Flex Property With Historic
For Sale
$324,900
12924 McLachlan Road, Kewadin, MI 49648
COMMERCIAL - Kewadin, MI
Property Size3,500 SF
Lot Size2.29 Acres
Price / SF$92.83
Days on Market45
Property Features for 12924 McLachlan Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Directions
From Elk Rapids US 31 North to McLachlan Rd east. Second property on left.
Subdivision
Antrim
Standard status
Active
Size
3,500 SF
Lot size
2.29 Acres
Taxes and HOA fees
Tax Description
PARCEL 3..COM AT THE SW COR OF SEC 1; TH S 79 DEG 45'48" E 220.47 FT ALG S SEC LINE AND C/L OF RD TO THE POB; TH CONT S 79 DEG 45'48" E 209.40 FT; TH N 07 DEG 56'19" E 409.96 FT; TH N 79 DEG 47'21" W 429.80 FT TO W SEC LINE; TH S 07 DEG 56'54" W 37.96 FT
Legal Description
PARCEL 3..COM AT THE SW COR OF SEC 1; TH S 79 DEG 45'48" E 220.47 FT ALG S SEC LINE AND C/L OF RD TO THE POB; TH CONT S 79 DEG 45'48" E 209.40 FT; TH N 07 DEG 56'19" E 409.96 FT; TH N 79 DEG 47'21" W 429.80 FT TO W SEC LINE; TH S 07 DEG 56'54" W 37.96 FT
Building Details
Roof type
Metal
Listing Agency:
Coldwell Banker Schmidt-Elk Ra · Coldwell Banker Real Estate
(231) 264-1000
Listed By:
Sandy Ehlers · License #6501396385
(231) 995-8150
Added: Jun 23
Changed: Aug 4
Last Checked: Aug 6 at 2:06AM
MLS# 1947032
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.
Investment Insights
Based on property information with market context.
This 2.29-acre flex property includes a 40' x 60' steel-framed pole building with a concrete floor, electrical service, and a 220-volt outlet. Additional improvements include a historic barn with stone walls, exposed beams, and electrical service, along with a one-room schoolhouse and a separate hay storage building. The property size is 3,500 square feet, and the roof is metal.
The site borders A Ga Ming golf course and has approximately 40 feet of frontage on US-31 North. Access is also available from McLachlan Road. The combination of enclosed utility space and multiple character-rich outbuildings is suited to the commercial, storage, workshop, agricultural, event, and specialty uses identified for the property.
The site borders A Ga Ming golf course and has approximately 40 feet of frontage on US-31 North. Access is also available from McLachlan Road. The combination of enclosed utility space and multiple character-rich outbuildings is suited to the commercial, storage, workshop, agricultural, event, and specialty uses identified for the property.
Key Highlights
- 2.29‑acre property with approximately 40 feet of frontage on US‑31 North
- 40' x 60' steel‑framed pole building with concrete floor and electrical service
- 220‑volt outlet in the primary pole building
Financial Insights For Warehouse
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 | $28.1k | $8.04 |
| − Vacancy | −$1.0k | −$0.30 |
| EGI | $27.1k | $7.74 |
| − OpEx | −$4.1k | −$1.16 |
| NOI | $23.0k | $6.58 |
3,500 SF · lease $8.04/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$329.1K
$287.9K – $383.9K
NOI $23,034 @ 7.0% cap · market cap 7.09%
Second Best
Industrial
$271.0K
$237.1K – $316.2K
NOI $18,969 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$622.9K
$545.0K – $726.7K
NOI $43,600 @ 7.0% cap · market cap 13.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49648, MI
2,362
Population
1,985
Households
1.2
Avg Household Size
57
Median Age
54%
College-Educated
96%
High-School Grad
27.3 sq mi
ZIP Area
87
Density / Sq Mi
$90,952
Median Household Income
$38,622
Median Earnings
$1,257
Median Rent
$506,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Multiple structures are identified for commercial, storage, workshop, agricultural, event, and specialty uses.
Where is this flex space located?
The property is located at 12924 McLachlan Road Kewadin, MI.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 2.29‑acre property with approximately 40 feet of frontage on US‑31 North; 40' x 60' steel‑framed pole building with concrete floor and electrical service; 220‑volt outlet in the primary pole building
