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    Mancelona, MI
    Flex Space

    Mancelona, MI Flex Space for Sale

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    US 131 Flex Building
    Updated: Jun 15
    US 131 Flex Building

    5240 S US-131, Mancelona, MI 49659

    $224,900
    2,800 sqft 4.29 AC lot
    2,800‑square‑foot flex building on approximately 4.29 acres
    40‑by‑60‑foot shop area with cement floor
    Two 14' tall doors, each 13' wide
    Three‑ton crane installed in the shop
    Approximately 140' frontage on US 131
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    This listing looks promising.

    Here's a quick look at some key insights for

    5240 S US-131, Mancelona, MI 49659

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    • Est. Cap Rate

      8.2%
      Above avg (5.9%)

    • Est. NOI

      $18K
      Annual

    • Price @ 7% Cap

      $263K
      Above asking
    View Property Analytics
    US-131 Frontage Commercial Property
    Updated: Mar 11
    US-131 Frontage Commercial Property

    Mancelona, MI 49659

    $255,000
    6.00 AC lot
    Over 500' of US‑131 frontage offers high visibility and accessibility.
    Heated shop space with a chain fall crane provides immediate functionality.
    6‑acre property bordering N Wheeler Lake Road allows for expansion.
    Quonset hut provides substantial additional storage or workspace.
    Remodeled in 2015 with new tin on both buildings and office reconstruction.
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Mancelona, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turn-Key Mixed-Use Corner Property
    Turn-Key Mixed-Use Corner Property

    S 2134 S Main Street Unit SourceFi, Central Lake, MI 49622

    $219,000
    1,568 sqft

    For-sale mixed-use corner property with high visibility on Main Street and a private parking lot off Ballard Street.

    View details
    Multi-Building Industrial Flex Property
    Multi-Building Industrial Flex Property

    3166 Muckle Rd, Central Lake, MI 49622

    Contact for pricing
    26,100 sqft 21.00 AC lot

    Three-building industrial and storage property totaling 26,100 sq. ft., including a main building with central air and three-phase power.

    View details
    Office Building with Pole Barn
    Office Building with Pole Barn

    810 N Birch Street, Kalkaska, MI 49646

    $349,000
    1,728 sqft 1.30 AC lot

    Corner-lot office property with modular construction, parking, and access from M-72 and adjacent side roads.

    View details
    Industrial Building with Multiple Overhead Doors
    Industrial Building with Multiple Overhead Doors

    702 N Birch Street, Kalkaska, MI 49646

    Contact for pricing

    Includes an on-site office and four 10x12 overhead doors, with large paved parking on a corner site.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Pole Barn Warehouse Building Site
    Pole Barn Warehouse Building Site

    13715 Clark Road lot: 15, Charlevoix, MI 49720

    $129,000
    0.07 AC lot

    Build-ready lot for a new pole barn with gated access, security fencing, and in-floor heat.

    View details
    Light Industrial Development Site
    Light Industrial Development Site

    1448-1456 Trade Centre Drive lot: A, Traverse City, MI 49684

    $250,000
    0.20 AC lot

    Industrial-zoned land with utilities available and pre-approved building envelopes for flexible light industrial development.

    View details
    Light Industrial Building Lot
    Light Industrial Building Lot

    10797A County Rd ZZ, Sister Bay, WI 54234

    $199,000
    1.40 AC lot

    Light industrial zoning lot with a large building envelope, suitable for contractor or storage use near Sister Bay.

    View details
    Multi-Use Development Land Parcel
    Multi-Use Development Land Parcel

    1 Reighmoor Road, Omro, WI 54963

    $322,140
    20.14 AC lot

    A large development parcel with options for residential lots, storage units, or light-commercial flex space.

    View details

    Mancelona, MI Flex Space Market Trends and Statistics

    Explore 2 flex space for sale in Mancelona, MI on our real estate platform. These investment opportunities span a total of 2,800 square feet of properties for sale, with an estimated market value of $479,900.

    Sale prices for business spaces in Mancelona, MI start at $224,900, averaging $239,950, and reaching up to $255,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Flex space 3

    Demographics Overview

    Population 7,226
    Population Growth (5Y) +8.3%
    Median Household Income $59,092
    College Educated 26.1%

    High-Yield Neighborhoods for Investment

    Identify Mancelona submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49659 $240K

    Taxes & Financing

    Tax Rate (average for all types) 3.30%
    Property Tax per SF $48.26 per SF
    Tax Rate vs County Average 0.98 pp above county avg
    Average Loan-to-Value 65.0%

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Antrim County

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