Versatile Office Warehouse in
For Sale
$799,000
101 Innovation Parkway, Williamston, MI 48895
10,094 sq ft office warehouse with flexible space.
Property Size10,622 SF
Price / SF$75.22
Days on Market377
Property Features for 101 Innovation Parkway
General Information
Standard status
Active
Size
10,622 SF
Property subtype
Industrial
Building Details
Building Size
10,622 SF
Listing Agency:
RE/MAX
Listed By:
Matthew Wisniewski · License #6501360426
(517) 321-2800
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Oct 2
Last Checked: Oct 5 at 3:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX
Investment Insights
Based on property information with market context.
Located at 101 Innovation Parkway in Williamston, MI, this 10,094 sq ft office warehouse, constructed in 1996, presents a versatile commercial opportunity. Situated along Williamston Rd on over 1 acre, the property features flexible space divisible into three suites, each equipped with separate electric and gas service. The central warehouse section includes overhead door access for convenient loading and unloading. A previous outbuilding served as a backup data center. The property provides 42 parking spaces. Located in the City of Williamston, the property is near downtown Williamston's shopping and dining options and is a short drive from I-96, offering connectivity to Lansing and East Lansing. An additional 2.15 acres of adjacent land behind the property is available for expansion or future development.
Key Highlights
- Well‑maintained 10,094 sq ft office warehouse built in 1996 on over 1 acre of land.
- Divisible into three suites, each with separate electric and gas service, offering flexible usage options.
- Convenient overhead door access in the center warehouse section for easy loading and unloading.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,051
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,461,020
$1.5M
Cap Rate 7%
$1,043,586
$1.0M
Cap Rate 9%
$811,678
$811.7K
Market Conditions
NOI Build-Up for 10,622 SF
Gross rent
$95.6K $9.00/SF
− Vacancy
−$9.7K −$0.91/SF
EGI
$85.9K $8.09/SF
− OpEx
−$12.9K −$1.21/SF
NOI
$73.1K $6.88/SF
Area
Ingham County, MI
Vacancy
10.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,461,020
Cap Rate 7%
$1,043,586
Cap Rate 9%
$811,678
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,594 @ 7.0% cap · market cap 11.21%
Second Best
Warehouse
$1.04M
$913.1K – $1.22M
NOI $73,051 @ 7.0% cap · market cap 9.14%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,459 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48895, MI
11,472
Population
5,019
Households
2.3
Avg Household Size
43
Median Age
50%
College-Educated
97%
High-School Grad
82.9 sq mi
ZIP Area
138
Density / Sq Mi
$100,565
Median Household Income
$57,330
Median Earnings
$1,005
Median Rent
$272,500
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?
Flex space - 10,094 sq ft office warehouse with flexible space.
Where is this flex space located?
The property is located at 101 Innovation Parkway Williamston, MI.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Well‑maintained 10,094 sq ft office warehouse built in 1996 on over 1 acre of land.; Divisible into three suites, each with separate electric and gas service, offering flexible usage options.; Convenient overhead door access in the center warehouse section for easy loading and unloading.
