New Pole Building Near
S M-66 lot 3 Mancelona, MI 49659
S M-66 lot 3, Mancelona, MI, 49659
$179,000
For Sale
$179,000
LAND - Mancelona, MI
Property Size2,560 SF
Price / SF$69.92
Days on Market71
Property Features for S M-66 lot 3
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- Part of: 05-11-109-012-10
- Size
- 2,560 SF
Taxes and HOA fees
- Tax Description
- Lot 3 Mancelona Meadows - Part of: NW 1/4 SEC 9 T29N R6W 160 A
Utilities
- Water source
- Well
Listing agency
smith realty GROUP
(989) 732-2477
Listed by
Ryan Wojan · License #6506047353
(312) 545-8596
Added: May 13 Updated: May 14 at 10:42AM Checked: Jul 22 at 7:06PM
MLS# 201840023
Copyright © 2026 Water Wonderland Board of Realtors®. 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 property features a new 64x40 pole building, strategically located near US-131. It is situated in the newly developed Mancelona Meadows of M-66. The structure includes a 5'' well, a concrete floor, and a full electric installation. It features 16' sidewalls and two 12x14 overhead doors. Located in an unzoned township, this property allows for maximum flexibility, making it suitable for both personal and commercial use. It is ready to accommodate various needs and facilitate the convenient storage of boats, vehicles, or business equipment. This location offers opportunities to tailor to specific requirements, whether for establishing a business hub, extra storage, or a workshop.
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 | $20.6k | $8.04 |
| − Vacancy | −$762 | −$0.30 |
| EGI | $19.8k | $7.74 |
| − OpEx | −$5.9k | −$2.32 |
| NOI | $13.9k | $5.42 |
2,560 SF · lease $8.04/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Industrial
$198.2K
$173.4K – $231.3K
NOI $13,875 @ 7.0% cap · market cap 7.75%
Second Best
Flex RnD
$156.4K
$136.9K – $182.5K
NOI $10,950 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$455.6K
$398.6K – $531.5K
NOI $31,890 @ 7.0% cap · market cap 17.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - New 64x40 pole building with well, electric, and concrete floor.
Where is this flex space located?
The property is located at S M-66 lot 3 Mancelona, MI.
What is the asking price?
The asking price for this property is $179,000.
