5Y) +0.0%
    Median Household Income $57,573
    College Educated 14.6%

    High-Yield Neighborhoods for Investment

    Identify Grayling submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49738 $881K

    Taxes & Financing

    Tax Rate (average for all types) 2.14%
    Property Tax per SF $79.70 per SF
    Average Loan-to-Value 65.0%

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