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PRICE REDUCED, NNN Leased Investment Opportunity - 7 CAP with upside potential

4364 W North Down River Rd, Grayling, MI 49738

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Overview

Current long-term tenant with 4 years remaining on existing Lease and a 3-year option to renew. Long-term Tenant is one of the largest door manufacturers in the United States. Taxes and insurance are the tenant's responsibility. Total SF is 21,102 SF. The primary building is 18,350 SF with 660 SF of office space. The main building has two 10' x 12' overhead doors, truckwell and 440V, 3-phase power. Property is zoned C-2. Building 2 is 1,920 SF, and Building 3 is 832 SF. Both are vacant, providing upside potential.

For Sale

Industrial

Secondary Uses: Warehouse/Distribution

Sale Price
$799,000
Price Per SF
$37.9/SF
Building Size
21,102 SF
Office SF
660 SF
Warehouse SF
20,442 SF
Acres
3.5 ac
Zoning
C-2
Building Class
C
# of Buildings
3
Floors
1
Year Built
1999
Property Use Type
Net Leased (NNN)
Property Status
Existing
Dock Number
1
Drive-In Number
2
Ceiling Height
12'
Nearest Interstate
I-75 - 3 mi
Power
440 V, 3 Phase
County
Crawford
Listed
03/01/2025
Updated
02/01/2026
Listing ID
d0c2e4d2
Parcel APN
040-41-005-16-020-00