Warehouse Unit with Oversized
For Sale
$170,000
11724 North Star Drive Unit 20, Charlevoix, MI 49720
Insulated vehicle-storage space with high ceilings, LED lighting, wall outlets, and 200-amp electrical service.
Property Size1,800 SF
Price / SF$94.44
Days on Market112
Property Features for 11724 North Star Drive Unit 20
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
1
Power
200 amps
Listing Agency:
Berkshire Hathaway HomeServices Real Estate
Listed By:
Alex Konopaske · License #6501446317
(269) 223-2635
Source:
Harborsir
Added: Jun 30
Changed: Oct 16
Last Checked: Oct 16 at 9:08AM
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 Berkshire Hathaway HomeServices Real Estate
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Investment Insights
Based on property information with market context.
Warehouse Unit 20 offers 1800 square feet of enclosed storage space at 11724 - 11730 North Star Drive in Charlevoix, Michigan. The unit accommodates oversized vehicles through a 14’ x 14’ insulated overhead door, while 14-foot ceilings and scissor trusses provide substantial vertical clearance. An insulated entry door adds another layer of enclosure and protection.
Interior improvements include energy-efficient LED ceiling lighting, ample wall outlets, and a 200-amp electrical panel. The configuration is suited to storage of large boats, RVs, trailers, and other equipment requiring generous access and headroom.
Interior improvements include energy-efficient LED ceiling lighting, ample wall outlets, and a 200-amp electrical panel. The configuration is suited to storage of large boats, RVs, trailers, and other equipment requiring generous access and headroom.
Key Highlights
- 1800‑square‑foot warehouse unit at 11724 - 11730 North Star Drive
- 14’ x 14’ insulated overhead door accommodates large boats, RVs, and trailers
- 14‑foot ceilings with scissor trusses provide generous vertical clearance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,715
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,300
$274.3K
Cap Rate 7%
$195,929
$195.9K
Cap Rate 9%
$152,389
$152.4K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$17.9K $9.96/SF
− Vacancy
−$1.8K −$1.00/SF
EGI
$16.1K $8.96/SF
− OpEx
−$2.4K −$1.34/SF
NOI
$13.7K $7.62/SF
Area
Charlevoix County, MI
Vacancy
10.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,300
Cap Rate 7%
$195,929
Cap Rate 9%
$152,389
Alternative Uses
Best Use
Warehouse
$195.9K
$171.4K – $228.6K
NOI $13,715 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$364.4K
$318.8K – $425.1K
NOI $25,505 @ 7.0% cap · market cap 15.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
14 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49720, MI
9,127
Population
6,236
Households
1.5
Avg Household Size
52
Median Age
38%
College-Educated
97%
High-School Grad
95.5 sq mi
ZIP Area
96
Density / Sq Mi
$76,127
Median Household Income
$41,563
Median Earnings
$985
Median Rent
$265,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - Insulated vehicle-storage space with high ceilings, LED lighting, wall outlets, and 200-amp electrical service.
Where is this warehouse located?
The property is located at 11724 North Star Drive Unit 20 Charlevoix, MI.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: 1800‑square‑foot warehouse unit at 11724 - 11730 North Star Drive; 14’ x 14’ insulated overhead door accommodates large boats, RVs, and trailers; 14‑foot ceilings with scissor trusses provide generous vertical clearance
