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1010 W North Down River Rd 8,537 SF Health Care Building Offered at $800,000 in Grayling, MI 49738
EXECUTIVE SUMMARY
This large medical office building offers an attractive CAP Rate and fresh lease with a solid tenant. It's in excellent condition with a recent membrane roof and updated mechanicals. 14 exam rooms, 5 offices, 2 procedure rooms, waiting area and typical support infrastructure. Half of the basement is finished as additional office space.
PROPERTY FACTS Under Contract
| Price | $800,000 | Building Size | 8,537 SF |
| Price Per Bed | $266,667 | No. Beds | 3 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Health Care | Year Built/Renovated | 1971/2002 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.50 AC | ||
| Zoning | C-2 - C-2 Medical Cottage Industry/Office/Mixed Use | ||
| Price | $800,000 |
| Price Per Bed | $266,667 |
| Sale Type | Investment |
| Property Type | Health Care |
| Building Class | C |
| Lot Size | 1.50 AC |
| Building Size | 8,537 SF |
| No. Beds | 3 |
| No. Stories | 1 |
| Year Built/Renovated | 1971/2002 |
| Opportunity Zone |
Yes |
| Zoning | C-2 - C-2 Medical Cottage Industry/Office/Mixed Use |
AMENITIES
- Wheelchair Accessible
PROPERTY TAXES
| Parcel Number | 070-200-009-001-00 | Improvements Assessment | $369,800 |
| Land Assessment | $24,500 | Total Assessment | $394,300 |
PROPERTY TAXES
Parcel Number
070-200-009-001-00
Land Assessment
$24,500
Improvements Assessment
$369,800
Total Assessment
$394,300
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1010 W North Down River Rd
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