1024 I-75 Business, Grayling, MI 49738 (MLS# 25053532)

1024 I-75 Business, Grayling, MI 49738

New Listing

$694,900

Property Type: Commercial Sale Square Footage: 10,261 Lot Size (sq. ft.): 211,702 Status: Active

Current Price: $694,900 List Date: 8/28/2026 Last Modified: 8/28/2026

Overview

Description

The possibilities are endless with this well-maintained gem. Located in Grayling, the gateway of the North. Minutes from Gaylord, MI, and an easy drive to Traverse City. Grayling, MI, is a small town that is experiencing some nice growth due to the Air Force Base, New Restaurants, New housing developments, etc. It makes a great place to stay with its proximity to the tip of the Mitt, and both NE & NW Michigan. This 22-unit motel has been very well maintained throughout the years, with a steady stream of patrons. Owned and cared for for over 30 years, it's time to hand the investment over to a new owner. Situated on 4.86 acres, on a main thoroughfare, with easy access to I-75, but set back enough for a peaceful setting. It features: a standalone building with 7 kitchenette units, that could be used for long term rental, for a constant cash flow, plus an 1800 sq ft home connected to the main motel,

Supplements: that features: a large master suite, cathedral ceilings, and a large kitchen and living area. Lots of parking, a large maintenance building that could be used for on-site laundry, and more. Priced accordingly for some of the decor that could use an update. All showings must present an approval letter or proof of funds.

Listing Details MLS# 25053532

Location Property Info

County: Crawford
Street #: 1024
Street Name: I-75 Business
State: MI
Zip Code: 49738

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 4.86
Lot Square Footage: 211702
Lot Dimensions: Irregular
Year Built: 1950
Road Frontage: 999
Mineral Rights: Unknown
Year Remodeled: 1980
Total # Units: 22
# Fin Bldg Lvls: 2
Total # Bldgs: 3
Total SqFt: 10261
Total Net SqFt: 10261
Property Use Type: Business
Full Baths: 24
Waterfront: No
School District: Grayling

Tax Info

Tax ID #: 07000700500101
Taxable Value: 140908
SEV: 218300
For Tax Year: 2024
Seller's Annual Property Tax: 7879
Tax Year: 2024
Spec Assessment & Type: None Known
Non-Conforming Use: No

Remarks Misc

Directions: I-75 from Gaylord. Use Down River Rd. Exit. West to business, I-75 to the address.

Additional Details

Total Parking Spaces: 40

More Information

Property Features

Property Use: Business Uses: Other Ownership: Proprietorship Business Includes: Equipment; Furniture; Inventory; Real Estate Construction Type: Block; Frame/Wood Exterior Material: Aluminum Siding Roofing: Composition Foundation: Slab Below Grade: None Additional Features: Outdoor Storage Sewer: Public Sewer; Septic Tank Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at St: High Speed Internet Heat Source: Natural Gas Heat Type: Baseboard; Radiant Air Conditioning: Wall Unit(s) Driveway: Aggregate; Asphalt; Paved Street Type: Paved Purchase Terms Avail: Cash; Conventional Docs at List Office: Traffic Study Sale Conditions: None Possession: See Remarks

Listing Office: EXP Realty LLC

Listing Agent: Thomas A Rumble

Last Updated: August - 28 - 2026

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