Flex Building with Overhead
8722 US-31 Grawn, MI 49637
8722 US-31, Grawn, MI, 49637
$619,000
For Sale
$619,000
COMMERCIAL - Grawn, MI
Property Size6,720 SF
Lot Size0.76 Acres
Price / SF$92.11
Days on Market524
Property Features for 8722 US-31
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking features
- Parking Lot
- Exterior features
- Vinyl
- Standard status
- Active
- Size
- 6,720 SF
- Lot size
- 0.76 Acres
Taxes and HOA fees
- Tax Description
- GL 123-6 E 100' OF W 1586' OF S 330' OF SW 1/4 SEC 10 T26N R12W
Utilities
- Water source
- Private
Building Details
- Building materials
- Frame
- Roof type
- Asphalt
Listing Agency
Bouwman Realty Group
(231) 631-4919
2784 M-137, Interlochen, MI
Listed by
Laurie Bouwman
(231) 631-4919
Added: Feb 9, 2025 Checked: Jul 18 at 4:06 am
MLS# 1930749
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.
This quality-built 6,720-square-foot commercial flex building is configured with an open main layout and dedicated wet areas, including two bathrooms. The front offers retail and office space, while the second floor is set up for a potential separate unit, including plumbing for a kitchen and bathroom and a deck overlooking the wooded back lot. The main level also includes a full kitchen and a commercial foyer entrance.
At the rear, the building includes 12-foot overhead garage doors designed for heavy equipment, with an additional garage door entrance on the side. Interior systems include a hot water boiler with radiant heat, and the property has metallic cable wiring and fiber/optic cable.
Additional amenities include ample on-site parking and a cement approach with curbing. The building sits on approximately 0.76 acres and includes room to expand along the front side.
At the rear, the building includes 12-foot overhead garage doors designed for heavy equipment, with an additional garage door entrance on the side. Interior systems include a hot water boiler with radiant heat, and the property has metallic cable wiring and fiber/optic cable.
Additional amenities include ample on-site parking and a cement approach with curbing. The building sits on approximately 0.76 acres and includes room to expand along the front side.
Key Highlights
- 6,720 SF commercial building on US‑31 with high traffic count
- Two 12‑ft overhead garage doors in back plus a side garage door for heavy equipment access
- Hot water boiler radiant heat and metallic cable wiring throughout; optic cable available
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 | $60.5k | $9.00 |
| − Vacancy | −$4.5k | −$0.68 |
| EGI | $55.9k | $8.33 |
| − OpEx | −$16.8k | −$2.50 |
| NOI | $39.2k | $5.83 |
6,720 SF · lease $9.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.38M
NOI $83,091 @ 7.0% cap · market cap 13.42%
Second Best
Flex RnD
$988.9K
$865.3K – $1.15M
NOI $69,221 @ 7.0% cap · market cap 11.18%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,187 @ 7.0% cap · market cap 16.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 6,720 SF flex building with multiple overhead garage doors, radiant heat, and office/retail space plus a plumbed second-floor unit.
Where is this flex space located?
The property is located at 8722 US-31 Grawn, MI.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: 6,720 SF commercial building on US‑31 with high traffic count; Two 12‑ft overhead garage doors in back plus a side garage door for heavy equipment access; Hot water boiler radiant heat and metallic cable wiring throughout; optic cable available
