Mixed-Use Property with Office
For Sale
$350,000
4426 E Berry Road, Pleasant Lake, MI 49272
Commercial Sale, Pleasant Lake, MI
Property Size3,861 SF
Lot Size1.84 Acres
Price / SF$90.65
Days on Market319
Property Features for 4426 E Berry Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
201-Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Interior features
Broadband
Elementary school district
Northwest
Middle school district
Northwest
High school district
Northwest
Directions
West from Meridian Rd.
Subdivision
Jackson County - JX
Standard status
Active
APN
000-04-18-476-002-02
Size
3,861 SF
Lot size
1.84 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BEG AT SE COR OF SEC 18 TH W ALG S SEC LN 627.5 FT TH N 0 degrees 30'50''W 33 FT TO THE POB TH CONT N 0 degrees 30'50''W 240.73 FT TH
Tax Annual Amount
6665
Legal Description
BEG AT SE COR OF SEC 18 TH W ALG S SEC LN 627.5 FT TH N 0 degrees 30'50''W 33 FT TO THE POB TH CONT N 0 degrees 30'50''W 240.73 FT TH
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Year built
1991
Floors in Building
1
Number of units
3
Building materials
Stucco, Vinyl Siding
Roof type
Composition
Listing Agency:
Coldwell Banker Beiswanger Realty Group
(517) 435-1500
Listed By:
Todd Rowe · License #6506049495
(517) 795-9226
Added: Nov 3, 2025
Changed: Sep 16
Last Checked: Sep 18 at 2:06AM
MLS# 25056568
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 3,861-square-foot mixed-use property combines professional, personal-service, and residential components on 1.84 acres. The office portion includes five private offices, a meeting area, a reception station, and a breakroom. A salon area provides two workstations, while a rented one-bedroom, one-bathroom apartment adds a residential component.
Located at 4426 E Berry Road in Pleasant Lake, Michigan, the property is served by well water and a septic tank, with cable available. Building systems include forced-air heating and central air conditioning. The 1991 construction features stucco and vinyl siding beneath a composition roof.
Located at 4426 E Berry Road in Pleasant Lake, Michigan, the property is served by well water and a septic tank, with cable available. Building systems include forced-air heating and central air conditioning. The 1991 construction features stucco and vinyl siding beneath a composition roof.
Key Highlights
- 3,861‑square‑foot mixed‑use property on 1.84 acres
- Five private offices with a meeting area, reception station, and breakroom
- Salon area with 2 workstations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,998
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$639,960
$640.0K
Cap Rate 7%
$457,114
$457.1K
Cap Rate 9%
$355,533
$355.5K
Market Conditions
NOI Build-Up for 3,861 SF
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.
Gross rent
$60.2K $15.60/SF
− Vacancy
−$9.0K −$2.34/SF
EGI
$51.2K $13.26/SF
− OpEx
−$19.2K −$4.97/SF
NOI
$32.0K $8.29/SF
Area
Jackson County, MI
Vacancy
15.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$639,960
Cap Rate 7%
$457,114
Cap Rate 9%
$355,533
Alternative Uses
Best Use
Office B
$462.3K
$404.5K – $539.3K
NOI $32,358 @ 7.0% cap · market cap 9.25%
Second Best
Mixed Use
$457.1K
$400.0K – $533.3K
NOI $31,998 @ 7.0% cap · market cap 9.14%
Theoretical Best
Office A
$616.3K
$539.3K – $719.1K
NOI $43,144 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 49272, MI
2,413
Population
1,210
Households
2
Avg Household Size
47
Median Age
28%
College-Educated
95%
High-School Grad
11.1 sq mi
ZIP Area
217
Density / Sq Mi
$90,156
Median Household Income
$49,167
Median Earnings
$196,700
Median Home Value
Check the figures for this property
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?
Mixed-use property - Office, salon, and residential components are arranged within a single mixed-use property.
Where is this mixed-use property located?
The property is located at 4426 E Berry Road Pleasant Lake, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 3,861‑square‑foot mixed‑use property on 1.84 acres; Five private offices with a meeting area, reception station, and breakroom; Salon area with 2 workstations
