Corner Office
For Sale
$235,000
555 Broadway Street, South Haven, MI 49090
Commercial Sale, South Haven, MI
Property Size1,341 SF
Lot Size0.40 Acres
Price / SF$175.24
Days on Market392
Property Features for 555 Broadway Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
General Busines
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Basement
Interior features
Broadband
Elementary school district
South Haven
Middle school district
South Haven
High school district
South Haven
Directions
rom Phoenix Street, head west to Broadway, then go south three blocks to the address.
Subdivision
Southwestern Michigan - S
Standard status
Active
APN
805351400600
Size
1,341 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
B398 1-17 744-352 922-371 1270-365 1625-794/5 1631-199 *** LOT 6 BLOCK 14 DYCKMAN HALE & CO ADDITION.
Tax Annual Amount
3281
Legal Description
B398 1-17 744-352 922-371 1270-365 1625-794/5 1631-199 *** LOT 6 BLOCK 14 DYCKMAN HALE & CO ADDITION.
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1940
Floors in Building
2
Number of units
1
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Jaqua REALTORS
(269) 637-6537
Listed By:
Amy O'Sullivan · License #6506040161
(269) 214-1257
Added: Sep 10, 2025
Changed: Sep 7
Last Checked: Oct 6 at 9:06PM
MLS# 25046440
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 office building offers 1,341 square feet on a 0.4-acre corner double lot. The property includes a basement and bathroom, with central air, forced-air heating, broadband, and cable availability. Vinyl siding and a composition roof complete the building’s primary improvements, which date to 1940.
The site is positioned three blocks from downtown South Haven and Lake Michigan. Its corner setting provides room for on-site parking and potential expansion, while existing ramps support accessible entry. The offering includes two parcel numbers, providing a flexible configuration for office or other commercial uses.
The site is positioned three blocks from downtown South Haven and Lake Michigan. Its corner setting provides room for on-site parking and potential expansion, while existing ramps support accessible entry. The offering includes two parcel numbers, providing a flexible configuration for office or other commercial uses.
Key Highlights
- 1,341‑square‑foot office building on a 0.4‑acre corner double lot
- Three blocks from downtown South Haven and Lake Michigan
- Central air and forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,745
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,900
$274.9K
Cap Rate 7%
$196,357
$196.4K
Cap Rate 9%
$152,722
$152.7K
Market Conditions
NOI Build-Up for 1,341 SF
Gross rent
$22.9K $17.04/SF
− Vacancy
−$4.5K −$3.37/SF
EGI
$18.3K $13.67/SF
− OpEx
−$4.6K −$3.42/SF
NOI
$13.7K $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 Rate 5%
$274,900
Cap Rate 7%
$196,357
Cap Rate 9%
$152,722
Alternative Uses
Best Use
Office B
$196.4K
$171.8K – $229.1K
NOI $13,745 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$16.58M
$14.51M – $19.34M
NOI $1,160,687 @ 7.0% cap · market cap 493.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
Explore this area
Business Placement
Demographics for 49090, MI
13,286
Population
8,904
Households
1.5
Avg Household Size
49
Median Age
31%
College-Educated
89%
High-School Grad
78.3 sq mi
ZIP Area
170
Density / Sq Mi
$64,643
Median Household Income
$40,067
Median Earnings
$914
Median Rent
$251,500
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?
Office building - Office property with central air, broadband access, a basement, and an accessible entry ramp.
Where is this office building located?
The property is located at 555 Broadway Street South Haven, MI.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1,341‑square‑foot office building on a 0.4‑acre corner double lot; Three blocks from downtown South Haven and Lake Michigan; Central air and forced‑air heating
