Historic Three-Level Grain
8572 Silver Lake Road Linden, MI 48451
8572 Silver Lake Road, Linden, MI, 48451
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For Sale
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Historic grain mill spans three levels along Ore Creek and includes an additional pole barn on the north side.
Property Size5,140 SF
Price / SF$155.45
Days on Market98
Property Features for 8572 Silver Lake Road
General Information
- Standard status
- Active
- Size
- 5,140 SF
- Property subtype
- Land
Building Details
- Year Built
- 1837
Listing agency
RE/MAX Select
(810) 238-8888
Listed by
Shane Adams · License #6501268702
Source
Crexi
Added: Apr 15 Updated: Jul 20 at 9:37PM Checked: Jul 20 at 9:37PM
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 RE/MAX Select
Investment Insights
Based on property information with market context.
This historic grain mill offers a three-level layout totaling 5,140 square feet and frontage along Ore Creek. An additional pole barn is located on the north side of the property for added operational convenience.
The seller has developed floorplans for a restaurant or brewery concept, providing an early starting point for buildout planning. Plans also include renovation of the parking lot to accommodate 27 spaces, supporting an approximate 70-person capacity, with flexibility for dining areas and private events across the multi-level configuration. An elevator installation has been considered to support fuller utilization of upper floors as operations expand.
Suitable for an owner seeking a distinctive, destination-style redevelopment, the property combines historic character with a natural creek-side setting and strong visibility for an entertainment, restaurant, or brewery use.
The seller has developed floorplans for a restaurant or brewery concept, providing an early starting point for buildout planning. Plans also include renovation of the parking lot to accommodate 27 spaces, supporting an approximate 70-person capacity, with flexibility for dining areas and private events across the multi-level configuration. An elevator installation has been considered to support fuller utilization of upper floors as operations expand.
Suitable for an owner seeking a distinctive, destination-style redevelopment, the property combines historic character with a natural creek-side setting and strong visibility for an entertainment, restaurant, or brewery use.
Key Highlights
- Historic 5,140 SF grain mill built in 1837 with a three‑level layout along Ore Creek
- Property includes an additional pole barn on the north side
- Redevelopment planning includes floorplans for a restaurant or brewery concept
Local Financial Insights For Specialty Retail
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 | $74.0k | $14.40 |
| − Vacancy | −$13.2k | −$2.58 |
| EGI | $60.8k | $11.82 |
| − OpEx | −$15.2k | −$2.96 |
| NOI | $45.6k | $8.87 |
5,140 SF · lease $14.40/SF/yr · vacancy 17.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$651.1K
$569.7K – $759.6K
NOI $45,575 @ 7.0% cap · market cap 5.70%
Second Best
Industrial
$415.9K
$363.9K – $485.2K
NOI $29,111 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$1.08M
$946.4K – $1.26M
NOI $75,711 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Computer Sales & Services ...
Computer & Electronic Repair
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FAQs
What type of property is this?
Brewery - Historic grain mill spans three levels along Ore Creek and includes an additional pole barn on the north side.
Where is this brewery located?
The property is located at 8572 Silver Lake Road Linden, MI.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Historic 5,140 SF grain mill built in 1837 with a three‑level layout along Ore Creek; Property includes an additional pole barn on the north side; Redevelopment planning includes floorplans for a restaurant or brewery concept
