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    401 Center Street unit 5-Main Level South Haven, MI 49090

    View on Map
    For Lease
    $47 SF/Yr

    COMMERCIAL - South Haven, MI

    Type:Office
    Property size:
    140 SF
    Lot size:
    8,712.00 Acres
    Added:
    Dec 31, 2025
    Days on Market:
    96
    Last Refresh:
    Apr 6 at 1:06 am

    Property Features for 401 Center Street unit 5-Main Level

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Fireplace
    1
    Standard status
    Active
    APN
    80-53-505-005-00
    Size
    140 SF
    Lot size
    8,712.00 Acres

    Taxes and HOA fees

    Tax Description
    B323 1-17 591-145,148 920-770 957-405 1648-66 * LOT 5. BLOCK 5 DYCKMAN HALE & CO ADD

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1963
    Number of units
    1

    We can help!

    Listing Contact
    Michael Dubbink
    Michael Dubbink

    Listing agent Michael Dubbink

    Listing office Jaqua REALTORS 513 Broadway Street, Portage, MI

    Listing date Dec 31, 2025

    MLS# 26000446

    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.

    Overview

    Furnished Office Space For Rent

    This furnished office space is located in a prime location near downtown South Haven, Michigan, offering high visibility and convenient parking. It presents an excellent opportunity for business professionals seeking to separate their home and work life, small business startups, or service industry workers such as attorneys or insurance agents. The available space includes a private office overlooking a wooded backyard. Common areas feature seating and a meeting room with an attached kitchenette. Additional cubicle space is available for rent at $75 per month per cubicle. The monthly rent of $550 includes utilities, 24/7 key fob entry, Comcast business high-speed internet with a dedicated IP address, parking, and access to renovated common spaces. The property is situated in South Haven, Van Buren County, Michigan, with a total size of 140 square feet and a lot size of 8712 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    South Haven
    County
    Van Buren
    State
    Michigan
    Longitude
    -86.27367
    Latitude
    42.400972

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    FAQs

    What type of property is this?
    Office units - Furnished office space near downtown South Haven with utilities included.
    Where is this office units located?
    The property is located at 401 Center Street unit 5-Main Level South Haven, MI.
    What is the lease rate?
    The lease rate is $47 SF/Yr.
    What are key features of this property?
    This property features: Furnished office space in a prime location near downtown South Haven.; Rent includes all utilities and high‑speed Comcast business internet with a dedicated IP address.; Enjoy 24/7 key fob entry for convenient access.
    (269) 767-0994
    We can help!
    Listing Contact
    Michael Dubbink
    Michael Dubbink
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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