Technical
Financial
Distress signals
Property profile

8722 Us Highway 31 Grawn, MI 49637

FOR SALE
Other retail properties
Property ID
US43-2452267
6,720 SF 0.76 ac lot Built 1994
Individually Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This quality-built flex/commercial property offers a combination of open-plan interior space and enclosed offices, with a commercial foyer entrance and a main floor layout that includes two bathrooms, a full kitchen, and front space configured as retail/office use. In the rear, the building features 12-foot overhead garage doors for equipment access into a larger high-ceiling work area, plus an additional side garage door entrance. The second floor provides additional interior space and was plumbed for an apartment-style setup, including a kitchen and bathroom, a deck overlooking the wooded rear lot, and a separate entrance. Mechanical systems include a hot water boiler with radiant heat, and the building includes metallic cabling and optic cable wiring. The property is accessed via a cement approach with curbing and includes ample on-site parking, with room for expansion on the front side. It is located on US-31 in Green Lake Township along a high-traffic corridor.

Property profile

Verified
Property type Other retail properties
Use group DEPARTMENT STORE
Year built 1994
Total area 6,720 SF
Lot 0.76 ac (32,975 SF)
APN 07-010-012-00
UPID US43-2452267

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8722 Us Highway 31 Grawn, MI 49637
Grawn metro Census 550802 TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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