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1010 W North Down River Road
$900,000
1010 W North Down River Road, Grayling, MI 49738
For Sale
Mixed Use
Active
Last Updated: 09/20/2024
5,936 sqft
Building Size
1.5 acres
Lot Area
Details:
Building Size: 5,936 sqft
Lot Area: 1.5 acres
Year Built: 1971
MlsNumber: 1923947
Highlights:
- Heating Fuel Type: Gas
- Exterior Description: Brick
- Road Type: City / Town Street
- Cooling: Central A/C
- Roof: Rubber
- Water: Well
- Heating Type: Forced Air
Description:
On the south side of W North Down River Rod between Smith & Rose Streets.
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
Gallery
