.svg)
Investment Property - 8.1% Cap
$900,000
1010 W North Down River Rd, Grayling, MI 49738
5,936 sqft
Building Size
1.5 acres
Lot Area
Details:
Highlights:
- 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
- 5,936 SF of first floor medical space
- Full basement with an additional 2,000 SF of finished space
- 16 Exam rooms
- 6 Restrooms
- X-ray room (3 phase, 220V electric)
- The building sits on a lot that encompasses an entire city block from with frontage on North Down River, Rose, Erie & Vine
- Large parking lot
- Lot is large enough to support building additional buildings
- Building is in good condition
- New roof in 2022
- 2,944 SF addition (built in 2002)
- 6 HVAC units & 1 mini-split
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.
On the south side of W North Down River Rod between Smith & Rose Streets.
3 Phase & General
Natural Gas
Documents:
| Title | ||
|---|---|---|
| CBC_-_Brochure__P_.pdf |
Location
Gallery
