1605 BOOKNESS, Midland, MI 48640
Commercial/Industrial - Midland, MI
- Added:
- Apr 5, 2024
- Days on Market:
- 807
- Last Refresh:
- Jun 20 at 2:06 am
Property Features for 1605 BOOKNESS
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Mixed Use
- Interior features
- 220 Volt Power, Bath, Cable Internet Installed, Concrete Floor, Delivery Area, Display Window, Electric Available, Occupied, Showroom, Trash Removal, Unfinished Floor
- Exterior features
- Additional Bldg(s), Delivery Door, Outbuilding(s), Sidewalks
- Standard status
- Active
- APN
- 14-16-70-552
- Size
- 2,488 SF
- Lot size
- 0.53 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 2273
Utilities
- Utilities
- Electricity Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1936
- Building materials
- Block
- Architectural style
- Other
- Additional Structures
- Outbuilding
Listing agent Patrick Devereaux License #6501180276 (989) 280-2622
Listing office RE/MAX New Image 1668 Midland Rd, Saginaw, MI (989) 790-0890
Listing date Apr 5, 2024
Copyright © 2026 Saginaw Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Very profitable business with lots of clients.
- Business has been established for over 100 years.
- Building is in good condition.
- Central Air conditioning.
- Showroom and Display Window.
- Inventory available ($15,000‑25,000 extra).
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 | $29.9k | $12.00 |
| − Vacancy | −$5.3k | −$2.15 |
| EGI | $24.5k | $9.85 |
| − OpEx | −$7.4k | −$2.96 |
| NOI | $17.2k | $6.90 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Lapelle's Flowers & Gifts — 1605 Bookness St, Midland, MI 48640
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Michigan
- Longitude
- -84.24579
- Latitude
- 43.62226
