Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1340 Mcgregor Way Grawn, MI 49637

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1340 Mcgregor Way Grawn, MI 49637

    View on Map
    • Mixed-use properties
    • 1,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 1340 Mcgregor Way

    Year built
    2024
    Property size
    1,200 SF
    Property type
    Mixed-use properties

    Description

    This exceptional investment opportunity presents a brand-new mixed-use storage condominium, currently under construction and slated for completion in mid-October. Located at 1340 McGregor Way, Unit 1, Grawn, Michigan, this 1200-square-foot building offers substantial storage space, perfect for a variety of uses. The structure boasts a generous 30' x 40' footprint, providing ample room for inventory, equipment, or other storage needs. Durable construction includes 4" cement floors, ensuring longevity and resilience. The unit is equipped with a robust 200-amp electrical service, catering to power-intensive operations. This property is part of the Eagle Storage Condominiums II development, as detailed in the attached site plan. Please note that the provided photographs depict existing condominiums within the development and serve as a visual representation of the quality and style. This is a to-be-built unit, offering a chance to acquire a modern, well-equipped storage space in a prime location. The asking price is $89,900. This represents a compelling opportunity for investors seeking a strong return on investment in a growing market. Contact us today to learn more and secure this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grawn
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.7009
    Latitude
    44.6674

    Comparable in this City

    • Value Estimation by Request
      12.80 Acres

      000 Silver Lk

      Mixed-use properties • 12.80 Acres
      000 Silver Lk, Grawn, MI 49637
      View Details
    • Value Estimation by Request
      4,880 SF

      4287 M 37

      INDUSTRIAL LOFT BUILDING • 4,880 SF
      4287 M 37, Grawn, MI 49637-9745
      View Details
    • Value Estimation by Request
      1.91 Acres

      Us 31st S

      VACANT COMMERCIAL LAND • 1.91 Acres
      Us 31st S, Grawn, MI 49637
      View Details
    • Value Estimation by Request
      1.19 Acres

      Silver Lk Xing Blvd

      VACANT COMMERCIAL LAND • 1.19 Acres
      Silver Lk Xing Blvd, Grawn, MI 49637
      View Details
    • Value Estimation by Request
      968 SF

      2160 Tonawanda Lk Rdc6

      WAREHOUSE, STORAGE • 968 SF
      2160 Tonawanda Lk Rdc6, Grawn, MI 49637-9714
      View Details
    • Value Estimation by Request
      640 SF

      2160 Tonawanda Lk Rdb5

      WAREHOUSE, STORAGE • 640 SF
      2160 Tonawanda Lk Rdb5, Grawn, MI 49637-9714
      View Details

    Similar Nearby for Sale

    • $425,000
      1,276 SF

      Highway Frontage Investment Opportunity

      Mixed-use property with highway frontage near Interlochen Corners.
      8921 Us-31, Grawn, MI 49637
      View Details
    • $329,000
      0.76 Acres

      Highway Frontage Commercial Property

      Commercial property with high traffic, building, and pole barn.
      8890 Us-131 S, Grawn, MI 49637
      View Details
    • $1,499,000
      14,929 SF

      Grawn Warehouse/Manufacturing Opportunity

      18-acre property on high-traffic corridor with redevelopment potential.
      1893 Pne Tree Dr, Grawn, MI 49637
      View Details
    • $619,000
      6,720 SF

      Grawn Retail Store on US-31

      6,720 SF commercial building on high-traffic US-31.
      8722 Us Highway 31, Grawn, MI 49637
      View Details
    • $65,000
      1.06 Acres

      Commercial Acreage on US-31

      1.06 acre commercial lot in Grawn, Michigan.
      6274 S Us Highway 31, Grawn, MI 49637
      View Details
    • Contact for pricing
      2,400 SF

      New Storage Barns For Sale

      Newly constructed storage barns, convenient location near Interlochen and Traverse City.
      1340 Mcgregor Way, Grawn, MI 49637
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1340 Mcgregor Way
    Grawn, MI 49637
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    1340 Mcgregor Way, Grawn, MI, 49637

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!