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    7225 Saddlebag Lake Road Lake Odessa, MI 48849

    View on Map
    For Sale
    $160,000

    COMMERCIAL - Lake Odessa, MI

    Property size:
    900 SF
    Lot size:
    0.42 Acres
    Added:
    Dec 27, 2025
    Days on Market:
    97
    Last Refresh:
    Apr 3 at 4:06 pm

    Property Features for 7225 Saddlebag Lake Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    Under Construction
    Bathrooms
    1
    Rooms
    Bathroom 1
    Standard status
    Active
    APN
    08-15-001-476-01
    Size
    900 SF
    Lot size
    0.42 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    COM 50 FT W & 346 FT N OF SE COR SEC 1, T4N R7W TO BEG, TH W 125 FT, TH N 260 FT, TH W 25 FT, TH N 200 FT, TH E 150 FT,
    Tax Annual Amount
    2090

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Septic Tank
    Heating system
    Ductless (Heating)
    Cooling system
    Ductless
    Water source
    Well

    Building Details

    Year built
    2025
    Floors in Building
    1
    Number of units
    1
    Building materials
    Metal Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Doug F Takens

    Listing agent Doug F Takens License #6501343127

    Listing office Independence Realty (Main) 6801 Gettysburg Dr., hudsonville, MI

    Listing date Dec 27, 2025

    MLS# 26000570

    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.

    Overview

    Lake Odessa Commercial Opportunity

    This property features 0.42 acres of land with a 900-square-foot building, currently used as a gym. The building includes a bathroom and storage space, and has a new well and septic system. Situated on a busy intersection in Lake Odessa, it is located 10 minutes from the I-96 Highway. Zoned as ''General Commercial'' in Woodland Township, the property offers various potential uses, including restaurants and office buildings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Spa & Massage Center Auto Repair Shop Big Box & Wholesale Store Skin Care Clinic Hotel & Motel HVAC Service Grocery & Convenience Store Storage Facility Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Odessa
    County
    Ionia
    State
    Michigan
    Longitude
    -85.074931
    Latitude
    42.760321

    Nearby Similar for Sale

    • $300,000
      900 SF

      Lake Odessa Commercial Opportunity

      1.42 acres with 900 sqft building near I-96.
      7225 Saddlebag Lake Road, Lake Odessa, MI 48849
      View Details
    • $399,900
      3,600 SF

      Prime Location Retail Opportunity

      High-exposure retail space in Woodbury, near Lake Odessa.
      11994 W Grand Ledge Highway, Lake Odessa, MI 48849
      View Details
    • $1,265,000
      13,200 SF

      Established Retail Building in Lake Odessa

      Two-tenant retail building with long-term leases in Lake Odessa, MI.
      820 Jordan Lake Ave, Lake Odessa, MI 48849
      View Details

    FAQs

    What type of property is this?
    Storefront property - 0.42 acres with a 900 sqft building for sale.
    Where is this storefront property located?
    The property is located at 7225 Saddlebag Lake Road Lake Odessa, MI.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: 0.42 acre lot with a new 900 sqft building.; Located on a busy intersection in Lake Odessa, 10 minutes from I‑96.; Zoned ''General Commercial'' offering many uses such as restaurants and office buildings.
    (616) 262-4574
    We can help!
    Listing Contact
    Doug F Takens
    Real Estate License ID: 6501343127
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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