Flex Space with Insulated Overhead
For Sale
$395,000
22-6391 E Railway Cmn, Williamsburg, MI 49690
Storage condo with upgraded finishes, gas heat, substantial electrical service, and water access for varied commercial uses.
Property Size2,295 SF
Price / SF$172.11
Days on Market441
Property Features for 22-6391 E Railway Cmn
General Information
Standard status
Active
Size
2,295 SF
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Power
200 amps
Amenities
shared bathroom
Listing Agency:
Coldwell Banker Schmidt Traverse City
(231) 922-2350
Listed By:
Karen Schmidt · License #6501234844
(231) 218-4463
Source:
Exprealty
Added: Jul 22, 2025
Changed: Sep 30
Last Checked: Oct 4 at 3:07PM
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 2,295-square-foot storage condominium is configured as flexible commercial space within Railway Commons Business Park. Improvements include epoxy flooring, a 14-foot by 14-foot insulated overhead door with opener, a separate service door, three windows, gas heat, and 200-amp electrical service. Hot and cold water, a hose bib, and access to a shared bathroom with a laundry tub and sink add practical utility for storage, hobby, and business activities.
The property is located in Acme Township at 22-6391 E Railway Cmn, Williamsburg, Michigan. Regional access is provided by M-72 and US-31, supporting convenient connections for users needing access to the surrounding area.
The property is located in Acme Township at 22-6391 E Railway Cmn, Williamsburg, Michigan. Regional access is provided by M-72 and US-31, supporting convenient connections for users needing access to the surrounding area.
Key Highlights
- 2,295 SF storage condo in Railway Commons Business Park
- 14' X 14' insulated overhead door with opener
- 200 amp electrical service with gas heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,640
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,800
$472.8K
Cap Rate 7%
$337,714
$337.7K
Cap Rate 9%
$262,667
$262.7K
Market Conditions
NOI Build-Up for 2,295 SF
Gross rent
$39.1K $17.04/SF
− Vacancy
−$2.7K −$1.19/SF
EGI
$36.4K $15.85/SF
− OpEx
−$12.7K −$5.55/SF
NOI
$23.6K $10.30/SF
Area
Grand Traverse County, MI
Vacancy
7.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,800
Cap Rate 7%
$337,714
Cap Rate 9%
$262,667
Alternative Uses
Best Use
Flex RnD
$337.7K
$295.5K – $394.0K
NOI $23,640 @ 7.0% cap · market cap 5.98%
Second Best
Warehouse
$260.9K
$228.3K – $304.4K
NOI $18,264 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$498.6K
$436.2K – $581.7K
NOI $34,899 @ 7.0% cap · market cap 8.84%
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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Frequently Asked Questions
What type of property is this?
Flex space - Storage condo with upgraded finishes, gas heat, substantial electrical service, and water access for varied commercial uses.
Where is this flex space located?
The property is located at 22-6391 E Railway Cmn Williamsburg, MI.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,295 SF storage condo in Railway Commons Business Park; 14' X 14' insulated overhead door with opener; 200 amp electrical service with gas heat
