110 E Michigan Avenue And 112, Grayling, MI

$319,900

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2,300

Square feet

0.07

Acres

About 110 E Michigan Avenue And 112

Own a true downtown showpiece in the heart of Grayling. The Historic Salling Hanson & Co. Building is a beautifully executed 2024-2025 restoration that blends turn-of-the-century character with today's expectations creating a rare, income-producing mixed-use opportunity with immediate upside. The street-level commercial suite is an absolute stunner: refinished original wood floors, exposed brick, high original pressed-tin ceilings, fresh lighting/electrical, wainscoting accents, and brand-new oversized windows that flood the space with natural light and deliver exceptional visibility. A standout feature you almost never find, an authentic walk-in historic vault adds instant story, security, and ''wow'' factor for premium retail, gallery, office, or a destination concept. Upstairs, a bright open-concept residential loft offers flexibility for an owner-occupant or continued rental income. A lease is already in place generating $1,500/month, providing cash flow from day one. Positioned in vibrant downtown Grayling, this is a prime opportunity to secure a signature building that feels like it belongs in a much larger market that is turnkey, distinctive, and ready to perform. Grayling sits directly on I-75, just north of where US-127 merges into I-75, making downtown highly accessible to both locals and visitors passing through Northern Michigan. This location is poised to benefit from major momentum already underway in downtown Grayling. The nearby Sawmill Lofts project, an $18.3M mixed-use redevelopment bringing 40 apartments plus 4,000 SF of commercial space, is expected to complete in 2026, adding residents, energy, and built-in demand for downtown businesses. Grayling continues investing in downtown vibrancy and placemaking through Main Street/DDA initiatives, including wayfinding and event-support infrastructure that strengthens the customer experience and supports walkability. Investment/Use Potential (examples): boutique retail, specialty food, outfitter/guide HQ, tasting room, coffee concept, creative studio/gallery, wellness office, professional services, or a premium destination showroom with the vault as an unforgettable branding element. Pair that with a leased upstairs and you have a compelling combination of authenticity + income + downtown upside. Turnkey. Historic. High-visibility. Schedule your showing and secure one of downtown Grayling's most striking restored buildings--ready to generate returns now while positioned for the next wave of growth.

Features of 110 E Michigan Avenue And 112

MLS® # 201839889
Price $319,900
Square Footage 2,300
Acres 0.07
Type Commercial
Sub-Type Business Op
Status Active
Lake None

Community Information

Address 110 E Michigan Avenue And 112
Subdivision Original Plat of the Vill
City Grayling
County Crawford
State MI
Zip Code 49738

Amenities

Is Waterfront No
Has Pool No

Interior

Has Basement Yes
Basement Partial Basement, Unfinished, Outside Entrance
Fireplace No

Exterior

Lot Description 27x120
Construction Brick

Additional Information

Date Listed May 6th, 2026
Zoning Commercial

Listing Details

AgentMichelle Millikin
OfficeHomewaters, L.L.C. Grayling

Listing Map

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