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    Insulated Steel Storage Unit Title is generated by Realmo AI

    6555 US-31, Charlevoix, MI 49720

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    Claim this Listing
    New
    For Sale
    $199,000

    Well-insulated steel storage unit includes water, township sewer, and natural gas hookups.

    Type:Office, Industrial
    Property size:
    1,875 SF
    Price / SF:
    $106/SF
    Added:
    Jul 6, 2026
    Days on Market:
    4
    Last Refresh:
    Jul 9 at 2:39 am

    Property Features for 6555 US-31

    General Information

    Standard status
    Active
    Size
    1,875 SF
    Property subtype
    Office, Industrial

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    Drew Bartlett

    Listing office Graham Real Estate

    Listing date Jul 6, 2026

    Source Cpix.resimplifi

    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

    HighLights

    • Well‑insulated steel storage unit
    • Includes water, township sewer, and natural gas hookups
    • 20' high door for easy storage access
    • Easy access to US 31

    Overview

    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.

    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 (±1% cap)
    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 (±1% cap)
    NOI $26,568 @ 7.0% cap · market cap 13.35%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Law Firm Building Supply HVAC Service Bakery Gym & Fitness Center Storage Facility Carpet & Flooring Store (Bike/Boat/Book/etc) Store Nail Salon Computer & Electronic Repair

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charlevoix
    County
    Charlevoix
    State
    Michigan
    Longitude
    -85.27431
    Latitude
    45.300992

    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
    More about this property
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