Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    206 E Park Drive Kalkaska, MI 49646

    View on Map
    For Sale
    $725,000

    COMMERCIAL - Kalkaska, MI

    Property size:
    84,506 SF
    Lot size:
    1.94 Acres
    Added:
    Feb 24, 2026
    Days on Market:
    36
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 206 E Park Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Industrial
    Standard status
    Active
    APN
    011-435-000-028-00
    Size
    84,506 SF
    Lot size
    1.94 Acres

    Taxes and HOA fees

    TaxDescription
    LOT 13 THE NE 1/4 OF SW 1/4 INDUSTRIAL SUBDIVISION SEC 16 T27N-R7W

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Building materials
    Steel Siding

    We can help!

    Listing Contact
    Callie Bertram

    Listing agent Callie Bertram

    Listing office Real Estate One of Gaylord 110 W Main St, Gaylord, MI

    Listing date Feb 24, 2026

    MLS# 201838828

    Copyright © 2026 Water Wonderland Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Cultivation Facility

    This turn-key cultivation facility is located on an industrially zoned property. It features a 4,100 square foot building and fully equipped outdoor grow pods. The property offers flexibility for investors and operators to continue as a cannabis cultivation facility or convert the property back to traditional industrial use. The grow operation is housed in pod containers positioned outside the main building, creating an efficient and controlled cultivation environment while preserving the full functionality of the interior space. All equipment is included in the sale. The 5,000 square foot building offers dedicated office space and warehouse space, supported by heavy power to handle high-demand operations. Three 12-foot overhead doors along with one 10-foot overhead door provide accessibility for loading, distribution, and general industrial use. The property size is 84,506 square feet. With industrial zoning and substantial infrastructure already in place, this property delivers versatility, functionality, and long-term value. The property is located in Kalkaska, MI 49646.
    Location Intelligence

    Current Use by Public Records

    Flowtek Inc Oilfield

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kalkaska
    County
    Kalkaska
    State
    Michigan
    Longitude
    -85.166396
    Latitude
    44.733334

    Nearby Similar for Sale

    • $839,650
      2,618 SF

      Turnkey Inn on Blue Bear Trail

      Established inn with modern facilities and prime trail access.
      19 W Bear Lake, Kalkaska, MI 49646
      View Details
    • $420,000
      5,920 SF

      Kalkaska Industrial Zoned Property

      Industrial property with heavy power and ample parking in Kalkaska.
      103 S Essex Street, Kalkaska, MI 49646
      View Details
    • $2,900,000
      31,000 SF

      Kalkaska Warehouse with Office Space

      31,000+ sqft warehouse with offices in Kalkaska, Michigan.
      210 W Park, Kalkaska, MI 49646
      View Details
    • $65,000
      4,978 SF

      Kalkaska Mixed-Use Barn Conversion

      Two-story barn in Kalkaska with water and sewer connections.
      406 Maple Street, Kalkaska, MI 49646
      View Details
    • $175,000
      1,842 SF

      Kalkaska Warehouse with Office Space

      Industrial warehouse with office area on 0.54 acres.
      315 E Dresden Street, Kalkaska, MI 49646
      View Details
    • $170,000
      1,090 SF

      Kalkaska Office Building For Sale

      Office space in high-visibility location with traffic on 131.
      522 S Cedar, Kalkaska, MI 49646
      View Details
    • $749,999
      14,835 SF

      Kalkaska Commercial Building on 9 Acres

      14,835 sq ft building on 9 acres in Kalkaska.
      890 Island Lake Road, Kalkaska Township, MI 49646
      View Details
    • $179,000
      1,998 SF

      Kalkaska Warehouse with Office Space

      Industrial warehouse with office area on 0.54 acres.
      315 E Dresden Street, Kalkaska, MI 49646
      View Details
    • $1,600,000
      11,060 SF

      Freestanding Building in Kalkaska, MI

      11,060 SF vacant building on 1.81 acre lot.
      902 North Cedar Street, Kalkaska, MI 49646
      View Details
    • $359,000
      1,728 SF

      Kalkaska Commercial Property on Corner

      Commercial property on 1.3 acres with versatile setup in Kalkaska.
      810 N Birch Street, Kalkaska, MI 49646
      View Details
    • $350,000
      2,922 SF

      2,922 SF Office Building on 0.34 AC For Sale

      2,922 SF office building in downtown Kalkaska on 0.34 acres.
      218 S Cedar Street, Kalkaska, MI 49646
      View Details
    • $1,220,000
      10,640 SF

      Freestanding Dollar General in Kalkaska

      Single tenant Dollar General with absolute NNN lease structure.
      10881 M 72 E, Kalkaska, MI
      View Details

    FAQs

    What type of property is this?
    Cannabis property - Industrially zoned property with cultivation facility and warehouse space.
    Where is this cannabis property located?
    The property is located at 206 E Park Drive Kalkaska, MI.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: Turn‑key cultivation facility with all equipment included for immediate operation.; Industrially zoned property suitable for cannabis cultivation or traditional industrial use.; **4,100 square foot building with dedicated office and warehouse space.**
    (231) 640-0696
    We can help!
    Listing Contact
    Callie Bertram
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!