1010 W North Down River Rd - Health Care FOR SALE


Grayling, MI 49738
$900,000 USD
231-633-0432
1010 W North Down River Rd, Grayling, MI for Sale
$900,000 USD
Health Care - FOR SALE
1/23
null | 8.1% Cap Rate

1010 W North Down River Rd
Grayling, MI 49738


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$152 USD /SF

CAP RATE

8.1%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Munson Grayling Surgical

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

C-2

APN/PARCEL ID

070-200-009-001-00

ASK ABOUT THIS PROPERTY

Daniel StiebelColdwell Banker Schmidt RealtorsMore Info
231-633-0432

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Daniel StiebelColdwell Banker Schmidt RealtorsMore Info
231-633-0432

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.