1010 W North Down River Rd

1010 W North Down River Rd, Grayling, MI 49738

  • For Sale $900,000
  • Property Type Other
  • Additional Rent Contact for pricing
  • Year Built 1971
  • Date Updated Nov 16, 2024
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.

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Highlights

  • On the south side of W North Down River Rod between Smith & Rose Streets.
  • Heating - Fuel Type: Gas
  • Exterior Description: Brick
  • Road Type: City / Town Street
  • Cooling: Zoned A/C
  • Roof: Rubber
  • Cooling: Central A/C
  • Water: Well
  • Heating Type: Forced Air

Contacts

broker

Daniel Stiebel

Coldwell Banker Schmidt Realtors

Location

Getting Around

  • Walk Score ®

    47/100 Car-Dependent

  • Bike Score ®

    42/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Grayling, MI
  • Zip Code 49738

Points of Interest

  • EZ Mart

    0.50 miles

  • Marathon

    0.55 miles

  • Pacific Pride

    0.64 miles

  • Speedway

    0.93 miles

  • Rivian Waypoints

    1.34 miles

  • Beacon & Bridge Market

    7.79 miles

  • Fredric Trailhead

    2.73 miles

  • truck parking

    4.02 miles

  • car parking

    4.04 miles

  • Fredrick Trail

    8.66 miles

  • Borchers Bed and Breakfast

    0.66 miles

  • Woodland Motor Lodge

    0.73 miles

  • Days Inn

    1.52 miles

  • Ramada Grayling Hotel & Conference Center

    1.57 miles

  • Super 8 by Wyndham Grayling

    4.81 miles

  • Bear's Den Pizzeria

    0.58 miles

  • Grayling Restaurant

    0.60 miles

  • Spike's Keg O Nails

    0.68 miles

  • Ray's BBQ, Brew & Blues

    0.74 miles

  • Dairy Queen

    0.87 miles

  • Subway

    0.93 miles

  • Burger King

    0.97 miles

  • Wendy's

    1.14 miles

  • Taco Bell

    1.17 miles

  • McDonald's

    1.20 miles

  • Grayling Seventh Day Adventist School

    1.75 miles

  • Grayling Seventh Day Adventist Elementary School

    1.84 miles

  • Grayling High School

    2.35 miles

  • Kirtland Community College

    4.73 miles

  • Shawono Center

    5.07 miles

  • Beaver Creek School

    6.60 miles

  • Frederic Elementary School

    7.67 miles

  • Feldhauser School

    9.20 miles

Frequently Asked Questions

How much does 1010 W North Down River Rd cost?

The space currently listed for sale at 1010 W North Down River Rd asks for $900,000.

What is the total square footage of 1010 W North Down River Rd?

1010 W North Down River Rd totals 5,936 square feet.

When was this property built?

1010 W North Down River Rd was built in 1971.

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Contact Listing Broker

broker

Daniel Stiebel

Coldwell Banker Schmidt Realtors