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

    403 Michigan Ave Grayling, MI 49738-1644

    • Office buildings
    • 1,979 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 16, 2025
    $38,500
    Location Intelligence
    Property ID
    US43-2890184
    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

    • Office buildings

    Property Details for 403 Michigan Ave

    Lot size
    0.20 lot acres
    Property size
    1,979 SF
    Zone code
    C-1
    Property type
    Office buildings
    APN
    070-100-010-011-00
    APU
    7010001001100

    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
    -84.7131
    Latitude
    44.6631

    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
    $2,258
    $6,200
    $56,200
    $62,400
    -
    $12,400
    $112,400
    $124,800

    Comparable in this City

    • Value Estimation
      $280,000
      1,253 SF

      120 Michigan Ave

      OFFICE BUILDING • 1,253 SF
      120 Michigan Ave, Grayling, MI 49738-1741
      View Details
    • Value Estimation
      $360,000
      6,480 SF

      205 Mdws Dr

      OFFICE BUILDING • 6,480 SF
      205 Mdws Dr, Grayling, MI 49738-2014
      View Details
    • Value Estimation
      $500,000
      6,526 SF

      1680 Hartwick Pnes Rd

      OFFICE BUILDING • 6,526 SF
      1680 Hartwick Pnes Rd, Grayling, MI 49738-9237
      View Details
    • Value Estimation
      $300,000
      5,280 SF

      5799 M 72nd Hwy

      OFFICE BUILDING • 5,280 SF
      5799 M 72nd Hwy, Grayling, MI 49738-8017
      View Details
    • Value Estimation
      $380,000
      3,200 SF

      5728 M 72nd Hwy

      OFFICE BUILDING • 3,200 SF
      5728 M 72nd Hwy, Grayling, MI 49738-7461
      View Details
    • Value Estimation by Request
      816 SF

      1305 I 75th Business Loop

      OFFICE BUILDING • 816 SF
      1305 I 75th Business Loop, Grayling, MI 49738-2032
      View Details

    Similar Nearby for Sale

    • $800,000
      11,872 SF

      Grayling Medical/Dental Office Building

      Large medical office building with solid tenant in Grayling, MI.
      1010 North Down River Rd, Grayling, MI 49738
      View Details
    • $249,900
      3,408 SF

      Grayling Office Building - High Visibility

      Prime Office Space, High Traffic Area, MI
      5688 M-72 Hwy, Grayling, MI 49738
      View Details
    • $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
    • $484,000

      Grayling Commercial Land - I-75

      Prime I-75 frontage, buildable lot.
      I-75 Business Loop, Grayling, MI 49738
      View Details
    • $2,999,000
      46,820 SF

      Prime Grayling Industrial Facility

      8.5-Acre Manufacturing Plant - Vacant
      758 Isenhauer Rd, 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
    • $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
    • $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
    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.
    403 Michigan Ave
    Grayling, MI 49738-1644
    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.