Luxury Garages in Gated
1205 Auto Avenue Harbor Springs, MI 49740
For Sale
$1,225,000
COMMERCIAL - Harbor Springs, MI
Property Size4,320 SF
Price / SF$283.56
Days on Market300
Property Features for 1205 Auto Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- LTT B-2
- Window features
- Vinyl Frames
- Standard status
- Active
- APN
- 08-16-14-100-022
- Size
- 4,320 SF
Taxes and HOA fees
- Tax Description
- PART OF COM AT W 1/4 COR OF SECTION 14, TH N90o00'00"E 1383.35 FTALG E/W 1/4 OF SD SEC, TH N00o22'29
Utilities
- Heating system
- Natural Gas
- Water source
- Well
Building Details
- Year built
- 2024
- Roof type
- Metal
Listing Agency:
Graham Real Estate
(231) 526-6251
Listed By:
Heidi Kresnak
(231) 838-1977
Added: Sep 29, 2025
Changed: Jul 2
Last Checked: Jul 25 at 8:06AM
MLS# 474841
Copyright © 2026 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property, known as "The Gatherings" of Harbor Springs, features luxury garages ranging in size from 1,280 square feet to 6,000 square feet. Situated on a large parcel of land within a secure, gated community, these units offer a haven for automotive enthusiasts and collectors. Each unit includes restrooms, making them suitable for entertaining. The property features a large irrigated green space and a wide paved drive for easy maneuverability of trailers and car haulers. Climate-controlled in-floor radiant heat ensures year-round comfort and safeguards collections through all seasons. The property is zoned LTT B-2 and located in Harbor Springs, MI.
Key Highlights
- Luxury garages in a secure, gated community at The Gatherings of Harbor Springs
- Garage sizes range from 1,280 SF to 6,000 SF
- Year‑round comfort with climate‑controlled in‑floor radiant heat
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.6k | $20.04 |
| − Vacancy | −$6.1k | −$1.40 |
| EGI | $80.5k | $18.64 |
| − OpEx | −$12.1k | −$2.80 |
| NOI | $68.4k | $15.84 |
4,320 SF · lease $20.04/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$977.7K
$855.5K – $1.14M
NOI $68,436 @ 7.0% cap · market cap 5.59%
Second Best
Self Storage
$805.1K
$704.5K – $939.3K
NOI $56,359 @ 7.0% cap · market cap 4.60%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
FAQs
What type of property is this?
Self storage facility - Premier property offering luxury garages in a secure, gated community.
Where is this self storage facility located?
The property is located at 1205 Auto Avenue Harbor Springs, MI.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Luxury garages in a secure, gated community at The Gatherings of Harbor Springs; Garage sizes range from 1,280 SF to 6,000 SF; Year‑round comfort with climate‑controlled in‑floor radiant heat
