05321 Block Road Charlevoix, MI 49720
Five-acre industrial-zoned property with prime US-31 South road frontage and a commercial building.
Property Features for 05321 Block Road
General Information
- Standard status
- Active
- Size
- 9,600 SF
- Lot size
- 5.00 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2019
Listing office Real Estate One - Charlevoix
Listing date Jun 1, 2026
Source Harborsir
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Investment Insights
Based on property information with market context.
The property has prime road frontage on US-31 South and is located just two miles south of Charlevoix “the Beautiful,” a Lake Michigan destination.
With its industrial zoning and highway frontage, the property offers a straightforward setup for prospective owners evaluating an industrial site for their business needs.
Key Highlights
- 5‑acre property zoned Industrial
- Prime road frontage on US‑31 South
- Located two miles south of Charlevoix
Local 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 | $95.6k | $9.96 |
| − Vacancy | −$9.6k | −$1.00 |
| EGI | $86.1k | $8.96 |
| − OpEx | −$12.9k | −$1.34 |
| NOI | $73.1k | $7.62 |
