4160 M-72 E, Williamsburg, MI 49690
COMMERCIAL - Williamsburg, MI
- Added:
- Dec 12, 2025
- Days on Market:
- 203
- Last Refresh:
- Jul 3 at 5:06 pm
Property Features for 4160 M-72 E
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 12,259 SF
- Lot size
- 4.35 Acres
Taxes and HOA fees
- Tax Description
- Lengthy legal - See Associated Documents
- Tax Annual Amount
- 126931
Building Details
- Building materials
- Frame
Listing agent Robert Brick (231) 715-1464
Listing office REMAX Bayshore - West Shore Dr TC 12930 S West Bay Shore Dr, Traverse City, MI (231) 941-4500
Listing date Dec 12, 2025
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 4.35‑acre parcel approved PD for mixed‑use development with a 32,300 SF building footprint and 45‑ft height requirement
- Approved mix includes retail on floor 1 for up to 19 units plus 2 floors of residential condominium units
- All site infrastructure is fully developed: underground sewer, water, electric, cable, and storm water management
- Includes a 12,000 SF mixed‑use building known as the former Williamsburg Dinner Theatre
- Direct access to the TART Trail; about 1/4 mile from the east arm of Grand Traverse Bay and the renovated Bayside Park
- Directly adjacent to Acme Meijer; about 3.5 miles to Turtle Creek Casino and under 1.5 miles to Grand Traverse Resort & Spa
Overview
The property is positioned on a busy thoroughfare with easy access, at 4160 M-72 E in Williamsburg, Michigan. The site is described as directly adjacent to Acme Meijer, and approximately one-quarter mile from the east arm of Grand Traverse Bay and the newly renovated Bayside Park. Additional stated distances include about 3.5 miles to Turtle Creek Casino and less than 1.5 miles to the Grand Traverse Resort & Spa.
For buyers or developers, the combination of an approved mixed-use plan and completed infrastructure may support streamlined permitting and construction planning. The included existing building could also be evaluated as part of a broader redevelopment or repositioning strategy consistent with the site’s mixed-use approvals.
Local Financial Insights For Retail
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 | $235.4k | $19.20 |
| − Vacancy | −$18.8k | −$1.54 |
| EGI | $216.5k | $17.66 |
| − OpEx | −$65.0k | −$5.30 |
| NOI | $151.6k | $12.36 |
Alternative Uses
Current Use by Public Records
Map
- City
- Williamsburg
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.49052213
- Latitude
- 44.77278927
