Flex Space with Overhead
8932 Moeller Drive, Harbor Springs, MI 49740
For Sale
$549,000
Commercial/Industrial, Harbor Springs, MI
Property Size2,970 SF
Price / SF$184.85
Days on Market96
Property Features for 8932 Moeller Drive
General Information
Property type
Property subtype
Zoning
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Taxes and HOA fees
Tax Description
HOA Fee
Legal Description
Utilities
Heating system
Amenities
kitchen/lounge
oversied bathroom
cedar cloeet
RV hookup
RV dum stations
landscaped grounds
Building Details
Building materials
Roof type
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Estate - HS
(231) 526-9800
Listed By:
Tom Mooradian · License MI #6501314498
(616) 334-6672
Added: Aug 7
Changed: Nov 4
Last Checked: Nov 10 at 2:06PM
MLS# 480407
Copyright © 2026 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,970-square-foot flex space uses steel-frame, post-and-frame construction and has 10-inch insulated walls, blown-in ceiling insulation, and 6-inch polished concrete floors reinforced with wire and chairs. Two insulated 14-by-14-foot overhead doors have heavy-duty side openers. Interior features include a 13-by-21-foot kitchen and lounge with cabinetry, a sink, refrigerator, dishwasher, and microwave, plus a 13-by-16-foot cedar closet and an oversized bathroom. A 50-amp RV hookup is also installed.
The landscaped grounds include three shared RV dump stations and 66-foot-wide approaches for maneuvering larger vehicles and boat trailers. The property is zoned LTT-I-1 and is located in Harbor Springs, with Petoskey and Alanson also noted as nearby communities.
The landscaped grounds include three shared RV dump stations and 66-foot-wide approaches for maneuvering larger vehicles and boat trailers. The property is zoned LTT-I-1 and is located in Harbor Springs, with Petoskey and Alanson also noted as nearby communities.
Key Highlights
- 2,970 square feet of flex space
- Two insulated 14' x 14' overhead doors with heavy‑duty side openers
- 10" insulated walls and blown‑in ceiling insulation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,050
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,000
$941.0K
Cap Rate 7%
$672,143
$672.1K
Cap Rate 9%
$522,778
$522.8K
Market Conditions
NOI Build-Up for 2,970 SF
Gross rent
$59.5K $20.04/SF
− Vacancy
−$4.2K −$1.40/SF
EGI
$55.4K $18.64/SF
− OpEx
−$8.3K −$2.80/SF
NOI
$47.0K $15.84/SF
Area
Emmet County, MI
Vacancy
7.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,000
Cap Rate 7%
$672,143
Cap Rate 9%
$522,778
Alternative Uses
Best Use
Warehouse
$672.1K
$588.1K – $784.2K
NOI $47,050 @ 7.0% cap · market cap 8.57%
Second Best
Industrial
$553.5K
$484.3K – $645.8K
NOI $38,747 @ 7.0% cap · market cap 7.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49740, MI
7,511
Population
6,057
Households
1.2
Avg Household Size
55
Median Age
46%
College-Educated
97%
High-School Grad
124.9 sq mi
ZIP Area
60
Density / Sq Mi
$85,230
Median Household Income
$38,820
Median Earnings
$997
Median Rent
$332,600
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Depot Catering — 1053 W Conway Rd, Petoskey, MI 49770, United States
Frequently Asked Questions
What type of property is this?
Flex space - Interior improvements include a kitchen lounge, cedar storage, and an oversized bathroom.
Where is this flex space located?
The property is located at 8932 Moeller Drive Harbor Springs, MI.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 2,970 square feet of flex space; Two insulated 14' x 14' overhead doors with heavy‑duty side openers; 10" insulated walls and blown‑in ceiling insulation
