Industrial Property with
For Sale
$339,000
14525 Klooster Road, Charlevoix, MI 49720
Includes a 48-by-60 outbuilding with concrete walls, 220 electric service, heat, well and septic, plus RV hookups.
Property Size2,880 SF
Lot Size8.00 Acres
Price / SF$117.71
Days on Market102
Property Features for 14525 Klooster Road
General Information
Standard status
Active
Size
2,880 SF
Lot size
8.00 Acres
Property subtype
Land
Additional Details
Road Access
Yes
Listing Agency:
Real Estate One - Charlevoix
Listed By:
Bill Dietrich
(231) 526-9889
Source:
Harborsir
Added: Apr 27
Changed: Jul 26
Last Checked: Aug 5 at 5:03AM
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 Real Estate One - Charlevoix
Investment Insights
Based on property information with market context.
The property features a 48-by-60 outbuilding built with concrete walls and served by 220 electric service, heat, a well and septic system, and an on-demand electric water heater. The outbuilding also includes a half bath, and the site is set up with a 30-by-60 pad offering full hookups for RVs. Outdoor amenities include a private pond stocked with fish.
The parcel is set on 8 acres and has double road frontage. The seller notes the space can support uses such as a workshop, studio, or storage, and that a possible commercial use would be subject to township approval.
Conveniently, the property is described as minutes from downtown Charlevoix and near lakes, trails, and schools, along with nearby other towns.
The parcel is set on 8 acres and has double road frontage. The seller notes the space can support uses such as a workshop, studio, or storage, and that a possible commercial use would be subject to township approval.
Conveniently, the property is described as minutes from downtown Charlevoix and near lakes, trails, and schools, along with nearby other towns.
Key Highlights
- 48x60 outbuilding with concrete walls, 220 electric service, heat, well and septic, and a half bath
- 30x60 pad with full hookups for RVs
- Set on 8 acres with double road frontage
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 | $28.7k | $9.96 |
| − Vacancy | −$2.9k | −$1.00 |
| EGI | $25.8k | $8.96 |
| − OpEx | −$3.9k | −$1.34 |
| NOI | $21.9k | $7.62 |
2,880 SF · lease $9.96/SF/yr · vacancy 10.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$313.5K
$274.3K – $365.7K
NOI $21,944 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$583.0K
$510.1K – $680.1K
NOI $40,808 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49720, MI
9,127
Population
6,236
Households
1.5
Avg Household Size
52
Median Age
38%
College-Educated
97%
High-School Grad
95.5 sq mi
ZIP Area
96
Density / Sq Mi
$76,127
Median Household Income
$41,563
Median Earnings
$985
Median Rent
$265,100
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?
Warehouse - Includes a 48-by-60 outbuilding with concrete walls, 220 electric service, heat, well and septic, plus RV hookups.
Where is this warehouse located?
The property is located at 14525 Klooster Road Charlevoix, MI.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 48x60 outbuilding with concrete walls, 220 electric service, heat, well and septic, and a half bath; 30x60 pad with full hookups for RVs; Set on 8 acres with double road frontage
