Fulton Street Commercial Real
For Sale
$975,000
11608 Fulton St E, Lowell, MI 49331
Commercial property on Fulton Street with redevelopment potential.
Property Size7,966 SF
Lot Size1.00 Acre
Price / SF$122.40
Days on Market912
Property Features for 11608 Fulton St E
General Information
Standard status
Active
Size
7,966 SF
Lot size
1.00 Acre
Property subtype
Retail
Zoning
C
Amenities
Power
Water
Sewer
Natural Gas
Vacant
Building Details
Year Built
1984
Listing Agency:
Signature Associates
Listed By:
Joe Rizqallah
(616) 235-6007
Source:
Carwm.resimplifi
Added: Apr 8, 2024
Changed: Sep 29
Last Checked: Oct 5 at 3:15PM
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 Signature Associates
Investment Insights
Based on property information with market context.
This commercial real estate property offers over 7,900 square feet of space situated on over an acre of land. Zoned for commercial use, the property is suitable for a variety of purposes, including gas stations, restaurants, redevelopment projects, retail businesses, and office or medical facilities. The property is located along busy Fulton Street and is a free-standing building.
Key Highlights
- Over 7,900 SF of Real Estate
- Over an Acre of Land
- Free‑Standing Building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,601
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,772,020
$1.8M
Cap Rate 7%
$1,265,729
$1.3M
Cap Rate 9%
$984,456
$984.5K
Market Conditions
NOI Build-Up for 7,966 SF
Gross rent
$123.3K $15.48/SF
− Vacancy
−$5.2K −$0.65/SF
EGI
$118.1K $14.83/SF
− OpEx
−$29.5K −$3.71/SF
NOI
$88.6K $11.12/SF
Area
Kent County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,772,020
Cap Rate 7%
$1,265,729
Cap Rate 9%
$984,456
Alternative Uses
Best Use
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,601 @ 7.0% cap · market cap 9.09%
Second Best
Retail
$1.18M
$1.03M – $1.38M
NOI $82,694 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,734 @ 7.0% cap · market cap 10.23%
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
145
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49331, MI
18,023
Population
7,208
Households
2.5
Avg Household Size
40
Median Age
39%
College-Educated
96%
High-School Grad
91.5 sq mi
ZIP Area
197
Density / Sq Mi
$92,443
Median Household Income
$49,286
Median Earnings
$1,109
Median Rent
$293,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office space - Commercial property on Fulton Street with redevelopment potential.
Where is this office space located?
The property is located at 11608 Fulton St E Lowell, MI.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Over 7,900 SF of Real Estate; Over an Acre of Land; Free‑Standing Building
