Flex Space with Overhead
For Sale
$79,900
Pending
2160 Tonawanda Road, Grawn, MI 49637
Commercial, Grawn, MI
Property Size10,400 SF
Days on Market49
Property Features for 2160 Tonawanda Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Exterior features
Steel
Directions
East of light at Interlochen on US-31 then south on Tonawanda Road and right to 2160 Tonawanda Road.
Subdivision
Grand Traverse
Standard status
Pending
Size
1,250 SF
Taxes and HOA fees
Tax Description
Unit K3, Ancient Mariner Dry Docks of Interlochen Phase II
HOA Fee
$557 Annually
Legal Description
Unit K3, Ancient Mariner Dry Docks of Interlochen Phase II
Building Details
Building materials
Frame, Under Construction
Roof type
Metal
Listing Agency:
@properties Christie's Int'l
(231) 642-2363
Listed By:
Tia Rieck · License #6502337541
(231) 620-5389
Added: Aug 19
Changed: Sep 4
Last Checked: Oct 6 at 1:06AM
MLS# 1949480
Copyright © 2026 Northern Great Lakes Realtors MLS. 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.
Phase II at Ancient Mariner Dry Docks of Interlochen includes 1,250-square-foot flex units with a 25'x50' footprint and a 25'x49' interior dimension. Each unit is being built with steel siding, a metal roof, 16-foot side walls, and a 4-inch reinforced concrete floor.
Building features include one 14' x 14' insulated overhead door with a jackshaft opener, remote, and keypad, along with a 36-inch exterior door with keypad deadbolt. Electrical improvements include two two-gang outlets per wall, a 50 AMP outlet, a 30 AMP outlet, one meter per building, and six LED UFO lights. Electrical service is shared and included in the HOA fee.
An optional finished-unit package provides R25 wall insulation, R49 blown-in ceiling insulation, white liner steel, and a 45,000 BTU forced-air ceiling-mounted propane heater. With the finished unit, ceiling height will be approximately 15'.
Building features include one 14' x 14' insulated overhead door with a jackshaft opener, remote, and keypad, along with a 36-inch exterior door with keypad deadbolt. Electrical improvements include two two-gang outlets per wall, a 50 AMP outlet, a 30 AMP outlet, one meter per building, and six LED UFO lights. Electrical service is shared and included in the HOA fee.
An optional finished-unit package provides R25 wall insulation, R49 blown-in ceiling insulation, white liner steel, and a 45,000 BTU forced-air ceiling-mounted propane heater. With the finished unit, ceiling height will be approximately 15'.
Key Highlights
- 1,250‑square‑foot flex units with a 25'x50' footprint
- 25'x49' inside dimension with 16‑foot side walls
- 4‑inch reinforced concrete floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,284
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,680
$145.7K
Cap Rate 7%
$104,057
$104.1K
Cap Rate 9%
$80,933
$80.9K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$11.3K $9.00/SF
− Vacancy
−$844 −$0.68/SF
EGI
$10.4K $8.33/SF
− OpEx
−$3.1K −$2.50/SF
NOI
$7.3K $5.83/SF
Area
Grand Traverse County, MI
Vacancy
7.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,680
Cap Rate 7%
$104,057
Cap Rate 9%
$80,933
Alternative Uses
Best Use
Flex RnD
$183.9K
$161.0K – $214.6K
NOI $12,876 @ 7.0% cap · market cap 16.12%
Second Best
Warehouse
$142.1K
$124.4K – $165.8K
NOI $9,948 @ 7.0% cap · market cap 12.45%
Theoretical Best
Office A
$271.5K
$237.6K – $316.8K
NOI $19,008 @ 7.0% cap · market cap 23.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49637, MI
3,466
Population
1,562
Households
2.2
Avg Household Size
44
Median Age
22%
College-Educated
91%
High-School Grad
22.2 sq mi
ZIP Area
156
Density / Sq Mi
$74,871
Median Household Income
$29,035
Median Earnings
$1,309
Median Rent
$228,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Under-construction steel units include concrete floors, electrical service, lighting, and keypad-controlled access.
Where is this flex space located?
The property is located at 2160 Tonawanda Road Grawn, MI.
What is the asking price?
The asking price for this property is $79,900.
What are key features of this property?
This property features: 1,250‑square‑foot flex units with a 25'x50' footprint; 25'x49' inside dimension with 16‑foot side walls; 4‑inch reinforced concrete floor
