Land with Home for Sale in Grayling, Michigan
1024 S I-75 Business Loop, Grayling, MI 49738
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.
Location
- Street address
- 1024 S I-75 Business Loop
- County
- Crawford County
- Zip code
- 49738
- School district
- Grayling
- Elevation
- 1,145 feet
Directions
From the South: I-75 to I-75 Business Loop to E. Down River Rd. From the North: I-75 to North Down River Rd. West to Address
Property details
- Acreage
- 4.83 acres
- Zoning
- Mixed Use
- MLS #
- MyStateMLS 11592071
- Posted
Details and features
Listing
- Type
- Residential
Structure
- Stories
- 2
- Water
- Public
- Heating
- Baseboard
- Materials
- Aluminum
- Roof
- Asphalt
Interior
- Room Count
- 35
- Rooms
- Bathroom x 24, Bedroom x 24, Laundry Room
- Flooring
- Carpet, Laminate
- Security
- Security System
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 2, 2026 | Under contract | $694,900 | — | MyStateMLS |
| Nov 14, 2025 | Listing removed | $694,900 | — | Listing agent |
| Oct 17, 2025 | New listing | $694,900 | — | MyStateMLS |