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Under contract
  • $694,900

    1024 S Interstate Highway 75 Business Loop, Grayling, MI 49738

    24beds
    --sqft
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    Single Family Residence
    Built in 1950
    4.83 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Main thoroughfareCathedral ceilingsLarge master suite
    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.
    258 days
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    6
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    0
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    Zillow last checked:

    Listing updated:

    Listed by:

    Tom Rumble 616-250-6751,

    eXp Realty 616-250-6751

    Source: My State MLS,MLS#: 11592071

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 24
      • Bathrooms: 24
      • Full bathrooms: 24
      Rooms
      • Room types: Dining Room, Kitchen, Laundry Room, Master Bedroom
      Kitchen
      • Features: Eat-in Kitchen, Laminate Counters
      Basement
      • Area: 0
      Heating
      • Baseboard, Zoned
      Cooling
      • Wall/Window Unit(s), Zoned
      Features
      • Flooring: Carpet, Laminate
      • Basement: Slab
      • Has fireplace: No
      Interior area
      • Total structure area: 10,261
      • Finished area above ground: 10,261

      Property

      Parking
      • Total spaces: 5
      • Parking features: Detached
      • Garage spaces: 5
      Features
      • Stories: 2
      Lot
      • Size: 4.83 Acres
      Details
      • Parcel number: 07099002000200
      • Lease amount: $0

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Frame, Aluminum Siding
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1950
      • Major remodel year: 1980

      Utilities & green energy

      • Electric: Amps(200)
      • Sewer: Municipal
      • Water: Municipal
      • Utilities for property: Naturl Gas Available

      Community & HOA

      Community
      • Security: Alarm, Fire Sprinkler System
      HOA
      • Has HOA: No
      Location
      • Region: Grayling

      Financial & listing details

      • Date on market: 10/17/2025
      • Date available: 10/17/2025

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,624/mo

        Price history

        DateEventPrice
        11/13/2025Contingent$694,900
        Source: My State MLS #11592071 Report a problem
        10/17/2025Listed for sale$694,900
        Source: My State MLS #11592071 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 49738

        Getting around

        41 / 100
        Car-Dependent
        44 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Grayling

        Source: My State MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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