Downtown Cedar Springs Mixed-Use
For Sale
$199,000
21 E Maple Street NE, Cedar Springs, MI 49319
COMMERCIAL - Cedar Springs, MI
Property Size1,332 SF
Lot Size0.03 Acres
Price / SF$149.40
Days on Market93
Property Features for 21 E Maple Street NE
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
B2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Elementary school district
Cedar Springs
Middle school district
Cedar Springs
High school district
Cedar Springs
Directions
131 to Cedar Springs Exit. East to Main St. North to Maple St. East to Blue and Red Building on north side of the street.
Standard status
Active
APN
41-03-30-304-005
Size
1,332 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PART OF LOT 7 COM 87 FT E OF S W COR LOT 8 TH E 25 FT TH N 51FT TH W 25 FT TH S TO BEG BLK13 * VILLAGE OF CEDAR SPRING
Tax Annual Amount
2500
Legal Description
PART OF LOT 7 COM 87 FT E OF S W COR LOT 8 TH E 25 FT TH N 51FT TH W 25 FT TH S TO BEG BLK13 * VILLAGE OF CEDAR SPRING
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Wall Unit(s)
Building Details
Year built
1950
Number of units
1
Building materials
Block, Vinyl Siding, Wood Siding
Roof type
Composition, Metal
Listing Agency:
Eggerding Inc., Arthur K.
(616) 453-7655
Listed By:
Brynadette Powell · License #6501358745
(616) 835-2624
Added: Apr 30
Changed: May 13
Last Checked: Jul 31 at 9:06AM
MLS# 26019041
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.
This mixed-use property in downtown Cedar Springs presents an investment opportunity. The building features one 1-bedroom city-certified apartment located upstairs, which is currently vacant. Additionally, there are two commercial spaces, both of which are leased with 3-year terms. The property has undergone several updates, including a new metal roof installed in 2020, new siding in 2019, and a new air conditioner in 2017. A tankless water heater was installed in 2018, and the electrical system in the rear commercial space was updated in 2007. The building is equipped with three zoned heating and cooling areas. Situated within walking distance of the White Pine Trail, library, restaurants, and downtown event venues, including the Red Flannel Festival, the location offers access to local amenities. The property is also near an amphitheater. The building currently has one gas service, one furnace, and one air conditioner. The lot size is 0.03 acres. The property size is 1332 square feet. There is no designated parking. This property is located in Kent County, Cedar Springs, MI.
Key Highlights
- Mixed‑use investment property in the heart of downtown Cedar Springs.
- Two leased commercial spaces provide immediate income with 3‑year terms.
- Recent updates include a new metal roof (2020) and new siding (2019).
Financial Insights For Mixed Use
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 | $28.5k | $21.36 |
| − Vacancy | −$3.9k | −$2.95 |
| EGI | $24.5k | $18.41 |
| − OpEx | −$9.2k | −$6.90 |
| NOI | $15.3k | $11.51 |
1,332 SF · lease $21.36/SF/yr · vacancy 13.80% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$219.0K
$191.6K – $255.5K
NOI $15,328 @ 7.0% cap · market cap 7.70%
Second Best
Retail
$197.5K
$172.8K – $230.5K
NOI $13,827 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$238.2K
$208.5K – $278.0K
NOI $16,677 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 96%
Dining 3%
Beauty & Spa 2%
Wesco
Shops & Services
17,165 visits/mo
0.2 miles
Dollar General
Shops & Services
7,909 visits/mo
0.2 miles
Chase Bank
Shops & Services
3,922 visits/mo
0.2 miles
Vanderhyde Brothers Ford, Inc
Shops & Services
1,820 visits/mo
0.3 miles
Hungry Howie's Pizza
Dining
864 visits/mo
0.4 miles
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
Properties on Market for Mixed-use properties in Kent County
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-unit building in downtown Cedar Springs with commercial and residential spaces.
Where is this mixed-use property located?
The property is located at 21 E Maple Street NE Cedar Springs, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Mixed‑use investment property in the heart of downtown Cedar Springs.; Two leased commercial spaces provide immediate income with 3‑year terms.; Recent updates include a new metal roof (2020) and new siding (2019).
