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New 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: Sep 2 Last Checked: Sep 10 at 4:06PM
MLS# 201834876

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 new flex space combines a 24' x 60' main-level area with a 24' x 15' mezzanine, creating room for workspace, an office, lounge, or storage. The building includes efficient heating, a half bath, rinse tub, and cold water spigot. A 16' x 16' overhead garage door with LiftMaster opener accommodates boats, RVs, and other large recreational equipment.

Zoned light industrial, the property supports a range of commercial or personal-use applications. The address is 5384 Commerce Boulevard in Indian River, Michigan, minutes from downtown Indian River and the shores of Mullett Lake and Burt Lake. Its location in Cheboygan County places the facility within Northern Michigan.

Key Highlights

  • 24' x 60' new flex space with a 24' x 15' mezzanine
  • 16' x 16' oversized garage door with Liftmaster opener
  • Light industrial zoning supports commercial or personal uses

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Heated light-industrial space offers adaptable commercial or personal-use functionality with a half bath and rinse tub.
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: 24' x 60' new flex space with a 24' x 15' mezzanine; 16' x 16' oversized garage door with Liftmaster opener; Light industrial zoning supports commercial or personal uses
More about this property
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