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    Industrial Building with Waterfrontage Title is generated by Realmo AI

    222 Industrial Park Dr, Elk Rapids, MI 49629

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    For Sale
    $1,500,000

    18,483 SF industrial building in Elk Rapids, Michigan.

    Type:Commercial
    Property size:
    18,483 SF
    Lot size:
    1.71 Acres
    Price / SF:
    $81/SF
    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

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    Kevin L Endres
    Kevin L Endres

    Listing office Three West LLC

    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

    Located in Elk Rapids, Michigan, 222 Industrial Park is an 18,483 square foot industrial building constructed in 2000. The property offers direct waterfrontage on Bass Lake. Currently configured as a clean manufacturing space, the building is equipped with heavy power and provides ample space for production, storage, and office functions. The property's zoning is favorable for industrial and manufacturing uses. This facility is suitable for diverse industrial and manufacturing operations, presenting a potential turnkey solution.

    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
    18,483 SF · lease $8.04/SF/yr · vacancy 3.70% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.74M
    $1.52M – $2.03M (±1% cap)
    NOI $121,639 @ 7.0% cap · market cap 8.11%
    Second Best
    Industrial
    $1.43M
    $1.25M – $1.67M (±1% cap)
    NOI $100,173 @ 7.0% cap · market cap 6.68%
    Theoretical Best
    Office A
    $3.29M
    $2.88M – $3.84M (±1% cap)
    NOI $230,246 @ 7.0% cap · market cap 15.35%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Trelleborg Industrial Manufacturer

    Suggested Use

    Skin Care Clinic Kitchen & Bath Showroom Barber Shop Storage Facility Furniture & Home Goods Acupuncture Car Rental Facility Cosmetic Store (Bike/Boat/Book/etc) Store Arcade & Gaming Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elk Rapids
    County
    Antrim
    State
    Michigan
    Longitude
    -85.3964
    Latitude
    44.9097

    FAQs

    What type of property is this?
    Manufacturing property - 18,483 SF industrial building in Elk Rapids, Michigan.
    Where is this manufacturing property located?
    The property is located at 222 Industrial Park Dr Elk Rapids, MI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 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.
    More about this property
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