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    Property profile & analytics

    758 Isenhauer Rd Grayling, MI 49738

    • Manufacturing properties
    • 23,920 SF
    • 8.55 lot acres
    For Lease
    View listing
    $4 SF/Yr
    Value Estimation
    $640,000
    Location Intelligence
    Property ID
    US43-2933311
    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

    • Manufacturing properties

    Property Details for 758 Isenhauer Rd

    Lot size
    8.55 lot acres
    Property size
    23,920 SF
    Zone code
    C-2
    Property type
    Manufacturing properties
    APN
    040-41-005-12-025-00
    APU
    40410051202500

    Description

    This exceptional 46,820-square-foot industrial property in Grayling, Michigan, presents a unique opportunity. Situated on 8.55 acres adjacent to I-75 (Exit 256), this former metal fabrication plant offers a versatile space for various commercial ventures. The property features two single-story buildings totaling 46,820 square feet, constructed in 1996 and classified as Class B. The main building boasts a fully insulated L-shape design with a 22-foot ceiling height, ten drive-in doors, and ample yard space. Specialized features include an explosion-proof painting/application area, multiple air recovery systems, and multiple overhead cranes within both buildings. Supporting office space, a breakroom, mezzanine office, and mezzanine storage are also included. Utilities include 3-phase electric, natural gas, well water, and a private septic system. The property is zoned for industrial use and its Crawford County APN is 040-41-005-12-025-00. This property is available for lease, and also for sale.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $595,000

    • CAP approach

      CAP return
      Estimation
      6%
      $835,000
      6.5%
      $865,000
      7%
      $900,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $825,000
      Geo Method
      $815,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $820,000
      Retail
      $975,000
      Mixed-Use
      $835,000
      Hospitality
      $790,000
      Educational
      $870,000
      Residential Income
      $865,000
      Energy
      $900,000
      Income-Based Land
      $735,000
      Food Service
      $955,000

    Location Insight

    • Map
    • Local Demand
    City
    Grayling
    County
    Crawford
    State
    Michigan
    Longitude
    -84.6995
    Latitude
    44.6746

    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
    $12,322
    $46,800
    $393,600
    $440,400
    -
    $93,600
    $787,200
    $880,800

    Comparable in this City

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    • Value Estimation by Request
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      2332 Dupont St

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    • Value Estimation
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      139,593 SF

      2669 Industrial Dr

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      2669 Industrial Dr, Grayling, MI 49738-7004
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    • Value Estimation
      $270,000
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      2268 Industrial Dr

      MANUFACTURING (LIGHT) • 12,140 SF
      2268 Industrial Dr, Grayling, MI 49738-7849
      View Details
    • Value Estimation
      $945,000
      78,160 SF

      2211 Industrial Dr

      MANUFACTURING (LIGHT) • 78,160 SF
      2211 Industrial Dr, Grayling, MI 49738-7849
      View Details

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    Similar Nearby for Lease

    • $4 SF/Yr
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      Grayling Industrial Building Near I-75

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      Grayling Industrial Property For Lease

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    • Contact for pricing
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    Grayling, MI 49738
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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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