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Flex Space with Pole Buildings
For Sale
$250,000

312 E Sherwood Street, Decatur, MI 49045

Commercial Sale, Decatur, MI

Property Size15,286 SF
Lot Size1.23 Acres
Price / SF$16.35
Days on Market268

Property Features for 312 E Sherwood Street

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1
Parking 10
Interior features Broadband
Elementary school district Decatur
Middle school district Decatur
High school district Decatur
Directions From I 94 take Exit 56 South approx. 6 miles. Left on Seneca then Right on Sherwood
Subdivision Greater Kalamazoo - K
Standard status Active
APN 80-43-040-581-00
Size 15,286 SF
Lot size 1.23 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 953 20-4-14 682-412 1020-408 1485-261 * LOTS 3 & 4. ALSO E 44 FT OF LOT 5. BLOCK V ORIGINAL PLAT OF DECATUR
Tax Annual Amount 10199
Legal Description 953 20-4-14 682-412 1020-408 1485-261 * LOTS 3 & 4. ALSO E 44 FT OF LOT 5. BLOCK V ORIGINAL PLAT OF DECATUR

Utilities

Utilities Cable Available
Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1900
Number of units 1
Building materials Block, Metal Siding
Roof type Metal
Listing Agency: RE/MAX Advantage · RE/MAX International
Listed By: David Cerven · License #6501269134
Added: Jan 1 Changed: Sep 3 Last Checked: Sep 26 at 1:06AM
MLS# 26000099

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 flex property includes a 15,286-square-foot commercial building with a 60-by-92-foot finished section, three office spaces, a former kitchen area, and a bathroom. Construction includes block and metal siding, with a metal roof, central air, forced-air heat, and broadband access. The property also has an attached pole building, outdoor storage areas, and a separate 80-by-40-foot pole building with 13-foot ceilings.

Located at 312 E Sherwood Street in Decatur, Michigan, the property was built in 1900 and previously operated as the Decatur True Value Hardware & Lumber Company. Its combination of finished interior areas, accessory buildings, and outdoor storage supports a range of commercial configurations.

Key Highlights

  • 15,286‑square‑foot commercial property at 312 E Sherwood Street, Decatur, MI 49045
  • Finished 60' x 92' building with 3 office spaces and a bathroom
  • Separate 80' by 40' pole building with 13' ceilings

Property Analytics

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Current Use

Decatur Lumber Building Supply Decatur lumber co Building Supply Decatur lumber co,Truevalue,STIHL Building Supply

Suggested Use

Top Pick Real Estate Agency Restaurant Auto Parts Store HVAC Service Dental Office Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13 ft
Clear height

Location Intelligence

Trade Area within ½ mile

155
Businesses Nearby
Balanced
Demand for This Use

Demographics for 49045, MI

5,256
Population
2,855
Households
1.8
Avg Household Size
44
Median Age
14%
College-Educated
87%
High-School Grad
86.4 sq mi
ZIP Area
61
Density / Sq Mi
$58,328
Median Household Income
$38,182
Median Earnings
$824
Median Rent
$170,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Block-and-metal-sided commercial property with office areas, storage buildings, central air, and forced-air heat.
Where is this flex space located?
The property is located at 312 E Sherwood Street Decatur, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 15,286‑square‑foot commercial property at 312 E Sherwood Street, Decatur, MI 49045; Finished 60' x 92' building with 3 office spaces and a bathroom; Separate 80' by 40' pole building with 13' ceilings
More about this property
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