110 E Michigan Ave

Investment Overview

The historic Salling, Hanson & Co. building in the heart of downtown Grayling was extensively renovated in 2025. Ground level retail/office space (1,518 sq ft) includes refinished wood floor, exposed brick, original pressed tin 12’ ceiling, updated lighting/electrical, new windows, and plenty of natural light. The former vault room with arched ceiling can be used as an office or storage. A bright open-concept 2nd floor residential loft is leased as a corporate apartment until April 30. Short term rentals are allowed. Zoning allows for conversion of the rear first floor space to residential. Parking with room to expand to the rear. Partial basement. Roof warranty to 2031 is transferable to buyer. DDA liquor license available. Easy access to the city park on the Au Sable River from the rear entrance and central to Northern Michigan outdoor recreation. Great live/work or investment opportunity. This location will benefit from momentum in downtown Grayling including the recently completed $18M mixed-used Sawmill Lofts with 40 apartments. Access to I-75 will help future area growth which includes a new 100k sq. ft. Saab manufacturing/engineering facility.

Investment Highlights

• Downtown Grayling Location
• Ground Level Retail/Office
• 2025 Renovation