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For sale
  • Price cut: $250K (4/30)
    $950,000

    5973 W M 72 Hwy, Grayling, MI 49738

    1beds
    836sqft
    : 
    $6,059/mo
    Get pre-qualified
    Single Family Residence
    Built in ----
    16 Acres Lot
    $-- Zestimate®
    $1,136/sqft
    $-- HOA

    What's special

    Spring-fed pondScenic wooded acresOn-site caretakers apartmentPlenty of parkingSeveral wooded walking trailsBest trout fishing spotSeveral seating areas
    REMARKABLE BUSINESS OPPORTUNITY-Finley's Riverside Cabins! Situated on over 16+ scenic wooded acres & on over 1000' of AuSable River frontage! Beautifully remodeled cabins w/modern amenities, perfectly placed on a bustling stretch of M-72, just west of downtown Grayling. This is a well established vacation rental business with repeat business growing every year & open year round! An outdoor pavilion rental seating 80 comfortably for weddings, graduations, reunions & parties, a beautiful secluded riverside ceremony space & plenty of parking. There are several wooded walking trails leading to a canal off the river, a spring-fed pond, a kayak/canoe launch area, & several seating areas. The bend in the river is the best trout fishing spot around! This business comes as TURN-KEY operation ! The owners have taken great care of the property- including adding the pavilion & maintaining the structures to ensure longevity. The year-round cabin foundations have been protected by Foundation Systems of Michigan with transferrable warranty & an extra foot of insulation added, Window Source triple pane (easy-tilt to clean) windows installed for great insulating efficiency. Roof Maxx treatment was applied to add years of longevity to the shingles. All rental cabins are tastefully decorated & come furnished with everything included! On-site caretakers apartment makes this an easy business to run. Also included- John Deere lawn tractor/snowblower, 2 generators & Ankee Security System. Grayling municipal water coming soon. Full inventory available upon request.
    193 days
    |
    484
    |
    15
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Mary E. Becker 586-242-1179,

    Heart of Up North Realty, LLC 586-242-1179

    Source: WWMLS,MLS#: 201838519MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Mini Split Heat/Cool, Electric
      Cooling
      • Mini Split Heat/Cool
      Appliances
      • Included: Washer, Range/Oven, Refrigerator, Microwave, Dryer
      • Laundry: Main Level
      Features
      • Windows: Blinds, Curtain Rods, Drapes
      • Basement: None
      Interior area
      • Total structure area: 836
      • Total interior livable area: 836 sqft
      • Finished area above ground: 836

      Property

      Features
      • Patio & porch: Patio/Porch
      • On waterfront: Yes
      • Waterfront features: River
      • Body of water: Au Sable River
      Lot
      • Size: 16 Acres
      • Dimensions: 16+ acres
      Details
      • Additional structures: Guest Quarters/Apt, Shed(s)
      • Parcel number: 040410180602000, 060 & 040, 0071104500
      • Other equipment: Portable Generator

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cabin
      • Property subtype: Single Family Residence
      Materials
      • Foundation: Crawl

      Utilities & green energy

      • Sewer: Septic Tank
      • Utilities for property: Cable Connected

      Community & HOA

      Community
      • Security: Security System, Smoke Detector(s)
      • Subdivision: T26N-R3W
      Location
      • Region: Grayling

      Financial & listing details

      • Price per square foot: $1,136/sqft
      • Tax assessed value: $29,200
      • Annual tax amount: $430
      • Date on market: 1/16/2026
      • Listing terms: Cash,Conventional Mortgage
      • Ownership type: LLC
      • Road surface type: Paved, Maintained

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,116/mo

        Price history

        DateEventPrice
        4/30/2026Price change$950,000-20.8%$1,136/sqft
        Source: WWMLS #201838519 Report a problem
        1/16/2026Listed for sale$1,200,000+1042.9%$1,435/sqft
        Source: WWMLS #201838519 Report a problem
        1/30/2017Sold$105,000+16.7%$126/sqft
        Source: WWMLS #305351 Report a problem
        9/30/2013Sold$90,000$108/sqft
        Source: WWMLS #282850 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$430 +4.6%$14,600 +5.8%
        2024$411 +4.9%$13,800
        2023$392 $13,800 +58.6%
        2022-- $8,700 -1.1%
        2021-- $8,800 +4.8%
        2020-- $8,400 -3.4%
        2019-- $8,700 +4.8%
        2018$365 +8.6%$8,300 -4.6%
        2017$336 +0.9%$8,700 +13%
        2016$333 $7,700
        2015$333 $7,700 -12.5%
        2014-- $8,800
        2013-- $8,800
        2012-- $8,800
        2011-- $8,800
        2010-- $8,800
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
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        Climate risks

        Neighborhood: 49738

        Getting around

        22 / 100
        Car-Dependent
        33 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Grayling
        • High: Grayling

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

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