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    Property profile & analytics

    228 Michigan Ave Grayling, MI 49738-1747

    • Retail space
    • 1,227 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Last Sale
    Apr 09, 2024
    Location Intelligence
    Property ID
    US43-2988777
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Drake's Fly Shop / Fishing Store / Fishing Charter

    Property Details for 228 Michigan Ave

    Year built
    1920
    Lot size
    0.07 lot acres
    Property size
    1,227 SF
    Zone code
    CBD
    Property type
    Retail space
    APN
    070-100-016-006-00
    APU
    7010001600600

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grayling
    County
    Crawford
    State
    Michigan
    Longitude
    -84.7138
    Latitude
    44.6617

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,228
    $2,700
    $69,200
    $71,900
    -
    $5,400
    $138,400
    $143,800

    Comparable in this City

    • Value Estimation by Request
      1,092 SF

      208 Michigan Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,092 SF
      208 Michigan Ave, Grayling, MI 49738-1747
      View Details
    • Value Estimation
      $400,000
      2,460 SF

      313 James St

      RETAIL STORES (PERSONAL SERVICES) • 2,460 SF
      313 James St, Grayling, MI 49738-1817
      View Details
    • Value Estimation
      $365,000
      5,376 SF

      525 I 75th Business Loop

      RETAIL STORES (PERSONAL SERVICES) • 5,376 SF
      525 I 75th Business Loop, Grayling, MI 49738-6706
      View Details
    • Value Estimation
      $360,000
      6,888 SF

      6041 M 72nd Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,888 SF
      6041 M 72nd Hwy, Grayling, MI 49738-7780
      View Details
    • Value Estimation
      $425,000
      12,200 SF

      6351 M 72nd Hwy

      RETAIL STORES (PERSONAL SERVICES) • 12,200 SF
      6351 M 72nd Hwy, Grayling, MI 49738-7786
      View Details
    • Value Estimation
      $145,000
      3,450 SF

      127 Michigan Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,450 SF
      127 Michigan Ave, Grayling, MI 49738-1740
      View Details

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    Similar Nearby for Lease

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    228 Michigan Ave
    Grayling, MI 49738-1747
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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