Grayling, MI
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    Grayling, MI Multifamily Properties for Sale

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    Frederic, MI Roscommon, MI Kalkaska, MI
    Turnkey Income Property with On-Site Living
    $779,000
    15,026 SF
    Turnkey Income Property with On-Site Living

    615 S I 75 Business Loop, Grayling, MI 49738

    Diversified income property featuring apartments, motel, and commercial building.
    • Includes four 2‑bedroom condo‑style apartments with attached garages, plus an additional 2‑bedroom unit with private entrance and a 2‑bedroom owner’s residence.
    • Hospitality setup with 23 motel rooms: 4 jacuzzi suites and 8 kitchenette units for nightly and extended‑stay guests.
    • Separate commercial building on‑site for additional rental income or business use.
    • New roofs throughout; underground sprinkler system to support the property grounds.
    • Well and septic tank utilities, with cable available and broadband access; heating via space heater.
    Updated: Jan 20
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 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.

    Otsego Lake Multifamily Cottage Property
    $895,000
    3,169 SF
    Otsego Lake Multifamily Cottage Property

    Unique multifamily property on Otsego Lake with rental history.

    3551 W Otsego Lake Drive, Gaylord, MI 49735

    View details
    Restaurant, Bar, and Apartments
    $525,000
    5,167 SF
    Restaurant, Bar, and Apartments

    Established restaurant and bar with additional income from apartments.

    6516 N Old 27, Frederic, MI 49733

    View details
    Lakeside Cabins Investment Property
    $950,000
    4,077 SF
    Lakeside Cabins Investment Property

    Turn-key Northern Michigan resort with strong income potential.

    11586 N Old 27, Frederic, MI 49733

    View details
    Gaylord Commercial Opportunity For Sale
    $289,000
    Gaylord Commercial Opportunity For Sale

    Fourplex and office building with development potential on South Otsego.

    2258 S Otsego Avenue, Gaylord, MI 49735

    View details

    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.

    Breathtaking Farmland Development Opportunity
    $2,950,000
    74.20 Acres
    Breathtaking Farmland Development Opportunity

    72 acres of high-elevation farmland with sweeping, multi-directional views.

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

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    Recreational Land in Gated Community
    $44,000
    0.75 Acres
    Recreational Land in Gated Community

    0.75-acre lot with hookups in White Birch Lakes Association.

    4537 Pine Run, Farwell, MI 48622

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    Improved Marina Condominium Lot
    Contact for pricing
    0.01 Acres
    Improved Marina Condominium Lot

    Includes a boat slip and improved trailer setup for low-maintenance seasonal recreation near Au Gres amenities.

    831 S Main Street, Au Gres, MI 48703

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    Residential Land in Riverdale
    Contact for pricing
    0.67 Acres
    Residential Land in Riverdale

    Vacant residential land suitable for building or mobile home placement.

    TBD N Lumberjack Road, Riverdale, MI 48877

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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
    Lot: 65.00 Acres
    Value Estimation by Request
    Brighton Cir

    0 Brighton Cir, Grayling, MI 49738

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    Grayling, MI Multifamily Properties Investment Opportunities Market Analysis

    Explore 2 multifamily properties for sale in Grayling, MI on our real estate platform. These investment opportunities span a total of 15,026 square feet of properties for sale, with an estimated market value of $779,000.

    Sale prices for multifamily properties in Grayling, MI start at $779,000, averaging $779,000, and reaching up to $779,000 — 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 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 $779K

    Taxes & Financing

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

    Listings Trend

    New vs delisted commercial listings in Crawford County

    New Delisted

    Total CRE Inventory on Market (SF)

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