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Downtown Office Building with Parking

4534 Dowling Street Montague, MI 49437

4534 Dowling Street, Montague, MI, 49437
$425,000
For Sale
Claim this Listing
$425,000

COMMERCIAL - Montague, MI

Property Size3,344 SF
Lot Size0.34 Acres
Price / SF$127.09
AddedNov 7, 2025
Days on Market250
Last RefreshJul 15 at 3:06 pm

Property Features for 4534 Dowling Street

General Information

Property type
Commercial Sale
Property subtype
Office
Bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Standard status
Active
APN
21-021-300-0009-00
Size
3,344 SF
Lot size
0.34 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
MONTAGUE CITY COM 46.5 FT SELY OF SE COR LOT 12 BK 8 TH N 28D 14M 06S E 18.7 FT TH S 40D E 37.94 FT ALG NLY LN BRIDG
Tax Annual Amount
9709

Utilities

Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air

Building Details

Year built
1950
Number of units
2
Building materials
Wood Siding
Roof type
Metal, Rubber

Listing agent David Ten Cate License #6502325769

Listing office Capstone Real Estate LLC PO Box 261, Grand Haven, MI

Listing date Nov 7, 2025

MLS# 25057349

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 3,344 SF office building offers a versatile mix of private offices and shared work areas, including a large open-concept workspace, conference room, and lounge/kitchenette. Interior features also include a storage area, two common-area ADA restrooms, and an additional private restroom. The building was expanded and renovated in 1978 and has undergone an extensive exterior facelift in 2020. Building systems improvements include a roof installed in 2019 and replacement of the rooftop HVAC unit in 2021. The property is currently divided into three separate suites, each with a private access/entry and separately-metered utilities.

The building is located in downtown Montague on Business-31 (Dowling Street), with visibility and easy access. It features two separate street-facing entries and is across the street from White Lake. Manpower currently occupies the northwestern 750 SF of the building, with ample parking available in both the front and rear of the 0.34-acre parcel.

For tenants or buyers, the suite configuration supports flexible occupancy options, including private access and independently metered utilities for each suite. The combination of private offices and open work areas can accommodate a range of office users, while on-site parking and ADA restroom access help support day-to-day operations.

Key Highlights

  • 3,344 SF office building on Business‑31 (Dowling Street) in downtown Montague, directly across from White Lake
  • Divided into three separate suites, each with a private access/entry and separately‑metered utilities
  • Two street‑facing entrances plus a large open‑concept workspace, conference room, and lounge/kitchenette

Local Financial Insights For Office B

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 $57.0k $17.04
− Vacancy −$7.9k −$2.35
EGI $49.1k $14.69
− OpEx −$12.3k −$3.67
NOI $36.8k $11.02
3,344 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%

Alternative Uses

Best Use
Office B
$526.3K
$460.5K – $614.0K (±1% cap)
NOI $36,839 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$31.40M
$27.48M – $36.64M (±1% cap)
NOI $2,198,253 @ 7.0% cap · market cap 517.24%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Rant Insurance Group Insurance Agency

Suggested Use

Auto Parts Store Parking Lot & Garage Plumbing Service Bakery Pharmacy Carpet & Flooring Store Catering Service Accounting Firm Building Supply Big Box & Wholesale Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office units - Renovated office building with three suites, multiple entries, and ample front and rear parking.
Where is this office units located?
The property is located at 4534 Dowling Street Montague, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 3,344 SF office building on Business‑31 (Dowling Street) in downtown Montague, directly across from White Lake; Divided into three separate suites, each with a private access/entry and separately‑metered utilities; Two street‑facing entrances plus a large open‑concept workspace, conference room, and lounge/kitchenette
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