Flex Building with Retail Warehouse
13240 US 131 Highway N Schoolcraft, MI 49087
13240 US 131 Highway N, Schoolcraft, MI, 49087
$867,000
For Sale
$867,000
COMMERCIAL - Schoolcraft, MI
Property Size10,354 SF
Lot Size7.53 Acres
Price / SF$83.74
Days on Market17
Property Features for 13240 US 131 Highway N
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking
- 40
- Interior features
- Broadband
- Standard status
- Active
- APN
- 14-18-130-051
- Size
- 10,354 SF
- Lot size
- 7.53 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Metes & Bounds
- Tax Annual Amount
- 10700
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Septic Tank
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 1975
- Floors in Building
- 2
- Number of units
- 1
- Building materials
- Aluminum Siding
- Roof type
- Metal
Listing Agency
RE/MAX Advantage
(269) 323-3900
7127 S Westnedge Ave, S#2, Portage, MI
Listed by
Shelly Pattison · License #6501250397
(269) 217-4825
Added: Jul 1 Checked: Jul 17 at 5:06 am
MLS# 26033237
Copyright © 2026 Michigan Regional Information Center, LLC. 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 flex building totals 10,350 square feet on a 7.53-acre site and is arranged to support both customer-facing and operational needs. The front portion is built out as a retail/showroom area with impressive 12-foot ceilings, abundant customer space, and two 8-foot grade-level overhead doors. The rear warehouse and storage area features 14-foot ceilings and includes additional 8-foot and 10-foot overhead doors to support day-to-day logistics, service, or production.
The property is positioned for visibility along US-131 in the Schoolcraft Business Corridor, with room for parking and potential site expansion. On-site utilities include natural gas and both single-phase and 3-phase electrical service.
A mezzanine level adds additional usable space for offices, conference rooms, and storage, helping consolidate functions on one site. The combination of retail/showroom frontage and multiple grade-level overhead doors makes the property workable for a range of commercial users, including operations that need both customer access and warehouse capabilities.
The property is positioned for visibility along US-131 in the Schoolcraft Business Corridor, with room for parking and potential site expansion. On-site utilities include natural gas and both single-phase and 3-phase electrical service.
A mezzanine level adds additional usable space for offices, conference rooms, and storage, helping consolidate functions on one site. The combination of retail/showroom frontage and multiple grade-level overhead doors makes the property workable for a range of commercial users, including operations that need both customer access and warehouse capabilities.
Key Highlights
- Highly visible commercial property with exceptional frontage along US‑131 in the Schoolcraft Business Corridor
- 7.53‑acre site with a 10,350 SF building designed for commercial and industrial use
- Front retail/showroom area with 12 ft ceilings plus customer‑facing space and two 8‑ft grade‑level overhead doors
Local Financial Insights For Retail
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 | $124.2k | $12.00 |
| − Vacancy | −$22.2k | −$2.15 |
| EGI | $102.0k | $9.85 |
| − OpEx | −$30.6k | −$2.96 |
| NOI | $71.4k | $6.90 |
10,354 SF · lease $12.00/SF/yr · vacancy 17.90% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$2.71M
$2.37M – $3.16M
NOI $189,660 @ 7.0% cap · market cap 21.88%
Second Best
Industrial
$2.23M
$1.95M – $2.60M
NOI $156,191 @ 7.0% cap · market cap 18.02%
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
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Front retail/showroom space with grade-level overhead doors pairs with warehouse height and a mezzanine for office and storage.
Where is this flex space located?
The property is located at 13240 US 131 Highway N Schoolcraft, MI.
What is the asking price?
The asking price for this property is $867,000.
What are key features of this property?
This property features: Highly visible commercial property with exceptional frontage along US‑131 in the Schoolcraft Business Corridor; 7.53‑acre site with a 10,350 SF building designed for commercial and industrial use; Front retail/showroom area with 12 ft ceilings plus customer‑facing space and two 8‑ft grade‑level overhead doors
