1010 W North Down River Road Active Save Request In-Person Tour Request Virtual Tour
Grayling Twp,MI 49738
Key Details
Property Type Commercial
Sub Type Business Opportunity
Listing Status Active
Purchase Type For Sale
Square Footage 5,936 sqft
Price per Sqft $151
MLS Listing ID 78080047498
Originating Board Aspire North REALTORS®
Year Built 1971
Lot Size 1.500 Acres
Acres 1.5
Lot Dimensions 220'x200'x240'x360'x70'
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
Area Grayling Twp
Zoning Commercial,Office
Interior
Heating Forced Air,Zoned,Central Air
Heat Source Natural Gas
Exterior
Pool No
Utilities Available 3 Phase Power
Waterfront no
Accessibility Disabled Access
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Frame
Schools
School District Crawford Ausable
Others
Tax ID 07020000900100
Ownership Private Owned
Acceptable Financing Cash,Other,Trade/Exchange
Listing Terms Cash,Other,Trade/Exchange
Financing Cash,Other,Trade/Exchange
Special Listing Condition Unknown/Data Share Listings