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    Grayling, MI
    Residential Income

    Grayling, MI Residential Income Properties for Sale

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    Frederic, MI Roscommon, MI Kalkaska, MI Gaylord, MI Mancelona, MI Houghton Lake, MI Luzerne, MI Houghton Lake Heights, MI
    Ranch Triplex on AuSable River
    Updated: Jun 25
    Ranch Triplex on AuSable River

    101 Milltown Court, Grayling, MI 49738

    $299,900
    1,920 sqft
    1,920‑square‑foot ranch‑style triplex
    Three units currently occupied on month‑to‑month agreements
    Unit mix includes two 2‑bedroom units and one 1‑bedroom unit
    Located along the AuSable River at 101 Milltown Court
    Natural gas forced‑air heating
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    Riverside Cabin Resort
    Updated: Oct 17, 2025
    Riverside Cabin Resort

    5973 W M-72 Highway, Grayling, MI 49738

    $850,000
    16.00 AC lot
    7 furnished cabins on 16 wooded acres
    More than 1,000 feet of AuSable River frontage
    Pavilion accommodates seating for 80
    On‑site caretaker apartment included
    Kayak/canoe launch, spring‑fed pond, trails, and ceremony area
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    Mixed-Use Building with Studio Apartments
    Mixed-Use Building with Studio Apartments

    106 E Michigan Avenue, Grayling, MI 49738

    $474,900
    3,590 sqft

    Two upper-level studio units are leased, and the commercial space includes a partially equipped kitchen.

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Three-Unit Riverfront Triplex
    Three-Unit Riverfront Triplex

    101 Milltown Court, Grayling, MI 49738

    $299,900
    1,920 sqft

    All three apartments are occupied under month-to-month agreements, with a mix of one- and two-bedroom layouts.

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    4 active listings match your search: Residential Income for sale in Grayling, MI. Based on your search, we've also compiled 9 Potential Opportunities for your consideration: 4 properties in nearby cities, 1 off-market property to explore as potential leads, and 4 land listings with development potential.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Lakeside Cabin Resort
    Lakeside Cabin Resort

    11586 N Old 27, Frederic, MI 49733

    $950,000
    4,077 sqft

    Eight-cabin lodging property with lake access, recreational amenities, and year-round rental use.

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    Restaurant and Bar with Apartments
    Restaurant and Bar with Apartments

    6516 N Old 27, Frederic, MI 49733

    $525,000
    5,167 sqft 0.40 AC lot

    Fully equipped kitchen, licensed bar, and separate-entry upstairs apartments create a versatile commercial layout.

    View details
    Two-Unit Duplex with Covered Porches
    Two-Unit Duplex with Covered Porches

    447 & 449 S Main Street, Roscommon, MI 48653

    $279,900
    1,536 sqft

    Two-bedroom residences include laundry hookups, vinyl flooring, and natural gas forced-air furnaces.

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    Newly Built Duplex with Porches
    Newly Built Duplex with Porches

    447-449 S Main St, Roscommon, MI 48653

    $279,900

    Two updated rental units offer practical layouts, private laundry hookups, and covered entry porches.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Wooded Lots Near Grayling
    Wooded Lots Near Grayling

    V/L L71-75 Evergreen Drive lot: S 71-75, Grayling, MI 49738

    $39,900

    Five wooded lots ready for your dream home.

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    Grayling Vacant Land Near Lake
    Grayling Vacant Land Near Lake

    Battalion Boulevard, Grayling, MI 49738

    Contact for pricing
    0.34 AC lot

    Vacant land near Lake Margrethe with access to trails.

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    Wooded Land Near Higgins Lake
    Wooded Land Near Higgins Lake

    Pocahontas Trail lot: 6, Roscommon, MI 48653

    Contact for pricing
    0.70 AC lot

    Vacant 0.7 acre wooded parcel near Higgins Lake State Park.

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    Wooded Lot Near Lakes
    Wooded Lot Near Lakes

    Fascination Drive lot: 222, Frederic, MI 49733

    Contact for pricing
    0.86 AC lot

    0.86-acre lot with lake access and community amenities.

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    Off-Market Properties in Grayling, MI

    Consider similar Off-Market properties in Grayling, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Brighton Cir
    Multifamily properties

    0 Brighton Cir, Grayling, MI 49738

    Estimated value: by Request
    65.00 AC lot
    View details

    Grayling, MI Residential Income Properties Market Trends and Statistics

    Explore 5 residential income properties for sale in Grayling, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 7,430 square feet of properties for sale, with an estimated market value of $1,924,700.

    Sale prices for residential investment properties in Grayling, MI start at $299,900, averaging $481,175, and reaching up to $850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 5
    Triplexes 2
    Duplexes 1
    Short term rental properties 1

    Demographics Overview

    Population 9,599
    Population Growth (5Y) +0.0%
    Median Household Income $57,573
    College Educated 14.6%

    High-Yield Neighborhoods for Investment

    Identify Grayling submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49738 $523.9K

    Taxes & Financing

    Tax Rate (average for all types) 2.14%
    Property Tax per SF $79.70 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Crawford County

    New Delisted

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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    Popular Searches in Grayling, MI

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    Most Searched ZIP Codes in Grayling, MI

    • 49738

    Featured Grayling Real Estate Agencies

    Realmo connects you with licensed Grayling CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Premier Waterfront Realty
    2375 S I-75 Business Loop Grayling, MI 49738
    Phone: (989) 348-9199
    www.premierwaterfrontproperty.com
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