Flex Warehouse with Historic
12924 McLachlan Road Kewadin, MI 49648
12924 McLachlan Road, Kewadin, MI, 49648
$324,900
For Sale
$324,900
COMMERCIAL - Kewadin, MI
Property Size3,500 SF
Lot Size2.29 Acres
Price / SF$92.83
Days on Market30
Property Features for 12924 McLachlan Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 3,500 SF
- Lot size
- 2.29 Acres
Taxes and HOA fees
- Tax Description
- PARCEL 3..COM AT THE SW COR OF SEC 1; TH S 79 DEG 45'48" E 220.47 FT ALG S SEC LINE AND C/L OF RD TO THE POB; TH CONT S 79 DEG 45'48" E 209.40 FT; TH N 07 DEG 56'19" E 409.96 FT; TH N 79 DEG 47'21" W 429.80 FT TO W SEC LINE; TH S 07 DEG 56'54" W 37.96 FT
Building Details
- Roof type
- Metal
Listing agency
Coldwell Banker Schmidt-Elk Ra
(231) 264-1000
Listed by
Sandy Ehlers · License #6501396385
(231) 995-8150
Added: Jun 23 Updated: Jul 6 at 9:56PM Checked: Jul 22 at 3:06PM
MLS# 1947032
Copyright © 2026 Northern Great Lakes Realtors 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 2.29-acre commercial property includes a well-maintained 40' x 60' steel framed pole building with a concrete floor and electrical service, including a 220-volt outlet. Additional onsite improvements feature a historic barn with stone walls, exposed beams, and electrical service, along with a historic one-room schoolhouse and a separate hay storage building. The combination of modern utility and historic structures supports a range of commercial and storage uses.
The site has approximately 40 feet of frontage on US-31 North and additional access from McLachlan Road. The property borders A Ga Ming golf course.
Overall, the property is configured as a single site with multiple usable buildings, providing flexible options for storage, workshops, or other specialty commercial activities supported by the existing electrical infrastructure.
The site has approximately 40 feet of frontage on US-31 North and additional access from McLachlan Road. The property borders A Ga Ming golf course.
Overall, the property is configured as a single site with multiple usable buildings, providing flexible options for storage, workshops, or other specialty commercial activities supported by the existing electrical infrastructure.
Local 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 | $28.1k | $8.04 |
| − Vacancy | −$1.0k | −$0.30 |
| EGI | $27.1k | $7.74 |
| − OpEx | −$4.1k | −$1.16 |
| NOI | $23.0k | $6.58 |
3,500 SF · lease $8.04/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$329.1K
$287.9K – $383.9K
NOI $23,034 @ 7.0% cap · market cap 7.09%
Second Best
Industrial
$271.0K
$237.1K – $316.2K
NOI $18,969 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$622.9K
$545.0K – $726.7K
NOI $43,600 @ 7.0% cap · market cap 13.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Steel-framed pole building with concrete floor and electrical service plus historic barn and schoolhouse on 2.29 acres.
Where is this flex space located?
The property is located at 12924 McLachlan Road Kewadin, MI.
What is the asking price?
The asking price for this property is $324,900.
