Realmo Analytics

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Property profile

2123 Industrial Dr Grayling, MI 49738

OFF-MARKET
Bars & Pubs
Property ID
US43-3220347
7,247 SF 1.29 ac lot
Last sale Feb 2023 · $250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A commercial property previously operated as the Gray Rock Bar & Grill, located at 2123 Industrial Dr in Grayling’s Industrial Park. The building contains approximately 6,460 square feet and sits on about 1.28 acres. It is configured to support food-and-beverage use, including a restaurant and bar concept, while also offering flexibility for other compatible commercial uses subject to applicable approvals. Access is provided from Industrial Drive, which connects M-72 to 4 Mile Road, supporting…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value · 2024$140k
Assessed land$29k
Assessed improvement$111k
Effective rate2.05%

Value estimate

· Nov 2026
$235k
$212k – $259k
AI approach$230k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-1
General categoryCOMMERCIAL
JurisdictionCRAWFORD

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office9.9
Building Supply9.5
Garden Center9.1

Location

2123 Industrial Dr Grayling, MI 49738-7849
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
234 Michigan, Grayling, MI 49738-1749 $267,500 Feb 2025 4,324 SF
501 James, Grayling, MI 49738 $250,000 Feb 2025 6,675 SF
6811 M 72nd, Grayling, MI 49738-7463 $200,000 Oct 2024 5,200 SF
600 James, Grayling, MI 49738-1716 $127,500 Sep 2021 4,920 SF
117 Michigan, Grayling, MI 49738-1740 $165,000 Mar 2021 4,628 SF
471 Stephan Brg, Grayling, MI 49738-9594 $800,000 Dec 2020 6,862 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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