Mixed-Use Building with
2150 Twin Lake Road, Mancelona, MI 49659
For Sale
New
$1,300,000
Barrier-free space combines office areas, a workshop, and overhead-door bays with separate geothermal heating zones.
Property Size7,776 SF
Lot Size14.00 Acres
Price / SF$167.18
Days on Market3
Property Features for 2150 Twin Lake Road
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Road Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
REO-TCRandolph-233022
Listed By:
Lynette Priest · License #6501377648
(231) 944-5972
Source:
Patobrien
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:20PM
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 REO-TCRandolph-233022
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Investment Insights
Based on property information with market context.
Built in 2016, this 7,776-square-foot mixed-use building sits on 14+ acres and includes office and bedroom-style rooms, a large conference or living area, and a workshop. The building is barrier-free, with security cameras, two bathrooms, and custom cherry doors and trim. A kitchen could be created in either of two spaces, according to the property details.
The 24-by-24-foot workshop has a 16-foot-wide by 9-foot-high overhead door. The 48-by-80-foot central area has 16-foot ceilings and three overhead doors: one measuring 20 by 14 feet and two measuring 16 by 14 feet. A separate end bay measures 24 by 80 feet, has a 10-foot ceiling, and includes a 16-foot-wide by 9-foot-high overhead door. The office, workshop, central area, and end bay have independently controlled geothermal heating; the office and workshop also have forced-air heating and air conditioning.
The 24-by-24-foot workshop has a 16-foot-wide by 9-foot-high overhead door. The 48-by-80-foot central area has 16-foot ceilings and three overhead doors: one measuring 20 by 14 feet and two measuring 16 by 14 feet. A separate end bay measures 24 by 80 feet, has a 10-foot ceiling, and includes a 16-foot-wide by 9-foot-high overhead door. The office, workshop, central area, and end bay have independently controlled geothermal heating; the office and workshop also have forced-air heating and air conditioning.
Key Highlights
- 7,776 square feet on 14+ acres
- Barrier‑free building with security cameras
- 48x80 center area with 16 ft ceilings and three overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,610
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,312,200
$1.3M
Cap Rate 7%
$937,286
$937.3K
Cap Rate 9%
$729,000
$729.0K
Market Conditions
NOI Build-Up for 7,776 SF
Gross rent
$116.6K $15.00/SF
− Vacancy
−$11.7K −$1.50/SF
EGI
$105.0K $13.50/SF
− OpEx
−$39.4K −$5.06/SF
NOI
$65.6K $8.44/SF
Area
Antrim County, MI
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,312,200
Cap Rate 7%
$937,286
Cap Rate 9%
$729,000
Alternative Uses
Best Use
Mixed Use
$937.3K
$820.1K – $1.09M
NOI $65,610 @ 7.0% cap · market cap 5.05%
Second Best
Warehouse
$731.1K
$639.7K – $852.9K
NOI $51,175 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,867 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
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Business Placement
Demographics for 49659, MI
6,670
Population
4,586
Households
1.5
Avg Household Size
44
Median Age
18%
College-Educated
89%
High-School Grad
175.0 sq mi
ZIP Area
38
Density / Sq Mi
$59,092
Median Household Income
$33,269
Median Earnings
$792
Median Rent
$141,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Barrier-free space combines office areas, a workshop, and overhead-door bays with separate geothermal heating zones.
Where is this mixed-use property located?
The property is located at 2150 Twin Lake Road Mancelona, MI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 7,776 square feet on 14+ acres; Barrier‑free building with security cameras; 48x80 center area with 16 ft ceilings and three overhead doors
