Multi-Level Office and Creative
For Sale
$549,900
50744 25th Street, Mattawan, MI 49071
COMMERCIAL - Mattawan, MI
Property Size3,970 SF
Lot Size1.85 Acres
Price / SF$138.51
Days on Market90
Property Features for 50744 25th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
GC
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
20
Elementary school district
Mattawan
Middle school district
Mattawan
High school district
Mattawan
Directions
From I-94 exit 66 (Mattawan), north on Main St, west on Red Arrow, south on 25th Street
Standard status
Active
APN
800200204921
Size
3,970 SF
Lot size
1.85 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
see attached
Tax Annual Amount
8602
Legal Description
see attached
Utilities
Utilities
Phone Available
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Year built
1999
Floors in Building
2
Number of units
1
Building materials
Vinyl Siding
Listing Agency:
O'Brien Real Estate
(269) 381-6470
Listed By:
Pat O'Brien · License #6502102326
(269) 381-6470
Added: Jun 2
Changed: Aug 4
Last Checked: Aug 30 at 5:06PM
MLS# 26026435
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 commercial building offers a flexible, multi-level layout suited to a range of professional and creative concepts. The property totals 3,970 square feet, with an upper level of 2,170 square feet and a lower level of 1,800 square feet, providing two distinct areas for day-to-day operations. The zoning supports a multitude of uses, including professional or creative office, artist studio, and car sales, among other possibilities.
Located in a busy commercial area in Antwerp Township on the high-traffic Red Arrow Highway corridor, the property provides easy and convenient access to I-94. The site includes approximately 1.85 acres, and an adjoining lot at 0 25th St. is also available for $169,900.
With its split-level configuration and broad zoning, this property can work well for owners seeking space that can accommodate both client-facing work and supporting operations. It is also a practical option for buyers or operators looking for a locally visible commercial footprint where office and creative uses are permitted.
Located in a busy commercial area in Antwerp Township on the high-traffic Red Arrow Highway corridor, the property provides easy and convenient access to I-94. The site includes approximately 1.85 acres, and an adjoining lot at 0 25th St. is also available for $169,900.
With its split-level configuration and broad zoning, this property can work well for owners seeking space that can accommodate both client-facing work and supporting operations. It is also a practical option for buyers or operators looking for a locally visible commercial footprint where office and creative uses are permitted.
Key Highlights
- Over 3,300 SF commercial building with two levels: 2,170 SF upper and 1,800 SF lower.
- Built in 1999 with vinyl siding, forced‑air heating, and central air.
- Located in Mattawan Busy Commercial area on the high‑traffic Red Arrow Highway corridor with easy access to I‑94.
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
$40,691
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
7.40%
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%
$813,820
$813.8K
Cap Rate 7%
$581,300
$581.3K
Cap Rate 9%
$452,122
$452.1K
Market Conditions
NOI Build-Up for 3,970 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
$67.6K $17.04/SF
− Vacancy
−$13.4K −$3.37/SF
EGI
$54.3K $13.67/SF
− OpEx
−$13.6K −$3.42/SF
NOI
$40.7K $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 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%
$813,820
Cap Rate 7%
$581,300
Cap Rate 9%
$452,122
Alternative Uses
Best Use
Office B
$581.3K
$508.6K – $678.2K
NOI $40,691 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$49.09M
$42.95M – $57.27M
NOI $3,436,186 @ 7.0% cap · market cap 624.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
Explore this area
Business Placement
Demographics for 49071, MI
10,748
Population
4,415
Households
2.4
Avg Household Size
40
Median Age
40%
College-Educated
97%
High-School Grad
29.4 sq mi
ZIP Area
366
Density / Sq Mi
$105,779
Median Household Income
$48,494
Median Earnings
$1,161
Median Rent
$261,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Zoned for professional and creative uses with separate upper and lower level space in a high-traffic corridor.
Where is this office building located?
The property is located at 50744 25th Street Mattawan, MI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Over 3,300 SF commercial building with two levels: 2,170 SF upper and 1,800 SF lower.; Built in 1999 with vinyl siding, forced‑air heating, and central air.; Located in Mattawan Busy Commercial area on the high‑traffic Red Arrow Highway corridor with easy access to I‑94.
