Woodshop and Workshop
21220 Creamery Road Chassell, MI 49916
21220 Creamery Road, Chassell, MI, 49916
$725,000
For Sale
$725,000
COMMERCIAL - Chassell, MI
Property Size2,672 SF
Lot Size3.56 Acres
Price / SF$271.33
Days on Market61
Property Features for 21220 Creamery Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- Size
- 2,672 SF
- Lot size
- 3.56 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3566
Utilities
- Heating system
- Forced Air
- Water source
- Well
Building Details
- Year built
- 1989
- Roof type
- Shingle, Metal
- Additional Structures
- Workshop
Listing Agency
STATE WIDE OF HOUGHTON
(906) 482-6955
500 SHELDON AVE, HOUGHTON, MI
Listed by
KEVIN LIIMATTA · License #UPAR
(906) 370-4440
Added: May 19 Checked: Jul 18 at 3:06 pm
MLS# 50208133
Copyright © 2026 Upper Peninsula Association 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.
Investment Insights
Based on property information with market context.
This for-sale commercial flex/workshop property is being sold as real property and included business assets from a retiring local general contractor. The offering includes a main building with an office and woodshop, a pole building warehouse with clear-span space, and several additional storage and workshop structures. The main woodshop measures 36x60 with a 16x32 office addition, with a 10x34 wood shed at the rear. The pole building warehouse is 32x44 clear span with large sliding barn doors and electric service, and there is also a 24x70 lean-to shed with a high roof and open front for easier access. An older semi trailer is also included for bonus storage.
The property sits on 3.56 acres in a rural setting and is listed with commercial zoning. The seller maintains a security system and reports that the main office and woodshop are heated with wood, with propane furnace backup.
Recent updates include LED lighting in the main building. The seller states a complete equipment list is available for serious buyers and requires prequalification prior to showings.
The property sits on 3.56 acres in a rural setting and is listed with commercial zoning. The seller maintains a security system and reports that the main office and woodshop are heated with wood, with propane furnace backup.
Recent updates include LED lighting in the main building. The seller states a complete equipment list is available for serious buyers and requires prequalification prior to showings.
Key Highlights
- 3.56‑acre rural commercial‑improved property being sold as real property plus business assets
- 1989 main building with forced air heating and wood heating for the main office and woodshop (about 5 cords/winter) plus propane backup furnace
- Main woodshop is 36x60 with a 16x32 office addition; includes a 10x34 wood shed
Local Financial Insights For Flex RnD
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 | $56.4k | $21.12 |
| − Vacancy | −$5.7k | −$2.13 |
| EGI | $50.7k | $18.99 |
| − OpEx | −$17.8k | −$6.65 |
| NOI | $33.0k | $12.34 |
2,672 SF · lease $21.12/SF/yr · vacancy 10.10% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$471.1K
$412.2K – $549.6K
NOI $32,976 @ 7.0% cap · market cap 4.55%
Second Best
Warehouse
$262.5K
$229.7K – $306.3K
NOI $18,376 @ 7.0% cap · market cap 2.53%
Theoretical Best
Multifamily LT 5
$33.04M
$28.91M – $38.55M
NOI $2,312,718 @ 7.0% cap · market cap 319.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Chassell Carpentry & Woodwork
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex-style commercial property includes a main woodshop building, clear-span pole warehouse, and multiple work/storage structures on 3.56 acres.
Where is this flex space located?
The property is located at 21220 Creamery Road Chassell, 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: 3.56‑acre rural commercial‑improved property being sold as real property plus business assets; 1989 main building with forced air heating and wood heating for the main office and woodshop (about 5 cords/winter) plus propane backup furnace; Main woodshop is 36x60 with a 16x32 office addition; includes a 10x34 wood shed
