123 S Main Street, Cedar Springs, MI 49319
COMMERCIAL - Cedar Springs, MI
- Added:
- Mar 29, 2025
- Days on Market:
- 443
- Last Refresh:
- Jun 14 at 1:06 pm
Property Features for 123 S Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Basement, Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 410225485005
- Size
- 1,829 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOT 4 & N 10 FT OF LOT 5 BLK 61 * VILLAGE OF CEDAR SPRINGS
- Tax Annual Amount
- 6108
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Number of units
- 1
- Building materials
- Vinyl Siding
- Roof type
- Composition
Listing agent Brynadette Powell License #6501358745 (616) 835-2624
Listing office Eggerding Inc., Arthur K. 3345 Remembrance Rd. NW, MI (616) 453-7655
Listing date Mar 29, 2025
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
- Prime downtown Main Street location with high visibility.
- Six private parking spaces, a rare downtown amenity.
- Extra‑large one‑stall garage with Tesla charger.
- Recently updated with a new roof (2024), furnace, and air conditioning (2022).
- Versatile layout with 1,250+ sq. ft. on the main floor, including three private offices, reception area, kitchen, and accessible bathroom with shower.
- Additional 500 sq. ft. upstairs with two rooms for office space or storage.
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 | $28.3k | $15.48 |
| − Vacancy | −$1.2k | −$0.65 |
| EGI | $27.1k | $14.83 |
| − OpEx | −$8.1k | −$4.45 |
| NOI | $19.0k | $10.38 |
Alternative Uses
Current Use by Public Records
Map
- City
- Cedar Springs
- County
- Kent
- State
- Michigan
- Longitude
- -85.551533
- Latitude
- 43.221406
