Storage Warehouse
For Sale
$199,000
17-6365 E Railway Cmn, Williamsburg, MI 49690
A private storage unit offers a large overhead entry, dedicated electrical service, and access to shared washroom facilities.
Property Size1,345 SF
Price / SF$147.96
Days on Market447
Property Features for 17-6365 E Railway Cmn
General Information
Standard status
Active
Size
1,345 SF
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
1,345 SF
Power
200 amps
Listing Agency:
Coldwell Banker Schmidt Traverse City
Listed By:
Karen Schmidt · License #6501234844
(231) 218-4463
Source:
Exprealty
Added: Jul 23, 2025
Changed: Oct 11
Last Checked: Oct 11 at 2:37PM
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 Schmidt Traverse City
Investment Insights
Based on property information with market context.
This 1,345-square-foot warehouse condo measures 26.9 feet by 50 feet. The unit has a 14-foot by 14-foot insulated overhead door with an opener, one window, and a separate service door. It includes 200-amp electrical service, cold water with a hose bib, and plumbing for a gas heater.
A shared bathroom with a sink and laundry tub serves the property. The location in Acme Township provides access to M-72 and US-31.
A shared bathroom with a sink and laundry tub serves the property. The location in Acme Township provides access to M-72 and US-31.
Key Highlights
- 1,345‑square‑foot warehouse condo measuring 26.9’ x 50’
- 14’ x 14’ insulated overhead door with opener
- 200‑amp electrical service; plumbed for a gas heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,704
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,080
$214.1K
Cap Rate 7%
$152,914
$152.9K
Cap Rate 9%
$118,933
$118.9K
Market Conditions
NOI Build-Up for 1,345 SF
Gross rent
$13.4K $9.96/SF
− Vacancy
−$804 −$0.60/SF
EGI
$12.6K $9.36/SF
− OpEx
−$1.9K −$1.40/SF
NOI
$10.7K $7.96/SF
Area
Grand Traverse County, MI
Vacancy
6.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,080
Cap Rate 7%
$152,914
Cap Rate 9%
$118,933
Alternative Uses
Best Use
Warehouse
$152.9K
$133.8K – $178.4K
NOI $10,704 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$292.2K
$255.7K – $340.9K
NOI $20,453 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49690, MI
6,494
Population
3,476
Households
1.9
Avg Household Size
50
Median Age
45%
College-Educated
97%
High-School Grad
82.7 sq mi
ZIP Area
79
Density / Sq Mi
$105,701
Median Household Income
$47,114
Median Earnings
$1,279
Median Rent
$329,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- AAA Self Storage — 6631 M-72, Williamsburg, MI 49690
- Acme Mini Storage — 6985 M-72, Williamsburg, MI 49690
Frequently Asked Questions
What type of property is this?
Warehouse - A private storage unit offers a large overhead entry, dedicated electrical service, and access to shared washroom facilities.
Where is this warehouse located?
The property is located at 17-6365 E Railway Cmn Williamsburg, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,345‑square‑foot warehouse condo measuring 26.9’ x 50’; 14’ x 14’ insulated overhead door with opener; 200‑amp electrical service; plumbed for a gas heater
