615 I-75 Business LoopGrayling, MI 49738

Property Details for 615 I-75 Business Loop

Year built

1970

Lot size

25.00 AC

Property size (Sq ft)

16,000 SF

Property type

Investment properties

Description

This exceptional investment opportunity encompasses 25 acres in Grayling, MI, featuring a diverse portfolio of income-generating properties. The core of the offering is a 23-room motel, with four rooms boasting Jacuzzis and eight equipped with kitchenettes. The majority of the motel rooms (19) are currently leased as extended-stay units, providing a stable revenue stream. In addition to the motel, the property includes four two-bedroom condo-style apartments, offering further rental income potential. A commercial building, currently leased to a resale shop, adds to the diversified income streams. The property also boasts extensive outbuildings, including a large pole barn/garage and eight additional structures. A significant feature is a substantial amount of land, providing ample space for expansion or future development. Further enhancing the property's appeal are amenities such as a two-bedroom apartment above the driveway, a two-bedroom owner's quarters, a negotiable tiny house, a cabin currently under a rent-to-own agreement, a screen house, a fire pit, three BBQ grills, and a sprinkler system. The total square footage of the buildings is 16,000 square feet. This multifaceted property presents a rare chance to acquire a substantial and established business with significant upside potential. The asking price for this turnkey operation is $1,200,000.

Location Insight

City

Grayling

County

Crawford

State

Michigan

Latitude

44.6763

Longitude

-84.717

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