1081 I-75Bl Grayling, MI 49738
This exceptional 5,300 square foot commercial property, located at 1081 I-75BL in Grayling, Michigan (APN 070-200-027-007-00), presents a remarkable investment opportunity. Boasting high visibility due to its prominent highway frontage, this versatile space offers endless possibilities for a variety of businesses. Currently configured as a beauty college, the building has a rich history, previously operating as a restaurant. Its adaptable layout allows for easy division into two separate units, each with independent utility access. The property features updated lighting, a large paved parking lot, and an enclosed front screened deck. A full basement provides ample storage and potential for additional space, such as a meeting room or even living quarters, ideal for owner-operators. The property is zoned for commercial use and is situated in the city of Grayling, Crawford County, Michigan, 49738. Multiple entry accesses enhance functionality and convenience. This prime location, combined with the building's flexible design and substantial square footage, makes it an ideal choice for a wide range of commercial ventures, including restaurants, offices, or retail establishments. Don't miss this chance to acquire a highly visible and adaptable property in a thriving Michigan community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.