5 W Main Street, Boyne City, MI 49712
- Added:
- May 11, 2026
- Days on Market:
- 57
- Last Refresh:
- Jul 6 at 2:06 pm
Property Features for 5 W Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Com
- Standard status
- Active
- APN
- 051-453-023-20
- Size
- 10,560 SF
Taxes and HOA fees
- Tax Description
- LOTS 23,24,25 & 26 BLK E PLAT OF SOUTH BOYNE; EX E 20FT OF LOT 26 BLK E, ALL IN PLAT OF SOUTH BOYNE
Utilities
- Heating system
- Natural Gas
Building Details
- Building materials
- Wood Frame
- Roof type
- Built-Up
Listing agent Marty Moody License #6506043488 (231) 633-2500
Listing office Lynda's Real Estate Service 27 S Lake St., Boyne City, MI (231) 582-9555
Listing date May 11, 2026
Copyright © 2026 Northern Michigan 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
- Approx. 11,000 sq. ft. office and retail building in downtown Boyne City
- 16 individual suites with a mix of office and retail use
- Largest suite offers 3,000 sq. ft. with 9 restrooms total in the building
- Includes approx. 20,000 sq. ft. of parking controlled by the new owner
- Wood frame construction with natural gas heating and a built‑up roof
- Building overlooks Peninsula Beach and Lake Charlevoix
Overview
Located at 5 W Main Street in Boyne City, the building overlooks Peninsula Beach and Lake Charlevoix. The property is also supported by approximately 20,000 sq. ft. of parking controlled by the owner, providing room for tenants and visitors.
With its multi-suite structure and office-and-retail mix, the building can be considered by buyers seeking a single property that can accommodate multiple tenant needs under one roof. The individual suite layout may appeal to users looking for flexible space arrangements, and the larger suite configuration can suit businesses that want a prominent, self-contained area within the same building.
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 | $202.8k | $19.20 |
| − Vacancy | −$14.2k | −$1.34 |
| EGI | $188.6k | $17.86 |
| − OpEx | −$56.6k | −$5.36 |
| NOI | $132.0k | $12.50 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Boyne City
- County
- Charlevoix
- State
- Michigan
- Longitude
- -85.015802
- Latitude
- 45.211608
