Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Storage Barns For Sale Title is generated by Realmo AI

    1340 Mcgregor Way, Grawn, MI 49637

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Newly constructed storage barns, convenient location near Interlochen and Traverse City.

    Type:Mixed Use
    Property size:
    2,400 SF
    Price / SF:
    $70/SF
    Added:
    May 12, 2025
    Days on Market:
    371
    Last Refresh:
    Mar 16 at 1:15 pm

    Property Features for 1340 Mcgregor Way

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Property subtype
    Mixed Use

    Building Details

    Year Built
    2024

    We can help!

    Listing Contact
    Adam Miller

    Listing agent Adam Miller License #MI

    Listing office Coldwell Banker Commercial Schmidt, Realtors Traverse City

    Listing date May 12, 2025

    Source Crexi

    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 Coldwell Banker Commercial Schmidt, Realtors Traverse City

    HighLights

    • Newly constructed 40x60 storage barns (2,400 sq ft)
    • Conveniently located 10 miles from downtown TC and 4.5 miles from Interlochen
    • 16' doors for easy access
    • 200‑amp electrical panel is installed
    • Concrete flooring
    • 30x40 Storage Barns also available for a lower price

    Overview

    Newly constructed storage barns are available, each measuring 40x60, totaling 2,400 square feet. Each unit includes 16-foot doors, a utility door, 4-inch concrete flooring, and a 200-amp electrical panel. The property is located approximately 10 miles from downtown Traverse City and 4.5 miles from Interlochen. The storage units are situated on the left side towards the end of McGregor Way, accessible by traveling west on US 31 from Chums Corners towards Interlochen and then turning right onto McGregor Way. The property is suitable for use as self-storage facilities, industrial properties, or other commercial real estate ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Kitchen & Bath Showroom Food Market Storage Facility Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grawn
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.699607
    Latitude
    44.66784

    Nearby Similar for Sale

    • $619,000
      6,720 SF

      Grawn Retail Store on US-31

      6,720 SF commercial building on high-traffic US-31.
      8722 US-31, Grawn, MI 49637-9539
      View Details
    • $1,499,000
      14,929 SF

      Grawn Warehouse/Manufacturing Opportunity

      18-acre property on high-traffic corridor with redevelopment potential.
      1893 Pine Tree Drive, Grawn, MI 49637
      View Details
    • $425,000
      1,276 SF

      Highway Frontage Investment Opportunity

      Mixed-use property with highway frontage near Interlochen Corners.
      8921 US-31, Grawn, MI 49637
      View Details

    FAQs

    What type of property is this?
    Self storage facility - Newly constructed storage barns, convenient location near Interlochen and Traverse City.
    Where is this self storage facility located?
    The property is located at 1340 Mcgregor Way Grawn, MI.
    What is the asking price?
    The asking price for this property is $169,900.
    What are key features of this property?
    This property features: Newly constructed 40x60 storage barns (2,400 sq ft); Conveniently located 10 miles from downtown TC and 4.5 miles from Interlochen; 16' doors for easy access
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Adam Miller
    Real Estate License ID: MI
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1340 Mcgregor Way, Grawn, MI 49637
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!