Flexible Commercial Warehouse
5600 US-31 N Williamsburg, MI 49690
For Sale
$1,600,000
Flex and warehouse space includes showroom areas, overhead doors, a loading dock, and ample parking with dual access.
Property Size15,889 SF
Lot Size1.10 Acres
Price / SF$100.70
Days on Market21
Property Features for 5600 US-31 N
General Information
- Standard status
- Active
- Size
- 15,889 SF
- Lot size
- 1.10 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1970
Listing Agency:
@properties Christie's Int'l
(231) 620-2989
Listed By:
Ken Kleinrichert · License #6506042006
(231) 620-2989
Source:
Elliman
Added: Jul 4
Changed: Jul 23
Last Checked: Jul 23 at 3:10PM
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 @properties Christie's Int'l
Investment Insights
Based on property information with market context.
This flexible commercial property totals 15,889 square feet and is positioned for a wide range of uses. The building offers expansive showroom space, warehouse facilities, overhead doors, and a loading dock, with ample on-site parking to support day-to-day operations. Wilson's Antiques currently occupies the building, providing in-place income and offering an owner-user, investor, or redevelopment option.
Set along the US-31 corridor in Acme Township, the site features exceptional highway frontage and dual ingress and egress from both US-31 and Cresthaven Lane. The property is directly across from East Bay Harbor Marina and provides views of East Grand Traverse Bay, while also being located just minutes from downtown Traverse City.
The overall layout supports both customer-facing showroom activity and warehouse/receiving functions, with practical access designed to accommodate deliveries and parking needs.
Set along the US-31 corridor in Acme Township, the site features exceptional highway frontage and dual ingress and egress from both US-31 and Cresthaven Lane. The property is directly across from East Bay Harbor Marina and provides views of East Grand Traverse Bay, while also being located just minutes from downtown Traverse City.
The overall layout supports both customer-facing showroom activity and warehouse/receiving functions, with practical access designed to accommodate deliveries and parking needs.
Key Highlights
- Approximately 1.1‑acre commercial property on the US‑31 corridor in Acme Township
- 15,889 SF building with flexible showroom and warehouse space
- Dual ingress/egress from both US‑31 and Cresthaven Lane
Financial Insights For Warehouse
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 | $158.3k | $9.96 |
| − Vacancy | −$9.5k | −$0.60 |
| EGI | $148.8k | $9.36 |
| − OpEx | −$22.3k | −$1.40 |
| NOI | $126.4k | $7.96 |
15,889 SF · lease $9.96/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Retail
$2.81M
$2.46M – $3.27M
NOI $196,464 @ 7.0% cap · market cap 12.28%
Second Best
Flex RnD
$2.34M
$2.05M – $2.73M
NOI $163,668 @ 7.0% cap · market cap 10.23%
Theoretical Best
Office A
$3.45M
$3.02M – $4.03M
NOI $241,614 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Catering By Kelly's — 4240 M-72, Williamsburg, MI 49690
FAQs
What type of property is this?
Flex space - Flex and warehouse space includes showroom areas, overhead doors, a loading dock, and ample parking with dual access.
Where is this flex space located?
The property is located at 5600 US-31 N Williamsburg, MI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Approximately 1.1‑acre commercial property on the US‑31 corridor in Acme Township; 15,889 SF building with flexible showroom and warehouse space; Dual ingress/egress from both US‑31 and Cresthaven Lane
