Large Commercial Property with Pole Building

15819 Lake Michigan Drive, West Olive, MI 49460

View on Map

For Sale

$525,000

Three-acre commercial property with pole building suitable for various businesses.

Type:Commercial/Industrial

Property size:

2,400 SF

Lot size:

3.01 Acres

Price / SF:

$218/SF

HighLights

Large 3‑acre commercial property.
40x60 pole building with three overhead doors (1 12', 2 10').
Suitable for various businesses: retail, restaurants, dealerships, warehouse, etc.
Potential for development: mini storages, fitness centers, medical facilities, strip mall, hotels.
High‑visibility location suitable for big‑box retail.
Possible upcoming developments (KUM & GO and 150‑acre developments).

We can help!

Listing Contact

Robert Lee Buist

For Sale

$525,000

Three-acre commercial property with pole building suitable for various businesses.

Type:Commercial/Industrial

Property size:

2,400 SF

Lot size:

3.01 Acres

Price / SF:

$218/SF

Added:: Jan 28, 2025
Days on Market:: 503
Last Refresh:: May 20 at 1:57 am

Property Features for 15819 Lake Michigan Drive

General Information

Standard status: Active
Size: 2,400 SF
Lot size: 3.01 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1900

We can help!

Listing Contact

Robert Lee Buist

Listing agent Robert Lee Buist License #6501358702

Listing office Aker and Company Real Estate

Listing date Jan 28, 2025

Source Exitrealty

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 Aker and Company Real Estate

HighLights

Large 3‑acre commercial property.
40x60 pole building with three overhead doors (1 12', 2 10').
Suitable for various businesses: retail, restaurants, dealerships, warehouse, etc.
Potential for development: mini storages, fitness centers, medical facilities, strip mall, hotels.
High‑visibility location suitable for big‑box retail.
Possible upcoming developments (KUM & GO and 150‑acre developments).

Overview

This large three-acre commercial property features a 40x60 pole building equipped with three overhead doors, including one 12-foot door and two 10-foot doors. The property is suitable for businesses with a large footprint, such as big-box retail stores, large-scale restaurants, car dealerships, warehouses, mini storages, fitness centers, medical facilities, strip malls, and hotels. The location is in West Olive, MI.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$51.8k	$21.60
− Vacancy	−$4.3k	−$1.79
EGI	$47.5k	$19.81
− OpEx	−$7.1k	−$2.97
NOI	$40.4k	$16.84

2,400 SF · lease $21.60/SF/yr · vacancy 8.30% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$577.2K

$505.1K – $673.5K (±1% cap)

NOI $40,407 @ 7.0% cap · market cap 7.70%

Second Best

Industrial

$506.0K

$442.7K – $590.3K (±1% cap)

NOI $35,417 @ 7.0% cap · market cap 6.75%

Theoretical Best

Multifamily LT 5

$29.84M

$26.11M – $34.82M (±1% cap)

NOI $2,089,126 @ 7.0% cap · market cap 397.93%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: West Olive
County: Ottawa
State: Michigan
Longitude: -86.1808
Latitude: 42.9728

Nearby Similar for Sale

$1,799,900

54,000 SF

West Olive Farmland and Facility

20-acre property with packing facility and blueberry field.

11871 144th Avenue, West Olive, MI 49460

View Details
$768,000

Residential Land with Existing Ranch

Wooded acreage with an existing ranch home, inground pool, and additional garage space for recreational needs.

7040 Holly Drive, West Olive, MI 49460

View Details
$999,000

West Olive Prime Land

40 acres near Lake Michigan, ideal for nature lovers.

17078 Lake Michigan Drive, West Olive, MI 49460

View Details
$380,000

Haven Woods Land Opportunity

Rare 3-acre parcel in desirable Haven Woods community.

16511 HAVEN WOODS COURT, WEST OLIVE, MI 49460

View Details
$249,900

West Olive Buildable Acreage

13+ acre buildable property in Grand Haven Township.

Buchanan Street, West Olive, MI 49460

View Details
$4,250,000

13,264 SF

Warehouse with Drive-In Doors and IOS

New 2026 build-to-suit industrial property with drive-in access, showroom/office space, and outdoor storage under IOS-permitting zoning.

15700 Winans St, West Olive, MI 49460

View Details
$380,000

West Olive 3-Acre Land Parcel

Rare 3-acre parcel in desirable Haven Woods community.

West Olive, MI 49460

View Details
$350,000

West Olive Commercial Land Available

Prime commercial lot on Lake Michigan Drive, West Olive.

Lake Michigan Drive, West Olive, MI 49460

View Details
$350,000

West Olive Commercial Land Available

Prime commercial lot with B-1 and B-2 zoning.

Lake Michigan Drive, West Olive, MI 49460

View Details
$254,900

Wooded Acreage Development Opportunity

5.16 acres in Grand Haven School District, near Lake Michigan.

Desay Drive, West Olive, MI 49460

View Details
$80,000

Residential Land in West Olive

2+ acre wooded homesite in Grand Haven Township.

0 158TH AVENUE, WEST OLIVE, MI 49460

View Details
$4,250,000

13,264 SF

Industrial Warehouse For Sale

Industrial warehouse property offered for sale, suited for buyers seeking flexible warehouse space.

15700 Winans Street, West Olive, MI 49460

View Details

For sale
Commercial land
MI
West Olive
49460
15819 Lake Michigan Drive

What type of property is this?

Commercial land - Three-acre commercial property with pole building suitable for various businesses.

Where is this commercial land located?

The property is located at 15819 Lake Michigan Drive West Olive, MI.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: Large 3‑acre commercial property.; **40x60 pole building with three overhead doors (1 12', 2 10').**; Suitable for various businesses: retail, restaurants, dealerships, warehouse, etc.