Heated Storage Warehouse with
8517 McBride Park Drive Harbor Springs, MI 49740
For Sale
$265,000
COMMERCIAL - Harbor Springs, MI
Property Size1,650 SF
Price / SF$160.61
Days on Market23
Property Features for 8517 McBride Park Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- L1
- Standard status
- Active
- APN
- 08-16-14-306-103
- Size
- 1,650 SF
Taxes and HOA fees
- Tax Description
- MAP NORTH CONDOMINIUM, PLAN #359, UNIT #3, SECTION 14, T35N, R5W.
Utilities
- Heating system
- Natural Gas
Building Details
- Building materials
- Wood Frame
- Roof type
- Metal
Listing Agency:
Graham Real Estate
(231) 526-6251
Listed By:
Kevin Olson
(231) 881-7303
Added: Jul 3
Last Checked: Jul 25 at 8:06AM
MLS# 480013
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.
This heated storage warehouse offers a single, spacious unit measuring approximately 30' x 45', with a 14-foot overhead door for convenient loading and unloading. The building is well insulated with 12 inches of ceiling insulation, designed to help maintain comfortable temperatures year-round. In addition to the main storage area, a staircase leads to an expansive 45' x 10' loft, which can serve as extra storage or be customized for a workshop, hobby space, or other personal use.
The property is located at 8517 McBride Park Drive in Harbor Springs, MI, and is described as being conveniently situated between Harbor Springs and Petoskey. Ownership also includes access to a nearby community restroom and an on-site water hookup, which can be useful for washing boats, vehicles, and equipment after outdoor activities.
With its combination of heated storage, an oversized overhead door, and dedicated loft space, the property is well suited for buyers seeking a flexible setup for storing boats, classic cars, RVs, recreational vehicles, or household belongings. The insulation and interior configuration support year-round use, while the water access and restroom option add practicality for ongoing ownership and day-to-day maintenance.
The property is located at 8517 McBride Park Drive in Harbor Springs, MI, and is described as being conveniently situated between Harbor Springs and Petoskey. Ownership also includes access to a nearby community restroom and an on-site water hookup, which can be useful for washing boats, vehicles, and equipment after outdoor activities.
With its combination of heated storage, an oversized overhead door, and dedicated loft space, the property is well suited for buyers seeking a flexible setup for storing boats, classic cars, RVs, recreational vehicles, or household belongings. The insulation and interior configuration support year-round use, while the water access and restroom option add practicality for ongoing ownership and day-to-day maintenance.
Key Highlights
- Heated storage unit approx. 30' x 45' with natural gas heating
- Features a 14‑foot overhead door for storing boats, classic cars, RVs, recreational vehicles, or household items
- Includes a 45' x 10' loft accessed by staircase for added storage or customization
Financial Insights For Self Storage
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 | $33.1k | $20.04 |
| − Vacancy | −$2.3k | −$1.40 |
| EGI | $30.8k | $18.64 |
| − OpEx | −$9.2k | −$5.59 |
| NOI | $21.5k | $13.05 |
1,650 SF · lease $20.04/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$373.4K
$326.7K – $435.7K
NOI $26,139 @ 7.0% cap · market cap 9.86%
Second Best
Self Storage
$307.5K
$269.1K – $358.8K
NOI $21,526 @ 7.0% cap · market cap 8.12%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
FAQs
What type of property is this?
Self storage facility - Heated storage with a 14-foot overhead door and loft space supports seasonal vehicle and equipment storage needs.
Where is this self storage facility located?
The property is located at 8517 McBride Park Drive Harbor Springs, MI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Heated storage unit approx. 30' x 45' with natural gas heating; Features a 14‑foot overhead door for storing boats, classic cars, RVs, recreational vehicles, or household items; Includes a 45' x 10' loft accessed by staircase for added storage or customization
