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0 Baths
3,590 sqft

$474,900

106 E Michigan Avenue, Grayling MI, 49738

Price per sqft$132.28
Property size3,590 sqft
Property typeCommercial

Overview

Active

Listed Jun 24, 2026

Updated Jun 25

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!

Additional information

MLS® ID
201841011

Interior Features

Bathrooms
0
Basement
No

Exterior Features

Lot Size
0.1 Acres

Listed by Michelle Millikin with Homewaters, L.L.C. Grayling
Listing Contact: 734-474-9487 

Based on information from Water Wonderland Board of REALTORS® as of 6/25/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. 

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