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    OFF-MARKET
    Commercial real estate

    483 I-75 Business Loop, Grayling, MI 49738

    5,000 SF
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 5,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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