Lofted Flex
For Sale
$649,000
8932 Moeller Drive Unit 8, Harbor Springs, MI 49740
A versatile commercial interior combines lounge amenities, reinforced concrete floors, and oversized vehicle access.
Property Size2,970 SF
Price / SF$218.52
Days on Market71
Property Features for 8932 Moeller Drive Unit 8
General Information
Standard status
Active
Size
2,970 SF
Property subtype
Commercial/Industrial
Additional Details
Drive-In Doors
2
Taxes and HOA fees
Annual Taxes
$2,970
Amenities
kitchen/lounge
cedar closet
oversized bathroom
overhead doors
RV hookup
epoxy floors
landscaped grounds
shared RV dump stations
wide approaches
Building Details
Building Size
2,970 SF
Construction
post and frame
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Estate - HS
Listed By:
Tom Mooradian · License #6501314498
(616) 334-6672
Source:
Patobrien
Added: Aug 7
Changed: Oct 9
Last Checked: Oct 15 at 6:17AM
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 Berkshire Hathaway HomeServices Michigan Real Estate - HS
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Investment Insights
Based on property information with market context.
This 2,970-square-foot lofted flex space is configured for showroom, workshop, storage, and entertainment use. The interior includes a 13' x 21' kitchen and lounge with cabinetry, sink, refrigerator, dishwasher, and microwave, along with a 13' x 16' cedar closet and an oversized bathroom. The building uses Morton post-and-frame construction with 10" insulated walls, blown-in ceiling insulation, and 6" polished concrete floors reinforced with wire and chairs.
Two 14' x 14' insulated overhead doors with heavy-duty side openers support vehicle access, while epoxy flooring and a 50-amp RV hookup add functional versatility. The landscaped shared grounds include three RV dump stations and 66' approaches designed for maneuvering 45'+ RVs and boat trailers. The property is located near Harbor Springs, Petoskey, and Alanson and is zoned LTT I-1.
Two 14' x 14' insulated overhead doors with heavy-duty side openers support vehicle access, while epoxy flooring and a 50-amp RV hookup add functional versatility. The landscaped shared grounds include three RV dump stations and 66' approaches designed for maneuvering 45'+ RVs and boat trailers. The property is located near Harbor Springs, Petoskey, and Alanson and is zoned LTT I-1.
Key Highlights
- 2,970 sq. ft. lofted flex space
- 13' x 21' kitchen/lounge with cabinetry and appliances
- Two 14' x 14' insulated overhead doors with heavy‑duty side openers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,050
Cap Rate
7.25%
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 7.25%
Second Best
Industrial
$553.5K
$484.3K – $645.8K
NOI $38,747 @ 7.0% cap · market cap 5.97%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Drive-in doors
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - A versatile commercial interior combines lounge amenities, reinforced concrete floors, and oversized vehicle access.
Where is this flex space located?
The property is located at 8932 Moeller Drive Unit 8 Harbor Springs, MI.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 2,970 sq. ft. lofted flex space; 13' x 21' kitchen/lounge with cabinetry and appliances; Two 14' x 14' insulated overhead doors with heavy‑duty side openers
