Flex Space with Insulated Pole
11844 US-31 S, Interlochen, MI 49643
For Sale
New
$264,900
Commercial, Interlochen, MI
Property Size1,920 SF
Lot Size1.26 Acres
Price / SF$137.97
Days on Market4
Property Features for 11844 US-31 S
General Information
Property type
Property subtype
Zoning description
Parking features
Exterior features
Lot features
Directions
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Building Details
Building materials
Roof type
Buildings
Listing Agency:
The Mitten Real Estate Group
(231) 421-1970
Listed By:
TJ Shimek · License MI #6506048854
(231) 645-1351
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 1952443
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property at 11844 US-31 S in Interlochen occupies 1.26 acres. Its 1,920-square-foot steel pole barn has insulation, 14-foot ceilings and two overhead doors measuring 12 feet and 10 feet. Natural gas and dedicated 200-amp electrical service support building operations, while concrete pads at the front and rear provide loading and staging areas. A separate barn offers additional equipment storage.
The property is on US-31 S in Interlochen, in Grand Traverse County. The site also includes a fenced yard, open grassy area and a parking lot. Commercial zoning is noted for the property.
The property is on US-31 S in Interlochen, in Grand Traverse County. The site also includes a fenced yard, open grassy area and a parking lot. Commercial zoning is noted for the property.
Key Highlights
- 1.26‑acre property with a fenced yard and open grassy area
- 1,920‑square‑foot insulated steel pole barn
- 14‑foot ceilings and overhead doors measuring 12 feet and 10 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,740
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,800
$474.8K
Cap Rate 7%
$339,143
$339.1K
Cap Rate 9%
$263,778
$263.8K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$36.9K $19.20/SF
− Vacancy
−$2.9K −$1.54/SF
EGI
$33.9K $17.66/SF
− OpEx
−$10.2K −$5.30/SF
NOI
$23.7K $12.36/SF
Area
Grand Traverse County, MI
Vacancy
8.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,800
Cap Rate 7%
$339,143
Cap Rate 9%
$263,778
Alternative Uses
Best Use
Retail
$339.1K
$296.8K – $395.7K
NOI $23,740 @ 7.0% cap · market cap 8.96%
Second Best
Flex RnD
$282.5K
$247.2K – $329.6K
NOI $19,777 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$417.1K
$365.0K – $486.6K
NOI $29,196 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49643, MI
7,379
Population
3,490
Households
2.1
Avg Household Size
41
Median Age
33%
College-Educated
94%
High-School Grad
59.6 sq mi
ZIP Area
124
Density / Sq Mi
$81,061
Median Household Income
$40,190
Median Earnings
$900
Median Rent
$247,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Grand Traverse County, MI
Properties on Market for Flex space in Grand Traverse County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - A fenced 1.26-acre site includes a separate barn, parking lot and outdoor space.
Where is this flex space located?
The property is located at 11844 US-31 S Interlochen, MI.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: 1.26‑acre property with a fenced yard and open grassy area; 1,920‑square‑foot insulated steel pole barn; 14‑foot ceilings and overhead doors measuring 12 feet and 10 feet
