New
For Sale
$229,900
10549 Northland Drive NE, Rockford, MI 49341
Commercial Sale, Rockford, MI
Property Size1,037 SF
Lot Size2.50 Acres
Price / SF$221.70
Days on Market3
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Property Features for 10549 Northland Drive NE
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Interior features
Broadband
Elementary school district
Rockford
Middle school district
Rockford
High school district
Rockford
Standard status
Active
APN
41-06-24-276-006
Size
1,037 SF
Lot size
2.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N 82.5 FT OF S 1006.5 FT OF E 1/2 NE 1/4 * SEC 24 T9N R11W 2.50 A.
Tax Annual Amount
2247
Legal Description
N 82.5 FT OF S 1006.5 FT OF E 1/2 NE 1/4 * SEC 24 T9N R11W 2.50 A.
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Forced Air
Water source
Well
Building Details
Year built
1948
Number of units
1
Building materials
Aluminum Siding
Roof type
Composition
Listing Agency:
Keller Williams GR East · Keller Williams Realty
(616) 575-1800
Listed By:
Alexis Clark · License #6501460691
(616) 523-5995
Added: Oct 13
Last Checked: Oct 15 at 2:06PM
MLS# 26054535
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,821
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,420
$196.4K
Cap Rate 7%
$140,300
$140.3K
Cap Rate 9%
$109,122
$109.1K
Market Conditions
NOI Build-Up for 1,037 SF
Gross rent
$18.9K $18.24/SF
− Vacancy
−$1.1K −$1.02/SF
EGI
$17.9K $17.22/SF
− OpEx
−$8.0K −$7.75/SF
NOI
$9.8K $9.47/SF
Area
Kent County, MI
Vacancy
5.60%
Lease Rate
$18.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,420
Cap Rate 7%
$140,300
Cap Rate 9%
$109,122
Alternative Uses
Best Use
Apartment 5plus
$140.3K
$122.8K – $163.7K
NOI $9,821 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$185.5K
$162.3K – $216.4K
NOI $12,983 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
Explore this area
Business Placement
Demographics for 49341, MI
38,250
Population
15,070
Households
2.5
Avg Household Size
39
Median Age
49%
College-Educated
97%
High-School Grad
84.5 sq mi
ZIP Area
453
Density / Sq Mi
$112,932
Median Household Income
$57,775
Median Earnings
$1,251
Median Rent
$347,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
Where is this commercial land located?
The property is located at 10549 Northland Drive NE Rockford, MI.
What is the asking price?
The asking price for this property is $229,900.
