Commercial Property with Pole
8890 US-131 S Grawn, MI 49637
8890 US-131 S, Grawn, MI, 49637
$297,000
For Sale
$297,000
COMMERCIAL - Grawn, MI
Property Size1,836 SF
Lot Size0.76 Acres
Price / SF$161.76
Days on Market138
Property Features for 8890 US-131 S
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Exterior features
- Wood
- Standard status
- Active
- Size
- 1,836 SF
- Lot size
- 0.76 Acres
Taxes and HOA fees
- Tax Description
- E 100 FT OF W 600 FT OF S 330 FT OF SW 1/4 OF SW 1/4 SEC 10 T26N R12W
Utilities
- Water source
- Private
Building Details
- Building materials
- Frame
Listing Agency
Bouwman Realty Group
(231) 631-4919
2784 M-137, Interlochen, MI
Listed by
Laurie Bouwman
(231) 631-4919
Added: Mar 2 Checked: Jul 18 at 4:06 am
MLS# 1942619
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 offering combines multiple structures on a single commercial-zoned parcel. The front portion includes a 1,836-square-foot building. Behind it is a 40 by 24 pole barn with heat and electric. The site also includes a residential home currently on the property, with up to four bedrooms, a fieldstone fireplace, and included appliances. Public remarks note newer systems, including the water heater and furnace.
The property sits on nearly 0.76 acres and includes approximately 100 feet of road frontage, providing direct visibility along a major corridor. The location is described as very near Interlochen Corners and within reach of Interlochen Village and Interlochen Center for the Arts, with Traverse City also in the surrounding area.
The commercial zoning and existing on-site improvements make this a workable fit for an owner-operator approach, whether you intend to keep the home as a residence or rental, start a home-based business, or open a new business utilizing the existing commercial infrastructure. Prospective tenants, buyers, and investors can review the configuration for multi-use continuity across the residential home, front building, and heated pole barn while considering the property’s current residential occupancy and commercial entitlement.
The property sits on nearly 0.76 acres and includes approximately 100 feet of road frontage, providing direct visibility along a major corridor. The location is described as very near Interlochen Corners and within reach of Interlochen Village and Interlochen Center for the Arts, with Traverse City also in the surrounding area.
The commercial zoning and existing on-site improvements make this a workable fit for an owner-operator approach, whether you intend to keep the home as a residence or rental, start a home-based business, or open a new business utilizing the existing commercial infrastructure. Prospective tenants, buyers, and investors can review the configuration for multi-use continuity across the residential home, front building, and heated pole barn while considering the property’s current residential occupancy and commercial entitlement.
Key Highlights
- 100 ft of road frontage on US Highway 31
- 1836 SF building plus a 40x24 heated and electrified pole barn
- Over 3/4 acre lot with private water source
Local Financial Insights For Apartment 5plus
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 | $33.0k | $18.00 |
| − Vacancy | −$1.3k | −$0.72 |
| EGI | $31.7k | $17.28 |
| − OpEx | −$14.3k | −$7.78 |
| NOI | $17.4k | $9.50 |
1,836 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$249.3K
$218.1K – $290.8K
NOI $17,449 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$398.8K
$349.0K – $465.3K
NOI $27,919 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Commercial-zoned property with a front building, heated/electrified pole barn, and a residential home on nearly 0.8 acres.
Where is this single family property located?
The property is located at 8890 US-131 S Grawn, MI.
What is the asking price?
The asking price for this property is $297,000.
What are key features of this property?
This property features: 100 ft of road frontage on US Highway 31; 1836 SF building plus a 40x24 heated and electrified pole barn; Over 3/4 acre lot with private water source
