Insulated Pole Barn with Overhead
11844 US-31 S Unit SourceFi Interlochen, MI 49643
For Sale
$325,000
Fully insulated pole construction building with 14' ceilings and two overhead doors, plus fenced outdoor yard.
Property Size1,920 SF
Lot Size1.26 Acres
Price / SF$169.27
Days on Market8
Property Features for 11844 US-31 S Unit SourceFi
General Information
Standard status
Active
Size
1,920 SF
Lot size
1.26 Acres
Property subtype
Industrial
Building Details
Year Built
1996
Listing Agency:
REO-TCRandolph-233022
(231) 640-0777
Listed By:
Renee Rosa
(231) 640-0777
Source:
Xome
Added: Jul 20
Changed: Jul 25
Last Checked: Jul 27 at 2:39AM
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 REO-TCRandolph-233022
Investment Insights
Based on property information with market context.
This one-of-a-kind commercial property features a 30-by-64 pole construction building that is fully insulated and heated, with 14' ceilings. The structure includes two overhead doors (12' and 10'), with concrete pads in front and at the rear. The interior space is divided into two separate areas, and the outdoor yard includes some fencing and additional outdoor space.
The property is offered for sale with commercial zoning and mixed use. It sits on a 1.26-acre parcel west of Interlochen Corners, with gravel driveway access. Natural gas is on site, and electric is in the process of being added to the pole barn. The property currently does not have a well or septic, which is noted as the responsibility of the new owner.
A new tax ID is also listed as in process.
The property is offered for sale with commercial zoning and mixed use. It sits on a 1.26-acre parcel west of Interlochen Corners, with gravel driveway access. Natural gas is on site, and electric is in the process of being added to the pole barn. The property currently does not have a well or septic, which is noted as the responsibility of the new owner.
A new tax ID is also listed as in process.
Key Highlights
- 1.26‑acre commercial parcel west of Interlochen Corners with commercial zoning and mixed use
- 30x64 pole construction building, fully insulated, with 14' ceilings and HVAC including central air
- Two overhead doors (12' and 10') with concrete pads at the front and back of the building
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 | $32.7k | $17.04 |
| − Vacancy | −$2.3k | −$1.19 |
| EGI | $30.4k | $15.85 |
| − OpEx | −$10.6k | −$5.55 |
| NOI | $19.8k | $10.30 |
1,920 SF · lease $17.04/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$282.5K
$247.2K – $329.6K
NOI $19,777 @ 7.0% cap · market cap 6.09%
Second Best
Warehouse
$218.3K
$191.0K – $254.7K
NOI $15,279 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$417.1K
$365.0K – $486.6K
NOI $29,196 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Interlochen Boat Shop — 11512 US-31, Interlochen, MI 49643
Frequently Asked Questions
What type of property is this?
Warehouse - Fully insulated pole construction building with 14' ceilings and two overhead doors, plus fenced outdoor yard.
Where is this warehouse located?
The property is located at 11844 US-31 S Unit SourceFi Interlochen, MI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1.26‑acre commercial parcel west of Interlochen Corners with commercial zoning and mixed use; 30x64 pole construction building, fully insulated, with 14' ceilings and HVAC including central air; Two overhead doors (12' and 10') with concrete pads at the front and back of the building
