890 Island Lake RdKalkaska, MI 49646

  • Commercial real estate
  • 15.00 AC
For Sale
$1,400,000 View listing

Property Details for 890 Island Lake Rd

Lot size
15.00 AC
Property type
Commercial real estate
APN
008-017-010-10
APU
801701010

Description

This exceptional 9-acre industrial property in Kalkaska, MI, presents a compelling investment opportunity. The property boasts a substantial 14,835 square foot commercial building, ideally suited for a variety of industrial uses. The building is exceptionally well-maintained and includes numerous offices, a fully equipped kitchen area, and convenient restroom/locker room facilities. Adding to its versatility, a 135-foot tower with existing cable and antenna infrastructure is also included. The property is zoned "light industrial," ensuring flexibility for various business ventures. Its prime Kalkaska location offers excellent accessibility and visibility. The seller is willing to facilitate a survey and consider dividing the property, subject to agreeable terms and conditions. This presents a unique chance to acquire a substantial industrial property with significant potential for expansion or subdivision, making it an attractive prospect for both established businesses and forward-thinking investors. The property's size, existing infrastructure, and desirable location combine to create a truly exceptional opportunity in the thriving Kalkaska market. Serious inquiries are encouraged to explore the possibilities this property offers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $136,597,104
    Hospitality
    $125,122,216
    Educational
    $104,100,216
    Medical
    $107,680,384
    Retail
    $161,933,664

Location Insight

City
Kalkaska
County
Kalkaska
State
Michigan
Latitude
44.7292
Longitude
-85.1917
CBSA code
45900
CBSA name
TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
-
-
-
-
-
-
-

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