Flex and Industrial Property with
For Sale
$2,100,000
3765 & 3769 S US 31 Highway, Brutus, MI 49716
COMMERCIAL - Brutus, MI
Property Size10,800 SF
Lot Size24.00 Acres
Price / SF$194.44
Days on Market50
Property Features for 3765 & 3769 S US 31 Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
FF-1 & B-2
Elementary school district
Pellston
Middle school district
Pellston
High school district
Pellston
Directions
US 31 north to Brutus. Just north of Brutus road look for sign on East side of road. Follow drive back to building.
Subdivision
Maple River
Standard status
Active
APN
09-14-22-400-011 ans 022
Size
10,800 SF
Lot size
24.00 Acres
Taxes and HOA fees
Tax Description
Tax ID # 09-14-22-400-011 and 09-14-22-400-022
Legal Description
Tax ID # 09-14-22-400-011 and 09-14-22-400-022
Utilities
Heating system
Electric (Heating)
Water source
Well
Amenities
covered storage
Building Details
Year built
2022
Building materials
Steel Frame
Roof type
Metal
Listing Agency:
Graham Real Estate
(231) 526-6251
Listed By:
Kevin Olson
(231) 881-7303
Added: Jun 18
Changed: Aug 4
Last Checked: Aug 6 at 2:06AM
MLS# 479501
Copyright © 2026 Northern Michigan 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 property includes a 10,000+ square foot building with two offices and a restroom, along with additional covered storage of approximately 1,200 square feet located on the backside. Set on about 24 acres, the site is configured for flexibility, with two separately zoned parcels supporting a range of commercial and industrial directions. The zoning is split, with the front acreage zoned B-2 and the rear acreage zoned FF-1.
On-site utilities include 480-volt three-phase electrical service already in place, which can support a variety of industrial and commercial uses. The property also has an artesian well, and the water system has been updated with new pumps and mechanical components.
For buyers, this offering combines functional building space with meaningful site area and zoning differentiation. It may be a practical fit for operators who need on-site office support alongside industrial space, and who want acreage that can accommodate expansion or separate operational areas under the property’s existing zoning framework.
On-site utilities include 480-volt three-phase electrical service already in place, which can support a variety of industrial and commercial uses. The property also has an artesian well, and the water system has been updated with new pumps and mechanical components.
For buyers, this offering combines functional building space with meaningful site area and zoning differentiation. It may be a practical fit for operators who need on-site office support alongside industrial space, and who want acreage that can accommodate expansion or separate operational areas under the property’s existing zoning framework.
Key Highlights
- 10,000+ SF steel frame building with 2 offices and a restroom, plus additional 1,200 SF covered storage
- Approximately 24 acres with two separately zoned parcels for development flexibility
- Front 15 acres zoned B‑2; rear 9 acres zoned FF‑1
Financial Insights For Warehouse
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 | $216.4k | $20.04 |
| − Vacancy | −$15.2k | −$1.40 |
| EGI | $201.3k | $18.64 |
| − OpEx | −$30.2k | −$2.80 |
| NOI | $171.1k | $15.84 |
10,800 SF · lease $20.04/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.44M
$2.14M – $2.85M
NOI $171,089 @ 7.0% cap · market cap 8.15%
Second Best
Industrial
$2.01M
$1.76M – $2.35M
NOI $140,897 @ 7.0% cap · market cap 6.71%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49716, MI
775
Population
639
Households
1.2
Avg Household Size
55
Median Age
32%
College-Educated
95%
High-School Grad
22.9 sq mi
ZIP Area
34
Density / Sq Mi
$82,438
Median Household Income
$30,250
Median Earnings
$252,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Multi-zoned flex/industrial building with offices, updated well system, and covered storage plus room for expansion on 24 acres.
Where is this flex space located?
The property is located at 3765 & 3769 S US 31 Highway Brutus, MI.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 10,000+ SF steel frame building with 2 offices and a restroom, plus additional 1,200 SF covered storage; Approximately 24 acres with two separately zoned parcels for development flexibility; Front 15 acres zoned B‑2; rear 9 acres zoned FF‑1
