Active
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