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.
Under contract
$694,900
1024 S Interstate Highway 75 Business Loop, Grayling, MI 49738
24beds
10,261sqft
Single Family Residence
Built in 1950
4.83 Acres Lot
$810,600 Zestimate®
$68/sqft
$-- HOA
What's special
Main thoroughfareCathedral ceilingsLarge master suite
- 318 days
- 13
- 0
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
- Total interior livable area: 10,261 sqft
- 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
- Price per square foot: $68/sqft
- Date on market: 10/17/2025
- Date available: 10/17/2025
Estimated market value
$810,600
$576,000 - $1.12M
$1,624/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/13/2025 | Contingent | $694,900$68/sqft |
Source: My State MLS #11592071 Report a problem | ||
| 10/17/2025 | Listed for sale | $694,900$68/sqft |
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.Climate risks
Neighborhood: 49738
Nearby schools
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.

