About 1010 W North Down River Road
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.
Features of 1010 W North Down River Road
| MLS® # | 1923947 |
|---|---|
| Price | $900,000 |
| Bathrooms | 0.00 |
| Square Footage | 5,936 |
| Acres | 1.50 |
| Year Built | 1971 |
| Type | Commercial |
| Sub-Type | Income, Commercial Sale |
| Status | Active |
Community Information
| Address | 1010 W North Down River Road |
|---|---|
| Subdivision | N/A |
| City | Grayling |
| County | Crawford |
| Province | Michigan |
| Postal Code | 49738 |
Amenities
| Utilities | WATER: Municipal Water SEWER: Municipal |
|---|---|
| Features | Sprinkler System, 3-Phase Electric |
| Parking | Paved, Parking Lot |
| Is Waterfront | No |
Interior
| Heating | Natural Gas, Forced Air, Central Air, Zoned/Dual |
|---|---|
| Has Basement | Yes |
| Basement | Full, Poured Concrete, Finished Rooms |
Exterior
| Exterior Features | Brick |
|---|---|
| Lot Description | 220'x200'x240'x360'x70' |
| Roof | Membrane |
| Construction | Frame |
Additional Information
| Date Listed | June 25th, 2024 |
|---|---|
| Days on Market | 275 |
| Zoning | Office, Commercial |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Schmidt Traver |
|---|