Downtown Office/Retail
For Sale
$289,000
123 S Main Street, Cedar Springs, MI 49319
COMMERCIAL - Cedar Springs, MI
Property Size1,829 SF
Lot Size0.23 Acres
Price / SF$158.01
Days on Market490
Property Features for 123 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
B2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Basement
Interior features
Broadband
Elementary school district
Cedar Springs
Middle school district
Cedar Springs
High school district
Cedar Springs
Directions
131 Cedar Springs Exit. (east) to Main St. aka Northland Dr. (north) west side of the street between Church St. and Beech St.
Subdivision
Grand Rapids - G
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
Legal Description
LOT 4 & N 10 FT OF LOT 5 BLK 61 * VILLAGE OF CEDAR SPRINGS
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
kitchen
accessible bathroom
separate shower room
Tesla Charger in Garage
Building Details
Year built
1900
Number of units
1
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Eggerding Inc., Arthur K.
(616) 453-7655
Listed By:
Brynadette Powell · License #6501358745
(616) 835-2624
Added: Mar 29, 2025
Changed: Jul 25
Last Checked: Jul 31 at 8:06AM
MLS# 25012393
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.
Investment Insights
Based on property information with market context.
For sale: a downtown commercial building offering flexible office and retail use. The main floor features a reception area, three private offices, a kitchen, an accessible bathroom, and a separate shower room. Upstairs adds additional room for two more offices or storage.
Property improvements include a new roof in 2024 and a new furnace and air conditioning system in 2022. The property also includes six private parking spaces and an extra-large one-stall garage with a Tesla charger.
This configuration supports a business needing both customer-facing space and private working areas, with an added second level for overflow space.
Property improvements include a new roof in 2024 and a new furnace and air conditioning system in 2022. The property also includes six private parking spaces and an extra-large one-stall garage with a Tesla charger.
This configuration supports a business needing both customer-facing space and private working areas, with an added second level for overflow space.
Key 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.
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 |
1,829 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$271.2K
$237.3K – $316.5K
NOI $18,987 @ 7.0% cap · market cap 6.57%
Second Best
Office B
$261.1K
$228.4K – $304.6K
NOI $18,275 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$327.1K
$286.2K – $381.7K
NOI $22,899 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Explore this area
Business Placement
Demographics for 49319, MI
17,391
Population
7,150
Households
2.4
Avg Household Size
38
Median Age
20%
College-Educated
94%
High-School Grad
86.4 sq mi
ZIP Area
201
Density / Sq Mi
$78,247
Median Household Income
$44,041
Median Earnings
$1,060
Median Rent
$247,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Main floor office suite includes reception, three private offices, kitchen, accessible bathroom, and shower room, plus two upstairs rooms.
Where is this retail space located?
The property is located at 123 S Main Street Cedar Springs, MI.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Prime downtown Main Street location with high visibility.; Six private parking spaces, a rare downtown amenity.; Extra‑large one‑stall garage with Tesla charger.
