Historic Office
For Sale
$175,000
213 E Paw Paw Street, Paw Paw, MI 49079
Commercial Sale, Paw Paw, MI
Property Size1,163 SF
Lot Size0.04 Acres
Price / SF$150.47
Days on Market295
Property Features for 213 E Paw Paw Street
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Interior features
Broadband
Elementary school district
Paw Paw
Middle school district
Paw Paw
High school district
Paw Paw
Subdivision
Greater Kalamazoo - K
Standard status
Active
APN
80-47-112-013-00
Size
1,163 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
attached in documents
Tax Annual Amount
3633
Legal Description
attached in documents
Utilities
Utilities
Cable Available
Heating system
Forced Air
Building Details
Year built
1920
Number of units
1
Listing Agency:
Golden Star Realty, Inc.
(269) 657-4830
Listed By:
Barbara R Carpenter · License #6504211556
(269) 501-1134
Added: Dec 19, 2025
Changed: Oct 8
Last Checked: Oct 10 at 5:06PM
MLS# 25062446
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 1,163-square-foot office building dates to 1920 and retains original features and materials from its early construction. The property includes two bathrooms, forced-air heating, broadband, and cable availability, supporting continued office use.
Located at 213 E Paw Paw Street in Paw Paw, Michigan, the 0.04-acre property sits across from the county courthouse and beside the county park. The building has served as law-office space for many years, giving it an established professional-use history in a civic setting.
Located at 213 E Paw Paw Street in Paw Paw, Michigan, the 0.04-acre property sits across from the county courthouse and beside the county park. The building has served as law-office space for many years, giving it an established professional-use history in a civic setting.
Key Highlights
- 1,163‑square‑foot office building constructed in 1920
- Original building features and materials remain in place
- Opposite the county courthouse and beside the county park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,920
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,400
$238.4K
Cap Rate 7%
$170,286
$170.3K
Cap Rate 9%
$132,444
$132.4K
Market Conditions
NOI Build-Up for 1,163 SF
Gross rent
$19.8K $17.04/SF
− Vacancy
−$3.9K −$3.37/SF
EGI
$15.9K $13.67/SF
− OpEx
−$4.0K −$3.42/SF
NOI
$11.9K $10.25/SF
Area
Van Buren County, MI
Vacancy
19.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,400
Cap Rate 7%
$170,286
Cap Rate 9%
$132,444
Alternative Uses
Best Use
Office B
$170.3K
$149.0K – $198.7K
NOI $11,920 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$14.38M
$12.58M – $16.78M
NOI $1,006,621 @ 7.0% cap · market cap 575.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Explore this area
Business Placement
Demographics for 49079, MI
13,766
Population
6,019
Households
2.3
Avg Household Size
42
Median Age
25%
College-Educated
93%
High-School Grad
83.4 sq mi
ZIP Area
165
Density / Sq Mi
$72,119
Median Household Income
$41,376
Median Earnings
$841
Median Rent
$214,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Established office setting with two bathrooms, forced-air heating, broadband, and cable availability.
Where is this office building located?
The property is located at 213 E Paw Paw Street Paw Paw, 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: 1,163‑square‑foot office building constructed in 1920; Original building features and materials remain in place; Opposite the county courthouse and beside the county park
