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Heated Flex Space with Mezzanine
For Sale
$189,900

5384 COMMERCE BOULEVARD, Indian River, MI 49749

INDIAN RIVER, MI

Property SizeContact for details
Days on Market9

Property Features for 5384 COMMERCE BOULEVARD

General Information

Property type Land
Property subtype Other
Elementary school INLAND LAKES
Subdivision Tuscarora
Standard status Active
Listing Agency: Indian River · Coldwell Banker Real Estate
Listed By: Billy Andrew · License #6506045131
Added: Aug 13 Changed: Aug 19 Last Checked: Aug 21 at 4:06AM
MLS# 201839113

Copyright © 2026 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This newly built flex space combines a 24' x 60' main level with a 24' x 15' mezzanine that can support office, lounge, or storage functions. The unit includes a half bath, rinse tub, cold-water spigot, and heating for year-round usability. A 16' x 16' overhead garage door with a Liftmaster opener provides access for boats, RVs, and other large recreational equipment.

Light-industrial zoning supports a range of commercial or personal uses. The property is located minutes from downtown Indian River and the shores of Mullett Lake and Burt Lake, placing workspace and storage near Northern Michigan recreation destinations.

Key Highlights

  • New 24' x 60' flex space with 24' x 15' mezzanine
  • 16' x 16' oversized garage door with Liftmaster opener
  • Half bath, rinse tub, and cold water spigot on the main level

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage Building Supply Auto Repair Shop Auto Parts Store (Bike/Boat/Book/etc) Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Drive-in doors

Location Intelligence

Trade Area within ½ mile

12
Businesses Nearby

Demographics for 49749, MI

4,087
Population
3,995
Households
1
Avg Household Size
52
Median Age
33%
College-Educated
90%
High-School Grad
64.8 sq mi
ZIP Area
63
Density / Sq Mi
$66,604
Median Household Income
$36,471
Median Earnings
$862
Median Rent
$202,600
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Newly built light-industrial space with adaptable work, storage, and personal-use capability.
Where is this flex space located?
The property is located at 5384 COMMERCE BOULEVARD Indian River, MI.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: New 24' x 60' flex space with 24' x 15' mezzanine; 16' x 16' oversized garage door with Liftmaster opener; Half bath, rinse tub, and cold water spigot on the main level
More about this property
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