106 E Michigan AVE Avenue Active Save Request In-Person Tour Request Virtual Tour
Grayling,MI 49738
Key Details
Property Type Commercial
Sub Type Commercial/Vacant
Listing Status Active
Purchase Type For Sale
Square Footage 3,590 sqft
Price per Sqft $139
Subdivision City Of Grayling
MLS Listing ID 201832649
Property Sub-Type Commercial/Vacant
Property Description
Located in the heart of vibrant downtown Grayling, the Michigan Brew Building offers an exceptional investment opportunity that combines both commercial and residential spaces. Completely remodeled in 2020, this property features a modern design with state-of-the-art finishes throughout, making it a standout in the area. The upper level includes two well-appointed studio apartments, each with a lease in place through October 2025, generating a consistent rental income of $2,450 per month. These apartments provide a reliable revenue stream and are perfect for long-term tenants seeking the convenience of downtown living. The building also includes a spacious basement with ample storage space and a walk-in cooler, which adds versatility for potential business operations or future expansion. The kitchen is partially equipped with most of the necessary appliances, making it an ideal setup for a restaurant, brewery, or similar ventures. With the Sawmill Loft development underway next door, this location is positioned for growth, and the area is expected to see increased foot traffic and visibility, further enhancing the property's value.
Whether you're looking to capitalize on immediate rental income, start your own business, or secure a property in a rapidly growing area, this Building presents a fantastic opportunity. The property is turnkey and ready to generate returns from day one, offering long-term potential for both residential and commercial success. Sale includes the DDA liquor license. Schedule your showing today and take the next step in securing this incredible property!
Location
State MI
County Crawford
Community City Of Grayling
Area City Of Grayling
Zoning COM
Exterior
Parking Features Street Parking,Parking Lot,Paved
Building
Sewer Municipal
Others
Acceptable Financing Conventional Mort,Cash,VA Loan
Listing Terms Conventional Mort,Cash,VA Loan