Insulated Steel Storage
6555 US-31 Charlevoix, MI 49720
6555 US-31, Charlevoix, MI, 49720
$199,000
For Sale
$199,000
Well-insulated steel storage unit includes water, township sewer, and natural gas hookups.
Property Size1,875 SF
Price / SF$106.13
Days on Market16
Property Features for 6555 US-31
General Information
- Standard status
- Active
- Size
- 1,875 SF
- Property subtype
- Office, Industrial
Listing agency
Graham Real Estate
(231) 526-6251
Listed by
Drew Bartlett
(231) 526-6251
Source
Cpix.resimplifi
Added: Jul 6 Updated: Jul 10 at 2:14PM Checked: Jul 21 at 3:03AM
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
Local 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 | $18.7k | $9.96 |
| − Vacancy | −$1.9k | −$1.00 |
| EGI | $16.8k | $8.96 |
| − OpEx | −$2.5k | −$1.34 |
| NOI | $14.3k | $7.62 |
1,875 SF · lease $9.96/SF/yr · vacancy 10.00% · expense 15.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- Charlevoix Mini Storage — 06795 US-31, Charlevoix, MI 49720
FAQs
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
