1010 W North Down River Road
$900,000
1010 W North Down River Road Grayling, MI 49738
This is a carousel gallery, which opens as a modal once you click on any image. The carousel is controlled by both Next and Previous buttons, which allow you to navigate through the images or jump to a specific slide. Close the modal to stop viewing the carousel.
To navigate the horizontal menu, use the arrow keys. For VoiceOver on iOS, swipe left or right with one finger.
About this listing
On the south side of W North Down River Rod between Smith & Rose Streets.
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.
-
Building Size
5,936 sqft
-
Lot Area
1.5 acres
-
Year Built
1971
-
MLS ID
1923947
DESCRIPTION
- • Heating Fuel Type: Gas
- • Exterior Description: Brick
- • Road Type: City / Town Street
- • Cooling: Central A/C
- • Roof: Rubber
- • Water: Well
- • Heating Type: Forced Air
Dan Stiebel
CCIM
License #: 6506040160
Coldwell Banker Commercial Schmidt Realtors
Traverse City, MI
