230 Huron St Grayling, MI 49738-1993
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C-3B · Grayling, MIGrayling. Always verify with local authorities before improvements.
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.