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    OFF-MARKET
    Industrial properties

    195 M-66, Charlevoix, MI 49720

    11,180 SF 1.13 ac lot Built 1996
    Property ID
    Property summary
    AI-generated overview

    This exceptional 11,180 square foot industrial building presents a unique investment opportunity in Charlevoix, Michigan. Strategically located on 1.13 acres of land at 195 M-66 North, this former drug store boasts a prime location within the main retail center, anchored by a Family Fare Grocery Store. Its high visibility from the intersection of US 31 and M-66, boasting a combined average annual daily traffic count exceeding 27,930 vehicles, ensures significant exposure. The property offers convenient access and ample parking with 41 standard spaces and 2 accessible spaces. A key feature is the existing drive-thru window, adding versatility for a wide range of potential uses. The building's previous occupant generated $5.8 million in sales within the last year, demonstrating strong potential for future success. The property is situated just south of downtown Charlevoix, a vibrant area known for its proximity to Lake Michigan, Round Lake, Lake Charlevoix beaches, golf courses, and year-round attractions. This property is available for purchase at $1,699,000, and lease terms are negotiable. Contact us to discuss this exceptional opportunity further.

    Property profile
    Verified
    Property type Industrial properties
    Year built 1996
    Total area 11,180 SF
    Lot 1.13 ac (49,223 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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