Waterfront Manufacturing
For Sale
$1,250,000
222 Industrial Park, Elk Rapids, MI 49629
An 18,483-square-foot facility with heavy power supports manufacturing operations and includes production, storage, and office areas.
Property Size18,483 SF
Price / SF$67.63
Days on Market364
Property Features for 222 Industrial Park
General Information
Standard status
Active
Size
18,483 SF
Property subtype
Commercial/Industrial
Zoning
Commercial
Additional Details
Heavy Power
Yes
Property Use
Manufacturing
Building Details
Year Built
2000
Buildings
1
Building Size
18,483 SF
Listing Agency:
Three West, LLC
(231) 929-2955
Listed By:
Kevin Endres · License #6505352968
(231) 534-5225
Source:
Jabachler
Added: Nov 5, 2025
Changed: Oct 30
Last Checked: Nov 3 at 7:48AM
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
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Investment Insights
Based on property information with market context.
This 18,483-square-foot manufacturing property was built in 2000 and is configured with production, storage, and office space. The building has heavy power and is described as clean manufacturing space, with Commercial zoning.
The property fronts Bass Lake, providing direct waterfrontage in Elk Rapids, Michigan.
The property fronts Bass Lake, providing direct waterfrontage in Elk Rapids, Michigan.
Key Highlights
- 18,483 SF building constructed in 2000
- Heavy power for manufacturing operations
- Production, storage, and office areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,173
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,003,460
$2.0M
Cap Rate 7%
$1,431,043
$1.4M
Cap Rate 9%
$1,113,033
$1.1M
Market Conditions
NOI Build-Up for 18,483 SF
Gross rent
$148.6K $8.04/SF
− Vacancy
−$5.5K −$0.30/SF
EGI
$143.1K $7.74/SF
− OpEx
−$42.9K −$2.32/SF
NOI
$100.2K $5.42/SF
Area
Antrim County, MI
Vacancy
3.70%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,003,460
Cap Rate 7%
$1,431,043
Cap Rate 9%
$1,113,033
Alternative Uses
Best Use
Industrial
$1.43M
$1.25M – $1.67M
NOI $100,173 @ 7.0% cap · market cap 8.01%
Second Best
—
—
no second resolved use
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 49629, MI
1,997
Population
1,696
Households
1.2
Avg Household Size
60
Median Age
46%
College-Educated
99%
High-School Grad
3.8 sq mi
ZIP Area
526
Density / Sq Mi
$74,318
Median Household Income
$46,250
Median Earnings
$1,032
Median Rent
$347,100
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
Frequently Asked Questions
What type of property is this?
Manufacturing property - An 18,483-square-foot facility with heavy power supports manufacturing operations and includes production, storage, and office areas.
Where is this manufacturing property located?
The property is located at 222 Industrial Park 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 building constructed in 2000; Heavy power for manufacturing operations; Production, storage, and office areas
