1893 Pine Tree Drive Grawn, MI 49637
COMMERCIAL - Grawn, MI
Property Features for 1893 Pine Tree Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Exterior features
- Vinyl, Aluminum
- Standard status
- Active
- Size
- 14,929 SF
- Lot size
- 18.10 Acres
Taxes and HOA fees
- Tax Description
- 07-011-033-00 GL 138 A-2 N 264' OF S 643.5' OF W 660' OF SW 1/4 OF SE 1/4 ALSO THE S. 23 RDS OF W. 34 RDS OF THE FOLLOWING - THAT PART OF THE SW 1/4 OF THE SE 1/4 LYING S OF R.R. SECT 11 T26N R12W
Utilities
- Water source
- Private
Building Details
- Building materials
- Steel, Frame
- Roof type
- Asphalt, Metal
Listing agent Kevin Query (231) 632-9596
Listing office Manitou Commercial Real Estate, LLC 4020 Copper Ridge, Ste.129, Traverse City, MI (231) 632-9596
Listing date Jan 5, 2026
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.
The site offers more than 2,700 linear feet of frontage on US-31, supporting strong visibility and straightforward ingress and egress. Zoning is described as industrial, mixed-use, and residential, which can support a broad range of commercial, operational, or redevelopment uses, depending on a buyer’s plans.
As a multi-parcel, multi-improvement property on a high-traffic corridor, it may be well suited for owners or investors looking for a single assembly with both commercial and residential components.
Key Highlights
- 18‑acre property made up of three contiguous parcels with 2,700+ linear feet of frontage on US‑31
- Multiple buildings plus residential structures and laydown space for flexible use and expansion
- US‑31 frontage with parking lot on‑site and support for easy ingress and egress
Local Financial Insights For Industrial
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 | $134.4k | $9.00 |
| − Vacancy | −$10.1k | −$0.68 |
| EGI | $124.3k | $8.33 |
| − OpEx | −$37.3k | −$2.50 |
| NOI | $87.0k | $5.83 |
