Heated Storage Warehouse
For Sale
$204,000
21-6385 E Railway Cmn, Williamsburg, MI 49690
Commercial storage unit with overhead loading, dedicated utilities, and shared bathroom access.
Property Size1,345 SF
Price / SF$151.67
Days on Market442
Property Features for 21-6385 E Railway Cmn
General Information
Standard status
Active
Size
1,345 SF
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Power
200 amps
Conditioned Warehouse
Yes
Amenities
shared bathroom
cold water hose bib
Listing Agency:
Coldwell Banker Schmidt Traverse City
Listed By:
Karen Schmidt · License #6501234844
(231) 218-4463
Source:
Exprealty
Added: Jul 23, 2025
Changed: Oct 6
Last Checked: Oct 5 at 9:25PM
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 storage condominium is located within Railway Commons Business Park and now includes heat. The unit measures 26.9 feet by 50 feet and is equipped with a 14-foot by 14-foot insulated overhead door, opener, service door, and one window. A cold-water connection with hose bib and 200-amp electrical service support a range of storage and commercial functions.
The property is in Acme Township with access to M-72 and US-31. Shared restroom facilities include a sink, stool, and laundry tub. The unit is identified as 21-6385 E Railway Cmn, Williamsburg, MI 49690.
The property is in Acme Township with access to M-72 and US-31. Shared restroom facilities include a sink, stool, and laundry tub. The unit is identified as 21-6385 E Railway Cmn, Williamsburg, MI 49690.
Key Highlights
- 1,345‑square‑foot storage condominium in Railway Commons Business Park
- 14‑foot by 14‑foot insulated overhead door with opener
- Unit dimensions of 26.9 feet by 50 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,704
Cap Rate
5.25%
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 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$292.2K
$255.7K – $340.9K
NOI $20,453 @ 7.0% cap · market cap 10.03%
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 - Commercial storage unit with overhead loading, dedicated utilities, and shared bathroom access.
Where is this warehouse located?
The property is located at 21-6385 E Railway Cmn Williamsburg, MI.
What is the asking price?
The asking price for this property is $204,000.
What are key features of this property?
This property features: 1,345‑square‑foot storage condominium in Railway Commons Business Park; 14‑foot by 14‑foot insulated overhead door with opener; Unit dimensions of 26.9 feet by 50 feet
