Industrial Zoned Land
05321 Block Road Charlevoix, MI 49720
For Sale
$1,200,000
COMMERCIAL - Charlevoix, MI
Property Size9,600 SF
Lot Size5.00 Acres
Price / SF$125
Days on Market37
Property Features for 05321 Block Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Industrial
Standard status
Active
APN
011-005-015-65
Size
9,600 SF
Lot size
5.00 Acres
Taxes and HOA fees
Tax Description
COM S 1/4 COR SEC 5 T33N/R8W TH AL N&S1/4 LI SD SEC N00DEG34"08"E 1073.78 FT TO PT IN C/L BLOCK RD
Utilities
Heating system
Natural Gas
Water source
Well
Building Details
Year built
2019
Building materials
Steel Frame, Concrete
Roof type
Metal
Listing Agency:
Real Estate One - Charlevoix
(231) 547-5100
Listed By:
Dennis Mitchell
(231) 675-7651
Added: Jun 23
Changed: Jul 2
Last Checked: Jul 29 at 9:06PM
MLS# 479662
Copyright © 2026 Northern Michigan 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.
Offered for sale is a five-acre industrial-zoned land parcel located at 05321 Block Road in Charlevoix, Michigan. The property is zoned Industrial and is presented as a straightforward site for industrial development or related business use based on the existing zoning classification.
The parcel has prime road frontage on US-31 South and is located approximately two miles south of Charlevoix, a Lake Michigan destination. This combination of industrial zoning and direct highway frontage supports a wide range of site planning options for buyers evaluating industrial land.
The offering includes the stated lot size of five acres with the property currently characterized as industrial land.
The parcel has prime road frontage on US-31 South and is located approximately two miles south of Charlevoix, a Lake Michigan destination. This combination of industrial zoning and direct highway frontage supports a wide range of site planning options for buyers evaluating industrial land.
The offering includes the stated lot size of five acres with the property currently characterized as industrial land.
Key Highlights
- 5‑acre property with prime road frontage on US‑31 South
- Land is zoned Industrial
- Year built: 2019
Financial Insights For Flex RnD
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 | $153.2k | $15.96 |
| − Vacancy | −$12.0k | −$1.24 |
| EGI | $141.3k | $14.72 |
| − OpEx | −$49.4k | −$5.15 |
| NOI | $91.8k | $9.56 |
9,600 SF · lease $15.96/SF/yr · vacancy 7.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.31M
$1.15M – $1.53M
NOI $91,822 @ 7.0% cap · market cap 7.65%
Second Best
Industrial
$760.3K
$665.3K – $887.0K
NOI $53,222 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $136,028 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Five-acre industrial-zoned parcel with road frontage on US-31 South, located two miles south of Charlevoix.
Where is this flex space located?
The property is located at 05321 Block Road Charlevoix, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5‑acre property with prime road frontage on US‑31 South; Land is zoned Industrial; Year built: 2019
