Waterfront Industrial
222 Industrial Park Drive Elk Rapids, MI 49629
222 Industrial Park Drive, Elk Rapids, MI, 49629
$1,250,000
For Sale
$1,250,000
COMMERCIAL - Elk Rapids, MI
Property Size18,483 SF
Lot Size1.71 Acres
Price / SF$67.63
Days on Market254
Property Features for 222 Industrial Park Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Exterior features
- Block
- Standard status
- Active
- Size
- 18,483 SF
- Lot size
- 1.71 Acres
Taxes and HOA fees
- Tax Description
- Lengthy see documents.
Utilities
- Water front
- 1
Building Details
- Building materials
- Block
- Roof type
- Membrane
Listing Agency
Three West, LLC
(231) 929-2955
1131 E Eighth Street, Traverse City, MI
Listed by
Kevin Endres · License #6505352968
(231) 534-5225
Added: Nov 5, 2025 Checked: Jul 17 at 8:06 pm
MLS# 1940250
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.
222 Industrial Park is an 18,483-square-foot industrial building constructed in 2000 and presented in clean, well-maintained condition. The property is currently configured as manufacturing space, with ample room to support production and storage needs alongside dedicated office space. The building is also described as having heavy power, which supports a range of industrial and manufacturing activities, and is situated on a 1.71-acre site.
Located at 222 Industrial Park Drive in Elk Rapids, the facility offers direct waterfrontage on Bass Lake. The surrounding context is an established industrial park setting, providing practical access for industrial operations.
For tenants, buyers, or operators looking for a reliable manufacturing and distribution-type building, the combination of an industrial-ready interior layout, heavy power, and the inclusion of office space can streamline day-to-day operations. The listing also notes favorable zoning for industrial and manufacturing uses, making the property a straightforward fit for manufacturers or industrial businesses seeking a turnkey option in the area.
Located at 222 Industrial Park Drive in Elk Rapids, the facility offers direct waterfrontage on Bass Lake. The surrounding context is an established industrial park setting, providing practical access for industrial operations.
For tenants, buyers, or operators looking for a reliable manufacturing and distribution-type building, the combination of an industrial-ready interior layout, heavy power, and the inclusion of office space can streamline day-to-day operations. The listing also notes favorable zoning for industrial and manufacturing uses, making the property a straightforward fit for manufacturers or industrial businesses seeking a turnkey option in the area.
Key Highlights
- 18,483 SF industrial building constructed in 2000
- Direct waterfrontage on Bass Lake in Elk Rapids, MI
- Block construction with block exterior features
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 | $148.6k | $8.04 |
| − Vacancy | −$5.5k | −$0.30 |
| EGI | $143.1k | $7.74 |
| − OpEx | −$42.9k | −$2.32 |
| NOI | $100.2k | $5.42 |
18,483 SF · lease $8.04/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$1.74M
$1.52M – $2.03M
NOI $121,639 @ 7.0% cap · market cap 9.73%
Second Best
Industrial
$1.43M
$1.25M – $1.67M
NOI $100,173 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,246 @ 7.0% cap · market cap 18.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Trelleborg
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Turnkey manufacturing facility built in 2000 with heavy power, production and storage space, plus office areas.
Where is this manufacturing property located?
The property is located at 222 Industrial Park Drive Elk Rapids, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 18,483 SF industrial building constructed in 2000; Direct waterfrontage on Bass Lake in Elk Rapids, MI; Block construction with block exterior features
