Manufacturing and Warehouse
222 Industrial Park Dr Elk Rapids, MI
222 Industrial Park Dr, Elk Rapids, MI, 00000
$1,250,000
For Sale
$1,250,000
Impeccably maintained industrial building with waterfrontage on Bass Lake, supporting manufacturing, storage, and office use.
Property Size18,483 SF
Price / SF$67.63
Days on Market259
Property Features for 222 Industrial Park Dr
General Information
- Standard status
- Active
- Size
- 18,483 SF
Listing agency
Three West, LLC
(231) 534-5225
Listed by
Kevin Endres · License #6505352968
(231) 534-5225
Source
Exprealty
Added: Nov 5, 2025 Updated: Jul 22 at 12:45PM Checked: Jul 22 at 12:45PM
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
Investment Insights
Based on property information with market context.
222 Industrial Park is a manufacturing-focused industrial facility constructed in 2000 and described as impeccably maintained. The building includes a clean manufacturing space with ample room for production and storage, along with office needs. It is equipped with heavy power to support industrial operations.
The property also offers direct waterfrontage on Bass Lake, creating a distinctive setting for an industrial user. The site is positioned within an industrial park setting in Elk Rapids, MI, and is presented as having favorable zoning for manufacturing and industrial uses.
For buyers seeking a reliable, turnkey industrial option, this facility is offered for sale with modern construction and a configuration intended to accommodate a range of production and storage requirements.
The property also offers direct waterfrontage on Bass Lake, creating a distinctive setting for an industrial user. The site is positioned within an industrial park setting in Elk Rapids, MI, and is presented as having favorable zoning for manufacturing and industrial uses.
For buyers seeking a reliable, turnkey industrial option, this facility is offered for sale with modern construction and a configuration intended to accommodate a range of production and storage requirements.
Key Highlights
- 18,483 SF industrial building in Elk Rapids, MI, constructed in 2000
- Direct waterfrontage on Bass Lake
- Clean manufacturing space currently suited for industrial production use
Local Financial Insights For Industrial
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 | −$42.9k | −$2.32 |
| NOI | $100.2k | $5.42 |
18,483 SF · lease $8.04/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$1.74M
$1.52M – $2.03M
NOI $121,639 @ 7.0% cap · market cap 9.73%
Second Best
Industrial
$1.43M
$1.25M – $1.67M
NOI $100,173 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,246 @ 7.0% cap · market cap 18.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Trelleborg
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Impeccably maintained industrial building with waterfrontage on Bass Lake, supporting manufacturing, storage, and office use.
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 $1,250,000.
What are key features of this property?
This property features: 18,483 SF industrial building in Elk Rapids, MI, constructed in 2000; Direct waterfrontage on Bass Lake; Clean manufacturing space currently suited for industrial production use
