Insulated Steel Storage
For Sale
$199,000
6555 US-31, Charlevoix, MI 49720
Well-insulated steel storage unit includes water, township sewer, and natural gas hookups.
Property Size1,875 SF
Price / SF$106.13
Days on Market93
Property Features for 6555 US-31
General Information
Standard status
Active
Size
1,875 SF
Property subtype
Office, Industrial
Additional Details
Utilities to Site
Yes
Drive-In Doors
1
Building Details
Building Size
1,875 SF
Listing Agency:
Graham Real Estate
Listed By:
Drew Bartlett
(231) 526-6251
Source:
Cpix.resimplifi
Added: Jul 6
Changed: Oct 1
Last Checked: Oct 5 at 3:08PM
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
Investment Insights
Based on property information with market context.
This steel storage unit is well insulated and served by water, township sewer, and natural gas. The building features a 20’ high door and is designed for straightforward, easy access.
The property is located with convenient access to US 31.
With ample enclosed space, the unit offers flexibility for personal storage and hobby use, including the ability to make the space your own.
The property is located with convenient access to US 31.
With ample enclosed space, the unit offers flexibility for personal storage and hobby use, including the ability to make the space your own.
Key Highlights
- Well‑insulated steel storage unit
- Includes water, township sewer, and natural gas hookups
- 20' high door for easy storage access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,286
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,720
$285.7K
Cap Rate 7%
$204,086
$204.1K
Cap Rate 9%
$158,733
$158.7K
Market Conditions
NOI Build-Up for 1,875 SF
Gross rent
$18.7K $9.96/SF
− Vacancy
−$1.9K −$1.00/SF
EGI
$16.8K $8.96/SF
− OpEx
−$2.5K −$1.34/SF
NOI
$14.3K $7.62/SF
Area
Charlevoix County, MI
Vacancy
10.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,720
Cap Rate 7%
$204,086
Cap Rate 9%
$158,733
Alternative Uses
Best Use
Warehouse
$204.1K
$178.6K – $238.1K
NOI $14,286 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$379.5K
$332.1K – $442.8K
NOI $26,568 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49720, MI
9,127
Population
6,236
Households
1.5
Avg Household Size
52
Median Age
38%
College-Educated
97%
High-School Grad
95.5 sq mi
ZIP Area
96
Density / Sq Mi
$76,127
Median Household Income
$41,563
Median Earnings
$985
Median Rent
$265,100
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
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Similar Off Market Nearby
- Charlevoix Mini Storage — 06795 US-31, Charlevoix, MI 49720
Frequently Asked Questions
What type of property is this?
Warehouse - Well-insulated steel storage unit includes water, township sewer, and natural gas hookups.
Where is this warehouse located?
The property is located at 6555 US-31 Charlevoix, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Well‑insulated steel storage unit; Includes water, township sewer, and natural gas hookups; 20' high door for easy storage access
