MI > Grayling > Grayling Twp
Grayling, MI 49738,1010 W North Down River Road
Grayling, MI 49738,1010 W North Down River Road
Grayling, MI 49738,1010 W North Down River Road
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Nick Schweihofer

Nick Schweihofer

+1(616) 566-4619
$900,000
Est. payment /mo
5,936 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 5,936 sqft

Price per Sqft $151

Municipality Grayling Twp

Subdivision Grayling Twp

MLS Listing ID 80047498

Year Built 1971

Lot Size 1.500 Acres

Acres 1.5

Property Sub-Type Business

Source MiRealSource

Property Description

Great investment opportunity for this medical office building leased to Munson Hospital. Munson recently signed a 5-year renewal giving an investor the opportunity for an 8.1% cap rate. Building is in good condition with a new roof in 2022. In addition to the 5,936 SF of first floor medical space there is a full basement with an additional 2,000 SF of finished space. The building sits on a lot that encompasses an entire city block from with frontage on North Down River, Rose, Erie & Vine. There is a huge parking lot and the lot is large enough to support building additional buildings.

Location

State MI

County Crawford

Zoning Professional Office,Comme

Interior

Heating Forced Air

Cooling Central Air

Exterior

View Y/N No

Building

Sewer Public

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Listed by Coldwell Banker Schmidt Traver

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agent

Nick Schweihofer

+1(616) 566-4619

Team Leader, Broker | License ID: 6506047709

Team Leader, Broker License ID: 6506047709

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  • Nick did an awesome job in helping us find and purchase our condo. He listened to our wants and identified options and in the end we found a good fit for our needs for a vacation home Since we are far from Holland Nick set up a couple video tours to reduce travel. Thanks Nick for all the hard work and insight. We are very excited about our new home!
    Gordon L
  • Nick was awesome to work with! I just went through the process of purchasing my first home and Nick couldn’t have made it any easier. He is super knowledgeable about the industry and the area. He answered all my questions and made sure to point out things I may not be thinking of since it was my first time going through the process. He was attentive, super responsive, easy to talk to, and truly cares about finding his clients a home they’ll love! I’m looking forward to working with him again in the future and would definitely recommend him as an agent!
    Emily Rzeszutko
  • Nick was amazing to work with! This was my first time buying a house. Nick was very patient and took the time to walk me through everything and address all my questions. He was always quick to respond. He was clearly knowledgeable about the area and was great at pointing out and educating me on issues to watch for as we walked through houses. I absolutely recommend Nick to anyone buying or selling a home, and look forward to working with him again in the future!
    Kayla Kocal
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