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Property profile & analytics
OFF-MARKET
Office Spaces

5688 M-72 Hwy Grayling, MI 49738

Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 5688 W M-72 Highway in Grayling, Michigan, 49738, presents a unique investment opportunity. Situated on a 34,000 square foot lot, this office building boasts high visibility from the busy M-72/M-93 intersection, with over 10,000 cars passing daily (2022 traffic counts). The building itself features 14 private offices arranged in three distinct sections, providing flexibility for single or multiple occupancy. Additional amenities include a copy/work room, three private restrooms, a small kitchen, and two reception/lobby areas. The layout allows for easy adaptation to accommodate three separate businesses, each with its own restroom and reception area, or a co-working space. Modern conveniences include fast fiber optic internet access, redundant heating systems, and full air conditioning. Ample paved parking is available on this drive-through property. The seller is open to a lease-back agreement for one-third of the building. This property offers significant potential for a variety of commercial uses and is conveniently located off the I-75 Business Loop in Grayling. The building's prime location and versatile design make it an attractive option for businesses seeking high visibility and functional workspace.

Property profile
Verified
Property type Office Spaces
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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