110 e michigan avenue, grayling, MI 49738

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.

Listing Courtesy of: Michelle E Millikin of Homewaters L.L.C. Grayling

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Listing information provided courtesy of the Water Wonderland Board of REALTORS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.

This listing last updated: Fri, May 15, 2026 at 9:09:56 PM EDT

WWBMI Listing Data Last Updated on Mon, May 25 2026 at 10:57am