8890 US-131 S, Grawn, MI 49637
- Added:
- Mar 2, 2026
- Days on Market:
- 119
- Last Refresh:
- Jun 29 at 2:06 am
Property Features for 8890 US-131 S
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- Size
- 1,836 SF
- Lot size
- 0.76 Acres
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1962
- Roof type
- Other
- Architectural style
- Other
Listing agent Laurie Bouwman (231) 631-4919
Listing office Bouwman Realty Group 2784 M-137, Interlochen, MI (231) 631-4919
Listing date Mar 2, 2026
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 100 feet of Prime Road Frontage on US HIGHWAY 31 with Extremely High Traffic Count
- Commercial Zoning with Options for Residential or Business Use
- 1836 sq ft Building and 40x24 Pole Barn with Heat and Electric
- Over 3/4s of an Acre of Land
- Close Proximity to Interlochen Corners, Interlochen Village, Interlochen Center for the Arts, and Traverse City
- Newer Water Heater and Furnace
Overview
Per the provided details, the property has about 100 feet of prime road frontage along U.S. 131 S in Grawn, Michigan. It is described as being near Interlochen Corners and close to Interlochen Village and Interlochen Center for the Arts, with Traverse City also noted as nearby.
Zoned Commercial while currently operated as a residence, the site can appeal to buyers looking for flexible use within a single parcel—whether continuing the home as a rental, keeping it as a residence, or using it as a base for a home-based business or other new business concept. The combination of an existing home and an equipped pole barn can also be practical for tenants or operators who want on-site storage and workspace alongside residential living.
Local Financial Insights For Apartment 5plus
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 | $33.0k | $18.00 |
| − Vacancy | −$1.3k | −$0.72 |
| EGI | $31.7k | $17.28 |
| − OpEx | −$14.3k | −$7.78 |
| NOI | $17.4k | $9.50 |
Alternative Uses
Current Use by Public Records
Map
- City
- Grawn
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.75549942
- Latitude
- 44.65901902
