Small-Bay Industrial Condo
16943 Wood Lane Road Nunica, MI 49448
New
For Sale
$200,000
COMMERCIAL - Nunica, MI
Property Size1,000 SF
Price / SF$200
Days on Market2
Property Features for 16943 Wood Lane Road
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Bathrooms
1
Rooms
Bathroom 1
Standard status
Active
APN
70-04-16-451-010
Size
1,000 SF
Taxes and HOA fees
Tax Description
SOUTHWEST 1/4 OF THE SOUTHEAST 1/4 SECTION 16 TOWN 8 NORTH RANGE 15 WEST CROCKERY TOWNSHIP OTTAWA COUNTY MICHIGAN
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Forced Air
Building Details
Year built
2026
Floors in Building
1
Number of units
1
Building materials
Vinyl Siding, Metal Siding
Roof type
Metal
Listing Agency:
Harbour Pointe Realty
(616) 481-6450
Listed By:
Stephanie Harris
(616) 916-4645
Added: Jul 26
Last Checked: Jul 27 at 9:06AM
MLS# 26038570
Copyright © 2026 Michigan Regional Information Center, LLC. 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 for-sale small-bay industrial condo unit is offered as one of six in the first of four planned buildings. The concept is designed for flexible tenant fit, with units described as fully customizable from amenities to sizing.
The property is located at 16943 Wood Lane Road in Nunica, Michigan (Ottawa County). Prospective buyers can review the overall plan for the first building within the broader four-building development.
Each condo includes a bathroom and is described as having ample power. The remaining scope details, as well as final configuration and timing of the other planned buildings, can be discussed directly with the listing team.
The property is located at 16943 Wood Lane Road in Nunica, Michigan (Ottawa County). Prospective buyers can review the overall plan for the first building within the broader four-building development.
Each condo includes a bathroom and is described as having ample power. The remaining scope details, as well as final configuration and timing of the other planned buildings, can be discussed directly with the listing team.
Key Highlights
- Under construction with an anticipated 2026 year built
- 1 of 6 small bay industrial condo units, part of the first of four planned buildings
- Exterior features vinyl siding and metal siding
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 | $21.6k | $21.60 |
| − Vacancy | −$1.8k | −$1.79 |
| EGI | $19.8k | $19.81 |
| − OpEx | −$3.0k | −$2.97 |
| NOI | $16.8k | $16.84 |
1,000 SF · lease $21.60/SF/yr · vacancy 8.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$240.5K
$210.5K – $280.6K
NOI $16,836 @ 7.0% cap · market cap 8.42%
Second Best
Industrial
$210.8K
$184.5K – $246.0K
NOI $14,757 @ 7.0% cap · market cap 7.38%
Theoretical Best
Multifamily LT 5
$12.44M
$10.88M – $14.51M
NOI $870,469 @ 7.0% cap · market cap 435.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Condo unit in a small-bay industrial community, featuring an in-unit bathroom and ample power.
Where is this flex space located?
The property is located at 16943 Wood Lane Road Nunica, MI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Under construction with an anticipated 2026 year built; 1 of 6 small bay industrial condo units, part of the first of four planned buildings; Exterior features vinyl siding and metal siding
