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230 Huron St 15,947 SF 100% Leased Office Building Grayling, MI 49738 $800,000 ($50.17/SF)

Investment Highlights
- Excellent location
- Blank Canvas for New Owners
- Rental Income Options
Executive Summary
This property built in 1980, consists of three buildings each with rental income possibilities. The first building is the largest at 8,760 square feet, an excellent office space with 23 offices, a large conference room and additional space for cubicles. The second building at the back of the property has been arranged into 24 storage units. There are 5 smaller units at the front of the building and 19 larger units with garage doors on the sides and back of the building. The third building consists of one large spacious area at 3,773 square feet.
Residing near a busy intersection, with estimated traffic counts of over 6,300 daily (CARS 2022), this property boosts an excellent location. There are endless possibilities for this property, a perfect opportunity for new owners and/or possible renters.
Owner has worked to improve the buildings by replacing 4 furnaces, a furnace and A/C unit and a heat pump. The owner is looking to transition into retirement and sell the property.
Property Details:
Sale Price: $800,000
Address: 230 Huron Street, Grayling, MI 49738
15,947 Square Footage:
8,760 SF – Building 1
3,414 SF – Building 2
3,773 SF – Building 3
Residing near a busy intersection, with estimated traffic counts of over 6,300 daily (CARS 2022), this property boosts an excellent location. There are endless possibilities for this property, a perfect opportunity for new owners and/or possible renters.
Owner has worked to improve the buildings by replacing 4 furnaces, a furnace and A/C unit and a heat pump. The owner is looking to transition into retirement and sell the property.
Property Details:
Sale Price: $800,000
Address: 230 Huron Street, Grayling, MI 49738
15,947 Square Footage:
8,760 SF – Building 1
3,414 SF – Building 2
3,773 SF – Building 3
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
15,947 SF
Building Class
C
Year Built
1968
Price
$800,000
Price Per SF
$50.17
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
15,947 SF
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 070-017-006-040-01 | Improvements Assessment | $231,300 |
| Land Assessment | $64,600 | Total Assessment | $295,900 |
Property Taxes
Parcel Number
070-017-006-040-01
Land Assessment
$64,600
Improvements Assessment
$231,300
Total Assessment
$295,900
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230 Huron St
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