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Property profile & analytics
OFF-MARKET Estimated value $720,000
Warehouses

230 Huron St Grayling, MI 49738-1993

15,196 SF 2.54 ac lot Built 1968
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US43-3308388
Property summary
AI-generated overview

This exceptional Grayling, MI investment opportunity encompasses three buildings totaling 15,947 square feet on a highly visible 230 Huron St. location. Building 1, the largest at 8,760 square feet, offers a versatile layout including 23 offices, a sizable conference room, and ample space for cubicles, ideal for executive office space. Building 2, situated at the rear, is currently configured as 24 storage units, a mix of 5 smaller units at the front and 19 larger units with convenient garage doors. Building 3 provides a single, expansive 3,773-square-foot area, ready for customization. The property benefits from a prime location near a busy intersection with over 6,300 estimated daily vehicle counts (CARS 2022), presenting strong rental income potential. Recent building improvements include the replacement of four furnaces, a furnace/AC unit, and a heat pump. Built in 1980, this property presents a blank canvas for new owners, offering diverse income streams and significant upside potential. The current owner is retiring and seeking a buyer for this exceptional opportunity.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1968
Total area 15,196 SF
Lot 2.54 ac (110,642 SF)
Zoning code C-3B
APN 070-017-006-040-01
UPID US43-3308388
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$720k
Owner & transaction history
Grayling Corner Building LLC
Grayling Corner Building LLC
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
C-3B · Grayling, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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