1024 S.I-75 Business Loop, Grayling, MI 49738

$694,900 List Price
In Contract on 11/12/2025
24 Beds
24 Baths
10261 SF
Built In 1950
 
Listing ID 11592071
Property Type House
County Crawford
Township Grayling
School Grayling
Tax ID 07099002000200
FEMA Flood Map fema.gov/portal
Year Built 1950
Virtual Tour
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 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, 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.
Property Details
  • 24 Total Bedrooms
  • 24 Full Baths
  • 10261 SF (AG)
  • 4.83 Acres
  • Built in 1950
  • Renovated 1980
  • 2 Stories
  • Available 10/17/2025
  • Ranch Style
  • Slab Basement
Interior Features
  • Eat-In Kitchen
  • Laminate Kitchen Counter
  • Carpet Flooring
  • Laminate Flooring
  • 35 Rooms
  • Dining Room
  • Primary Bedroom
  • Kitchen
  • Laundry
  • Alarm System
  • Fire Sprinklers
  • Baseboard
  • 4 Heat/AC Zones
  • Natural Gas Avail
  • Wall/Window A/C
  • 200 Amps
Exterior Features
  • Frame Construction
  • Aluminum Siding
  • Asphalt Shingles Roof
  • Detached Garage
  • 5 Garage Spaces
  • Municipal Water
  • Municipal Sewer
Listed By
eXp Realty
Office: 616-250-6751
Mobile: 616-250-6751
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