Building Details

Building Size 925 SF

Year Built 1971

Stories 1

Listing Agency: Three West Commercial b***@threewest.com Show Phone

Listed By: Bill Somerville · License #6501400610 Show Phone

Source: Cpix.resimplifi

Added: Jul 8 Changed: Aug 21 Last Checked: Aug 29 at 5:53AM

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Investment Insights

Based on property information with market context.

This updated office/retail building includes two offices plus an open work area, along with a kitchen/breakroom and restroom. The layout also features a yard area to the south, providing additional outdoor space associated with the property.

The property is located in Elk Rapids with visibility along US 31 and offers plenty of parking directly in front. It is within walking distance to the beach and downtown Elk Rapids, as well as Short’s Pull Barn.

B-3 Commercial Business zoning allows for a variety of uses, supporting flexibility for an office or retail tenant depending on their needs.

Key Highlights

• Nicely updated office/retail building built in 1971 with 2 offices plus an open work area
• Includes kitchen/breakroom and restroom
• Plenty of parking directly in front of the building

Property Analytics

Property Profile

Current Use

Office Units

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Repair Shop Storage Facility Kitchen & Bath Showroom Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Office units

NNN (Triple Net)

Lease Type

$2.92 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

331

Businesses Nearby

Explore this area Business Placement

Demographics for 49629, MI

1,997

Population

1,696

Households

1.2

Avg Household Size

60

Median Age

46%

College-Educated

99%

High-School Grad

3.8 sq mi

ZIP Area

526

Density / Sq Mi

$74,318

Median Household Income

$46,250

Median Earnings

$1,032

Median Rent

$347,100

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Updated office/retail building features two offices, open work area, breakroom, restroom, and on-site front parking.

Where is this office units located?

The property is located at 9066 N Bayshore Dr Elk Rapids, MI.

What is the lease rate?

The lease rate is $19.46 SF/Yr.

What are key features of this property?

This property features: Nicely updated office/retail building built in 1971 with 2 offices plus an open work area; Includes kitchen/breakroom and restroom; Plenty of parking directly in front of the building