Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    234 Michigan Ave Grayling, MI 49738-1749

    • Strip malls
    • 4,324 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $270,000
    Last Sale
    Feb 26, 2025
    $267,500
    Location Intelligence
    Property ID
    US43-3292184
    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

    • Grayling Regional Chamber of Commerce / Visitor Center / Business Development Service
    • Grayling Visitors Bureau / Tourist Information Center
    • AuSable River Festival / Non-Profit Organization
    • State Savings Bank Loan Center / Mortgage Lender
    • Beltone Skoric Hearing Aid Center / Hearing Aid Store / Deaf Service

    Property Details for 234 Michigan Ave

    Year built
    1954
    Lot size
    0.11 lot acres
    Property size
    4,324 SF
    Zone code
    CBD
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    070-100-016-005-00
    APU
    7010001600500

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $355,000
      6.5%
      $355,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $350,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $305,000
      Retail
      $290,000
      Mixed-Use
      $350,000
      Hospitality
      $275,000
      Educational
      $320,000
      Residential Income
      $280,000
      Energy
      $265,000
      Income-Based Land
      $320,000
      Food Service
      $350,000

    Location Insight

    • Map
    • Local Demand
    City
    Grayling
    County
    Crawford
    State
    Michigan
    Longitude
    -84.7137
    Latitude
    44.6618

    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
    $5,589
    $4,100
    $137,200
    $141,300
    -
    $8,200
    $274,400
    $282,600

    Comparable in this City

    • Value Estimation
      $400,000
      5,500 SF

      100 Ottawa St

      SHOPPING CENTER, STRIP CENTER • 5,500 SF
      100 Ottawa St, Grayling, MI 49738-1737
      View Details
    • Value Estimation
      $1,190,000
      35,080 SF

      2333 I 75th Business Loop

      SHOPPING CENTER, STRIP CENTER • 35,080 SF
      2333 I 75th Business Loop, Grayling, MI 49738-6762
      View Details
    • Value Estimation
      $190,000
      4,628 SF

      117 Michigan Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 4,628 SF
      117 Michigan Ave, Grayling, MI 49738-1740
      View Details
    • Value Estimation
      $450,000
      16,800 SF

      500 Norway St

      WHOLESALE OUTLET, DISCOUNT STORE • 16,800 SF
      500 Norway St, Grayling, MI 49738-1720
      View Details
    • Value Estimation
      $270,000
      4,450 SF

      2525 I 75th Business Loop

      WHOLESALE OUTLET, DISCOUNT STORE • 4,450 SF
      2525 I 75th Business Loop, Grayling, MI 49738-2009
      View Details
    • Value Estimation
      $410,000
      4,080 SF

      200 James St

      WHOLESALE OUTLET, DISCOUNT STORE • 4,080 SF
      200 James St, Grayling, MI 49738-1843
      View Details

    Similar Nearby for Sale

    • $380,000
      5,300 SF

      Visible Highway Frontage in Grayling

      5300 sq ft commercial building with highway frontage.
      1081 I-75Bl, Grayling, MI 49738
      View Details
    • $469,900
      5,300 SF

      Grayling Commercial Property - Huge Potential

      5,300 SF Restaurant/Office Space
      1081 I-75Bl, Grayling, MI 49738
      View Details
    • $495,000

      Established Restaurant/Bar in Grayling, MI

      Thriving restaurant/bar with high traffic and growth potential.
      6811 W M 72 Hwy, Grayling, MI 49738
      View Details
    • $660,000
      2,300 SF

      Iconic Riverfront Business Opportunity

      Thriving canoe livery with retail, equipment, and vacation rental.
      100 State St, Grayling, MI 49738
      View Details
    • $850,000
      10,240 SF

      Grayling Motel: I-75 Business Loop

      Established Motel, 21 Units, 4.83 Acres
      1024 I 75 Business Loop, Grayling, MI 49738
      View Details
    • Contact for pricing

      Wooded Lot on Golf Course

      Wooded lot with building potential near Grayling and Higgins Lake.
      Fairway Ct, Grayling, MI 49738
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,657 SF

      Grayling Retail Center Opportunity

      Prime Grayling retail space, multiple units available.
      201 Ionia St, Grayling, MI 49738
      View Details
    • $4 SF/Yr
      46,820 SF

      Grayling Industrial Building Near I-75

      High-quality industrial building near I-75 in Grayling, Michigan.
      758 Isenhauer Rd, Grayling, MI 49738
      View Details
    • $5 SF/Yr
      46,820 SF

      Grayling Industrial Property For Lease

      8.5-acre manufacturing plant, 46,820 sq ft.
      758 Isenhauer Rd, Grayling, MI 49738
      View Details
    • $7 SF/Yr

      Industrial Land Near Arauco

      40+ acres for particleboard distribution, manufacturing, and production.
      4623 Young Rd, Grayling, MI 49738
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    234 Michigan Ave
    Grayling, MI 49738-1749
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.