Leased Post Office
For Sale
$209,000
6340 N Lake Shore Dr, Harbor Springs, MI 49740
Storefront building occupied by a post office under an existing lease.
Property Size700 SF
Price / SF$298.57
Days on Market52
Property Features for 6340 N Lake Shore Dr
General Information
Standard status
Active
Size
700 SF
Property subtype
Office, Retail
Zoning
EC R-2
Additional Details
Corner Location
Yes
Building Details
Building Size
700 SF
Tenancy
Single
Listing Agency:
Graham Real Estate
Listed By:
Drew Bartlett
(231) 526-6251
Source:
Cpix.resimplifi
Added: Aug 25
Changed: Oct 1
Last Checked: Oct 14 at 7:45PM
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 Graham Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property is occupied by a United States Post Office and is being offered with a lease already in place. The building is located at 6340 N Lake Shore Dr in Harbor Springs, Michigan, within Cross Village. It sits on a corner lot described as high traffic and is zoned EC R-2. Showings are limited to the post office’s operating hours, with some areas available for inspection only after a contract is in place.
Key Highlights
- Existing lease in place with a United States Post Office
- 700 property size as reported
- Corner‑lot setting in Cross Village
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,267
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,340
$145.3K
Cap Rate 7%
$103,814
$103.8K
Cap Rate 9%
$80,744
$80.7K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$10.8K $15.48/SF
− Vacancy
−$455 −$0.65/SF
EGI
$10.4K $14.83/SF
− OpEx
−$3.1K −$4.45/SF
NOI
$7.3K $10.38/SF
Area
Emmet County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,340
Cap Rate 7%
$103,814
Cap Rate 9%
$80,744
Alternative Uses
Best Use
Retail
$103.8K
$90.8K – $121.1K
NOI $7,267 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$158.4K
$138.6K – $184.8K
NOI $11,089 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49740, MI
7,511
Population
6,057
Households
1.2
Avg Household Size
55
Median Age
46%
College-Educated
97%
High-School Grad
124.9 sq mi
ZIP Area
60
Density / Sq Mi
$85,230
Median Household Income
$38,820
Median Earnings
$997
Median Rent
$332,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Storefront building occupied by a post office under an existing lease.
Where is this storefront property located?
The property is located at 6340 N Lake Shore Dr Harbor Springs, MI.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Existing lease in place with a United States Post Office; 700 property size as reported; Corner‑lot setting in Cross Village
