10549 Northland Drive NE, Rockford, MI 49341
COMMERCIAL - Rockford, MI
- Added:
- Aug 20, 2024
- Days on Market:
- 677
- Last Refresh:
- Jun 27 at 7:06 am
Property Features for 10549 Northland Drive NE
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1, Basement
- Interior features
- Broadband
- Standard status
- Active
- APN
- 41-06-24-276-006
- Size
- 1,472 SF
- Lot size
- 2.50 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- DIST:12 CITY/MUNI/TWP:ALGOMA TWP SEC/TWN/RNG/MER:SEC 24 TWN 09N RNG 11W N 82.5 FT OF S 1006.5 FT OF E 1/2 NE 1/4 * SEC
- Tax Annual Amount
- 1329
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Forced Air
- Water source
- Well
Building Details
- Year built
- 1948
- Number of units
- 1
- Building materials
- Aluminum Siding
- Roof type
- Composition
Listing agent Jason Woodard License #6501385098 (616) 293-0590
Listing office Greenridge Realty (Greenvl) 213 S Lafayette, Saranac, MI (616) 225-2175
Listing date Aug 20, 2024
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HighLights
- Potential for rental income or office space with existing house and detached garage.
- Room for staging area or storage units behind the house.
- Located just north of Rockford on Northland Dr.
- Broadband internet available.
- Utilities include cable availability.
- Forced air heating.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.8k | $15.48 |
| − Vacancy | −$957 | −$0.65 |
| EGI | $21.8k | $14.83 |
| − OpEx | −$6.5k | −$4.45 |
| NOI | $15.3k | $10.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rockford
- County
- Kent
- State
- Michigan
- Longitude
- -85.551162
- Latitude
- 43.156472
