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Kyra Page

kyra@fortyfivenorthre.com +1(989) 464-3071

Listed by Michelle Millikin • Homewaters, L.L.C. Grayling

$ 474,900

Est. payment | -/mo

3,590 SqFt

Save

$ 474,900

Est. payment | -/mo

Save

3,590 SqFt

Key Details

Property Type Commercial

Sub Type Business Op

Listing Status Active

Purchase Type For Sale

Square Footage 3,590 sqft

Price per Sqft $132

Subdivision City Of Grayling

MLS Listing ID 201841011

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 0.1

Property Sub-Type Business Op

Source Water Wonderland Board of REALTORS®

Property Description

Located in the heart of vibrant downtown Grayling, the Michigan Brew Building offers an exceptional investment opportunity that combines both commercial and residential spaces. Completely remodeled in 2020, this property features a modern design with state-of-the-art finishes throughout, making it a standout in the area. The upper level includes two well-appointed studio apartments, each with a lease in place, generating a consistent rental income of $2,450 per month. These apartments provide a reliable revenue stream and are perfect for long-term tenants seeking the convenience of downtown living. The building also includes a spacious basement with ample storage space and a walk-in cooler, which adds versatility for potential business operations or future expansion. The kitchen is partially equipped with most of the necessary appliances, making it an ideal setup for a restaurant, brewery, or similar ventures. With the Sawmill Loft development underway next door, this location is positioned for growth, and the area is expected to see increased foot traffic and visibility, further enhancing the property's value.
Whether you're looking to capitalize on immediate rental income, start your own business, or secure a property in a rapidly growing area, this Building presents a fantastic opportunity. The property is turnkey and ready to generate returns from day one, offering long-term potential for both residential and commercial success. Sale includes the DDA liquor license. Schedule your showing today and take the next step in securing this incredible property!

Location

State MI

County Crawford

Community City Of Grayling

Area City Of Grayling

Zoning COM

Direction I-75 Business loop/James Street to east on Michigan Ave toward courthouse. Property on the south side of street.

Rooms

Basement Partial Basement, Walkout, Partial Finish, Crawl Space

Exterior

Parking Features Street Parking, Parking Lot, Paved

Accessibility Access-Bathroom Sink, Covered Entrance, 36 in Entrance Door

Garage No

Building

Sewer Municipal

Others

Tax ID 070-100-017-005-00

Acceptable Financing Conventional Mort, Cash, VA Loan

Listing Terms Conventional Mort, Cash, VA Loan

Nearby Locations

GET MORE INFORMATION

Kyra Page

REALTOR® | Lic# 6501457865

kyra@fortyfivenorthre.com

+1(989) 464-3071

135 W Chisholm St., Alpena, MI, 49707

106 E Michigan AVE Avenue Grayling, MI 49738

Kyra Page

Key Details

Location

Rooms

Exterior

Building

Others

106 E Michigan AVE Avenue