222 Industrial Park Dr, Elk Rapids, MI 49629
18,483 SF industrial building in Elk Rapids, Michigan.
- Added:
- Mar 10, 2026
- Days on Market:
- 119
- Last Refresh:
- Jul 2 at 10:29 pm
Property Features for 222 Industrial Park Dr
General Information
- Standard status
- Active
- Size
- 18,483 SF
- Lot size
- 1.71 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2000
Listing office Three West LLC (231) 534-5225
Listing date Mar 10, 2026
Source Elliman
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 Three West LLC
HighLights
- Prime industrial location in Elk Rapids, MI with direct waterfrontage on Bass Lake.
- Immaculately maintained 18,483 SF building constructed in 2000.
- Ideal for manufacturing and industrial operations with ample space for production, storage, and office needs.
- Equipped with heavy power to support diverse industrial/manufacturing users.
- Currently configured as a clean manufacturing space.
- Favorable zoning and modern construction offering a reliable, turnkey solution.
Overview
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $148.6k | $8.04 |
| − Vacancy | −$5.5k | −$0.30 |
| EGI | $143.1k | $7.74 |
| − OpEx | −$21.5k | −$1.16 |
| NOI | $121.6k | $6.58 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Elk Rapids
- County
- Antrim
- State
- Michigan
- Longitude
- -85.3964
- Latitude
- 44.9097