Property profile

195 M-66 Charlevoix, MI 49720

OFF-MARKET
Industrial properties
11,180 SF 1.13 ac lot Built 1996
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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

Location

195 M-66 Charlevoix, MI 49720
Charlevoix metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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