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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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1024 I-75 Business , Grayling, MI 49738
$694,900
Est. Payment: $1,544.22/mo
0 Bed
24 Bath
10261 Sqft
Status: Active | Days on site: 22
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House Description

The possibilities are endless with this well-maintained gem. Located in Grayling, the gateway of the North. Minutes from Gaylord, MI, and an easy drive to Traverse City. Grayling, MI, is a small town that is experiencing some nice growth due to the Air Force Base, New Restaurants, New housing developments, etc. It makes a great place to stay with its proximity to the tip of the Mitt, and both NE & NW Michigan. This 22-unit motel has been very well maintained throughout the years, with a steady stream of patrons. Owned and cared for for over 30 years, it's time to hand the investment over to a new owner. Situated on 4.86 acres, on a main thoroughfare, with easy access to I-75, but set back enough for a peaceful setting. It features: a standalone building with 7 kitchenette units, that could be used for long term rental, for a constant cash flow, plus an 1800 sq ft home connected to the main motel, that features: a large master suite, cathedral ceilings, and a large kitchen and living area. Lots of parking, a large maintenance building that could be used for on-site laundry, and more. Priced accordingly for some of the decor that could use an update. All showings must present an approval letter or proof of funds.

Highlights

Listed by Thomas A Rumble , 616-250-6751 EXP Realty LLC , 269-600-4397.

Property Type

Commercial Sale

Lot/Acreage
4.86

Year Built

1950

County

Crawford

Area

Outside MichRIC Area - Z

School District

Grayling

Listing ID

25053532

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:24
  • Full Bathrooms:24
Air Cond:Wall Unit(s)
Fireplaces:
Other:
  • Additional:Broadband

Exterior Features

Garage Capacity:40
Roof:Composition
Sewer:Septic Tank
Principal Interest
$1,544
Taxes
$657

Home Price

$694,900

Loan Details

30 yrs
%

Down Payment

20%
$138,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,544.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,544.22 $656.58 $0.00 $2,200.81
Yearly $18,530.67 $7,879.00 $0.00 $26,409.67
Total $555,920.00 $236,370.00 $0.00 $792,290.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Grayling, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.