Climate-Controlled
For Sale
$1,395,000
1229 Auto Drive, Harbor Springs, MI 49740
Commercial/Industrial, Harbor Springs, MI
Property Size5,780 SF
Price / SF$241.35
Days on Market8
Property Features for 1229 Auto Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
LTT- B-2
Window features
Vinyl Frames
Elementary school district
Harbor Springs
Middle school district
Harbor Springs
High school district
Harbor Springs
Directions
East on West Conway Rd, left on Auto Drive to the back.
Subdivision
Little Traverse
Standard status
Active
APN
Part of 08-16-14-100-102
Size
5,780 SF
Taxes and HOA fees
Tax Description
See attached legal description
HOA Fee
$800 Monthly
Legal Description
See attached legal description
Utilities
Heating system
Natural Gas
Water source
Well
Amenities
full high-end kitchen
complete bathroom
dedicated laundry area
functional workspace
custom entertainment center
Building Details
Year built
2025
Building materials
Wood Frame
Roof type
Metal
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Estate - HS
(231) 526-9800
Listed By:
Tom Mooradian · License #6501314498
(616) 334-6672
Added: Oct 8
Changed: Oct 13
Last Checked: Oct 15 at 9:06PM
MLS# 481001
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.
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 5,780-square-foot warehouse combines units 4 and 5 at 1229 Auto Drive in Harbor Springs. The main level includes a kitchen, bathroom, laundry area, and workspace alongside vehicle storage. Overhead doors measure 16 feet, and paved drives provide maneuvering room for vehicles and trailers. A mezzanine adds an entertainment area with luxury vinyl plank flooring, an entertainment center, and glass half-walls overlooking the space below. Climate control, natural gas heating, a well, wood-frame construction, and a metal roof are specified. The property is under construction, with a 2025 year built.
Key Highlights
- 5,780‑square‑foot warehouse combining units 4 and 5
- 16‑foot overhead doors for vehicle and trailer access
- Mezzanine with luxury vinyl plank flooring and an entertainment center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,565
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,831,300
$1.8M
Cap Rate 7%
$1,308,071
$1.3M
Cap Rate 9%
$1,017,389
$1.0M
Market Conditions
NOI Build-Up for 5,780 SF
Gross rent
$115.8K $20.04/SF
− Vacancy
−$8.1K −$1.40/SF
EGI
$107.7K $18.64/SF
− OpEx
−$16.2K −$2.80/SF
NOI
$91.6K $15.84/SF
Area
Emmet County, MI
Vacancy
7.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,831,300
Cap Rate 7%
$1,308,071
Cap Rate 9%
$1,017,389
Alternative Uses
Best Use
Warehouse
$1.31M
$1.14M – $1.53M
NOI $91,565 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49740, MI
7,511
Population
6,057
Households
1.2
Avg Household Size
55
Median Age
46%
College-Educated
97%
High-School Grad
124.9 sq mi
ZIP Area
60
Density / Sq Mi
$85,230
Median Household Income
$38,820
Median Earnings
$997
Median Rent
$332,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - The combined units include vehicle storage, work areas, and a mezzanine set up for entertaining.
Where is this warehouse located?
The property is located at 1229 Auto Drive Harbor Springs, MI.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 5,780‑square‑foot warehouse combining units 4 and 5; 16‑foot overhead doors for vehicle and trailer access; Mezzanine with luxury vinyl plank flooring and an entertainment center
