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    Sturgis Commercial Property For Sale Title is generated by Realmo AI

    1125 N Nottawa Street, Sturgis, MI 49091

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    For Sale
    $175,000

    COMMERCIAL - Sturgis, MI

    Type:Office
    Property size:
    1,092 SF
    Lot size:
    0.30 Acres
    Price / SF:
    $160/SF
    Added:
    May 6, 2026
    Days on Market:
    17
    Last Refresh:
    May 22 at 11:06 am

    Property Features for 1125 N Nottawa Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Bathrooms
    1
    Rooms
    Bathroom 1, Basement
    Interior features
    Broadband
    Standard status
    Active
    APN
    052-373-002-00
    Size
    1,092 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    S 34 FT OF LOT 1 & N 66 FT LOT 2 KAY-BEE MANOR SUBDIV CITY OF STURGIS (TRANS 11-03 75 014 120 002 00)

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1961
    Number of units
    1
    Building materials
    Vinyl Siding, Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Mike Himes
    Mike Himes

    Listing agent Mike Himes License #6501408694

    Listing office RE/MAX Elite Group 26078 US 12 Hwy Suite A, Sturgis, MI

    Listing date May 6, 2026

    MLS# 26020774

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location with excellent visibility on a prime commercial roadway
    • Versatile BH2 zoning allows for a wide range of business uses
    • Ample parking available for customers and employees
    • Flexible space options suitable for owner‑users or investors
    • Easy access to the property, maximizing exposure
    • Central air conditioning and forced air heating

    Overview

    Located in the City of Sturgis on a high-traffic roadway, this commercial property offers excellent visibility and potential for various business uses. The property is currently zoned BH2, making it suitable for professional services, office space, retail, medical facilities, salons, or other commercial ventures. The location benefits from strong daily traffic counts and easy access, enhancing business exposure. The property provides ample parking and flexible space options, accommodating both owner-users and investors seeking to establish or expand in a growing area. The property has a size of 1092 square feet and is situated on a lot of 0.3 acres.

    Financial Insights

    Value Estimation Calculated for Healthcare Medical

    Conservative
    $144.7K
    NOI $13,021 @ 9.00% cap · cautious / downside scenario
    Moderate
    $186.0K
    NOI $13,021 @ 7.00% cap · market / base-case scenario
    Aggressive
    $260.4K
    NOI $13,021 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Healthcare Medical

    Component $ $/SF
    Gross rent $24.0k $21.96
    − Vacancy −$2.3k −$2.09
    EGI $21.7k $19.87
    − OpEx −$8.7k −$7.95
    NOI $13.0k $11.92
    1,092 SF · lease $21.96/SF/yr · vacancy 9.50% · expense 40.00%

    Alternative Use Scenarios

    Best Use
    Healthcare Medical
    $186.0K
    $162.8K – $217.0K (±1% cap)
    NOI $13,021 @ 7.0% cap · market cap 7.44%
    Second Best
    Office B
    $171.9K
    $150.4K – $200.5K (±1% cap)
    NOI $12,030 @ 7.0% cap · market cap 6.87%
    Theoretical Best
    Multifamily LT 5
    $13.61M
    $11.91M – $15.87M (±1% cap)
    NOI $952,463 @ 7.0% cap · market cap 544.26%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pregnancy Help Line Social Service Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sturgis
    County
    St. Joseph
    State
    Michigan
    Longitude
    -85.418247
    Latitude
    41.814597

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    FAQs

    What type of property is this?
    Office units - Versatile commercial property in Sturgis, ideal for various business uses.
    Where is this office units located?
    The property is located at 1125 N Nottawa Street Sturgis, MI.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: High‑traffic location with excellent visibility on a prime commercial roadway; Versatile BH2 zoning allows for a wide range of business uses; Ample parking available for customers and employees
    (517) 617-8911
    We can help!
    Listing Contact
    Mike Himes
    Mike Himes
    Real Estate License ID: 6501408694
    Learn More
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    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
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