Property summary
This exceptional 65-acre mobile home and RV park in Grayling, Michigan, presents a compelling value-add opportunity. Currently licensed for 49 lots, the park boasts 9 long-term tenants, leaving 40 available sites. Situated conveniently near US-75, it's less than two miles from two state parks and two lakes, and just 15 minutes from Gaylord. The property includes two buildings and benefits from its proximity to a major military base, anticipating 150,000 troops. The park features its own private utilities, making it attractive to both homeowners and RVers. With 65 acres of land, there's significant potential for expansion and development. The existing infrastructure, combined with the high demand for recreational properties in this desirable location, creates a strong foundation for future growth. A separately negotiable phone tower lease adds further income potential. This is an ideal investment for a visionary entrepreneur seeking to capitalize on the substantial value-add potential of this well-positioned property. The property's APN is 040-44-029-07-030-00, 040-44-029-07-0303-01. The asking price is $995,000.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
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