$499,900

106 E Michigan Avenue, Grayling, MI 49738

  • 3,590 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $139/sqft
  • Property List Date Icon Listed 29 days ago

Property Description

Located in the heart of vibrant downtown Grayling, the Michigan Brew Building offers an exceptional investment opportunity that combines both commercial and residential spaces. Completely remodeled in 2020, this property features a modern design with state-of-the-art finishes throughout, making it a standout in the area. The upper level includes two well-appointed studio apartments, each with a lease in place, generating a consistent rental income of $2,450 per month. These apartments provide a reliable revenue stream and are perfect for long-term tenants seeking the convenience of downtown living. The building also includes a spacious basement with ample storage space and a walk-in cooler, which adds versatility for potential business operations or future expansion. The kitchen is partially equipped with most of the necessary appliances, making it an ideal setup for a restaurant, brewery, or similar ventures. With the Sawmill Loft development underway next door, this location is positioned for growth, and the area is expected to see increased foot traffic and visibility, further enhancing the property's value. Whether you're looking to capitalize on immediate rental income, start your own business, or secure a property in a rapidly growing area, this Building presents a fantastic opportunity. The property is turnkey and ready to generate returns from day one, offering long-term potential for both residential and commercial success. Sale includes the DDA liquor license. Schedule your showing today and take the next step in securing this incredible property!

Listing Status:
Active
Date Added:
November 4, 2025 at 06:00AM
Listing Office:
Homewaters, L.L.C. Grayling : 734-474-9487
Listing Agent:
Michelle E Millikin : 734-474-9487
MLS ID:
201837849
  • Basement: Crawl SpaceWalk-Out AccessPartial Finish
  • Disability Feature: Covered Entrance36 in Entrance DoorAccess-Bathroom Sink
  • Road/Access: Concrete
  • Originating MLS: Water Wonderland Board of REALTORS®
  • County: Crawford
  • Zoning: COMCOM AT THE W'LY COR LOT 3BLOCK 17ORIGINAL PLAT OF THE VILLAGE (NOW CITY) OF GRAYLINGPT BEING INT OF SW'LY LINE LOT 3 & SE'LY LINE MICHIGAN AVE; TH SW'LY 27.5 FOR POB; TH SE'LY 120 FT; TH SW'LY 34.5 FT; TH NW'LY 120 FT TO SE'LY LINE OF MICHIGAN AVE;070-100-017-005-00
  • Sewer: Municipal
  • Source: Water Wonderland Board of REALTORS®

This listing courtesy of Michelle E Millikin, Homewaters, L.L.C. Grayling

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Grayling Middle School

500 Spruce St, Grayling, MI, 49738

Grades 5-8

0.25 miles away

G

Grayling Middle School

500 Spruce St, Grayling, MI, 49738

Grades 5-8

0.25 miles away

G

Great Lakes Online Education

1135 N Old 27, Grayling, MI, 49738

Grades KG-12

2.86 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.