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Property profile & analytics
OFF-MARKET
Office Spaces

5688 M-72 Hwy Grayling, MI 49738

3,408 SF 0.78 ac lot Built 1976
Property ID
Property summary
AI-generated overview

This exceptional 3,408 square foot office building in Grayling, Michigan, presents a unique investment opportunity. Strategically located on the busy M-72 Highway near M-93, it boasts high visibility and significant signage potential. Daily traffic counts exceeding 10,000 vehicles (2022 data) ensure maximum exposure for your business. The building features 14 private offices arranged in three distinct sections, offering flexibility for multiple tenants or a single large occupant. A convenient copy/work room, three private restrooms, a small kitchen, and two reception/lobby areas add to the functionality. The layout is easily adaptable to accommodate three separate businesses, each with its own restroom and reception area, or a co-working style setup. Modern amenities include fast fiber optic internet access, redundant heating systems for reliable climate control, and full air conditioning. Ample paved parking is available on this drive-through property. The 0.78-acre lot provides ample space. The sellers are open to a lease-back arrangement for one-third of the building, offering a potential income stream. This property is priced at $249,900.

Property profile
Verified
Property type Office Spaces
Year built 1976
Total area 3,408 SF
Lot 0.78 ac (33,977 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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