Mixed-Use Building with
For Sale
$1,200,000
57810 Murray Street, Mattawan, MI 49071
Commercial Sale, Mattawan, MI
Property Size6,412 SF
Lot Size0.98 Acres
Price / SF$187.15
Days on Market22
Property Features for 57810 Murray Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 2, Bathroom 5, Bathroom 6
Elementary school
Mattawan Early Elementary School
Middle school
Mattawan Middle School
High school
Mattawan High School
Elementary school district
Mattawan
Middle school district
Mattawan
High school district
Mattawan
Directions
From I-94, take Exit 66 and travel south on Main Street toward downtown Mattawan. Turn right onto Front Street. The property is on the left at the corner of Front and Murray Streets.
Standard status
Active
APN
80-46-700-153-000
Size
6,412 SF
Lot size
0.98 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Under "Documents"
Tax Annual Amount
4494
Legal Description
Under "Documents"
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1995
Floors in Building
2
Number of units
6
Building materials
Wood Siding
Roof type
Metal
Listing Agency:
Berkshire Hathaway HomeServices MI
(269) 344-8599
Listed By:
Brian D Lewis · License #6591441776
(269) 488-5293
Added: Sep 15
Changed: Oct 2
Last Checked: Oct 6 at 3:06AM
MLS# 26049013
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 6,412-square-foot mixed-use building in Mattawan includes three one-bedroom apartments, two retail storefronts, and additional commercial, warehouse, and manufacturing areas. The property contains six restrooms and a 14-foot overhead door, supporting a range of residential and commercial configurations. Recent electrical work was completed throughout the units in 2021.
The property sits at Murray and Front Streets near Village Park, with on-site parking, street parking, and a municipal parking lot nearby. Public water and sewer, natural gas forced-air heat, central air, and a metal roof are also in place. Built in 1995 on 0.98 acres, the building is subject to tenant rights and buyer verification of configuration, tenancy, zoning, permitted uses, and related property information.
The property sits at Murray and Front Streets near Village Park, with on-site parking, street parking, and a municipal parking lot nearby. Public water and sewer, natural gas forced-air heat, central air, and a metal roof are also in place. Built in 1995 on 0.98 acres, the building is subject to tenant rights and buyer verification of configuration, tenancy, zoning, permitted uses, and related property information.
Key Highlights
- 6,412‑square‑foot mixed‑use building on 0.98 acres
- Three one‑bedroom apartments and two retail storefronts
- Additional commercial, warehouse, and manufacturing space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,562
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,331,240
$1.3M
Cap Rate 7%
$950,886
$950.9K
Cap Rate 9%
$739,578
$739.6K
Market Conditions
NOI Build-Up for 6,412 SF
Gross rent
$99.3K $15.48/SF
− Vacancy
−$4.2K −$0.65/SF
EGI
$95.1K $14.83/SF
− OpEx
−$28.5K −$4.45/SF
NOI
$66.6K $10.38/SF
Area
Van Buren County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,331,240
Cap Rate 7%
$950,886
Cap Rate 9%
$739,578
Alternative Uses
Best Use
Apartment 5plus
$70.58M
$61.76M – $82.34M
NOI $4,940,533 @ 7.0% cap · market cap 411.71%
Second Best
Retail
$950.9K
$832.0K – $1.11M
NOI $66,562 @ 7.0% cap · market cap 5.55%
Theoretical Best
Multifamily LT 5
$79.28M
$69.37M – $92.50M
NOI $5,549,830 @ 7.0% cap · market cap 462.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
166
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mattawan property combines residential units, retail storefronts, and adaptable commercial space with on-site parking.
Where is this mixed-use property located?
The property is located at 57810 Murray Street Mattawan, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6,412‑square‑foot mixed‑use building on 0.98 acres; Three one‑bedroom apartments and two retail storefronts; Additional commercial, warehouse, and manufacturing space
