Commercial Pole Building & Barn
000 Mclachlan Road Kewadin, MI 49648
For Sale
Contact for pricing
Includes a steel-framed pole building with concrete flooring and electricity plus historic barn and schoolhouse structures on a commercially accessible site.
Property Size3,500 SF
Lot Size2.29 Acres
Price / SF$92.83
Days on Market31
Property Features for 000 Mclachlan Road
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Lot size
- 2.29 Acres
- Property subtype
- Land
Building Details
- Year Built
- 1900
Listing Agency:
Coldwell Banker Schmidt Realtors
Listed By:
Sandra Ehlers · License #MI 6501396385
Source:
Crexi
Added: Jun 24
Changed: Jul 23
Last Checked: Jul 23 at 5:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Schmidt Realtors
Investment Insights
Based on property information with market context.
This commercial property includes a well-maintained 40' x 60' steel framed pole building with a concrete floor, electricity, and a 220-volt outlet. Additional improvements include a historic barn with stone walls and exposed beams and an electrical service, along with a historic one-room schoolhouse and a separate hay storage building.
The site offers approximately 40 feet of frontage on US-31 North, with additional access from McLachlan Road. The property is located in Torch Lake Township and borders a golf course.
Offered for sale, the combination of an operating-ready pole building and multiple historic structures provides a flexible setting for commercial or storage-related uses, subject to applicable requirements.
The site offers approximately 40 feet of frontage on US-31 North, with additional access from McLachlan Road. The property is located in Torch Lake Township and borders a golf course.
Offered for sale, the combination of an operating-ready pole building and multiple historic structures provides a flexible setting for commercial or storage-related uses, subject to applicable requirements.
Key Highlights
- 2.29‑acre commercial property in Torch Lake Township with frontage on US‑31 North and additional access from McLachlan Rd
- 40' x 60' steel‑framed pole building with concrete floor, electricity, and a 220‑volt outlet
- Historic barn with stone walls and exposed beams, plus electrical service
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 | $28.1k | $8.04 |
| − Vacancy | −$1.0k | −$0.30 |
| EGI | $27.1k | $7.74 |
| − OpEx | −$4.1k | −$1.16 |
| NOI | $23.0k | $6.58 |
3,500 SF · lease $8.04/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$329.1K
$287.9K – $383.9K
NOI $23,034 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$622.9K
$545.0K – $726.7K
NOI $43,600 @ 7.0% cap · market cap 13.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - Includes a steel-framed pole building with concrete flooring and electricity plus historic barn and schoolhouse structures on a commercially accessible site.
Where is this commercial land located?
The property is located at 000 Mclachlan Road Kewadin, MI.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 2.29‑acre commercial property in Torch Lake Township with frontage on US‑31 North and additional access from McLachlan Rd; 40' x 60' steel‑framed pole building with concrete floor, electricity, and a 220‑volt outlet; Historic barn with stone walls and exposed beams, plus electrical service
