483 I-75 Business Loop Grayling, MI 49738
- Commercial real estate
- 5,000 SF
Current Use by Public Records
- Commercial real estate
Property Details for 483 I-75 Business Loop
- Property size
- 5,000 SF
- Property type
- Commercial real estate
Description
This exceptional 5,000 square foot property located at 483 I-75 Business Loop in Grayling, Michigan presents a unique investment opportunity. The main building is ideally suited for a repair shop, featuring two oversized front garage doors and a large (14 x 50 ft) pass-through door to a rear addition. The open-plan showroom area provides ample space for customer interaction, while the rear offers extensive storage for parts and supplies. A separate house/office is included, offering significant rental income potential or comfortable living quarters. This versatile property boasts recently installed upgrades, including a brand-new septic system (drainfield and tank), and updated plumbing throughout both the shop and the residential unit. All steel doors on both the shop and the house have been replaced, complete with new handles and locks. The property sits on a 0-acre lot, providing convenient access and minimal land maintenance. This turnkey operation is ready for immediate occupancy and offers a compelling blend of commercial and residential possibilities. The combination of a well-equipped shop and a separate rental unit makes this an attractive investment for those seeking both income generation and operational space. The recent upgrades significantly reduce future maintenance concerns, ensuring a smooth transition for the new owner.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grayling
- County
- Crawford
- State
- Michigan
- Longitude
- -84.7174
- Latitude
- 44.678