Wyoming Mixed-Use Commercial
1225 Chicago Dr SW Wyoming, MI 49509
For Sale
$460,000
Versatile 3,200 sq. ft. property in high-visibility Wyoming location.
Property Size3,200 SF
Price / SF$143.75
Days on Market97
Property Features for 1225 Chicago Dr SW
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Commercial
Building Details
Year Built
1925
Listing Agency:
Lake Michigan Realty Mgmt
(616) 559-7979
Listed By:
Javier Rodriguez
(616) 559-7979
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 28 at 12:34PM
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 Lake Michigan Realty Mgmt
Investment Insights
Based on property information with market context.
This commercial property, located in Wyoming, MI, offers approximately 3,200 sq. ft. of space suitable for retail, office, or mixed-use purposes. Constructed in 1925, the building combines classic architectural elements with functional layout potential. The property benefits from a location on a corridor with consistent traffic. It is situated near major roads, local businesses, and residential neighborhoods. The location has a walk score of 69, indicating it is somewhat walkable, and a bike score of 47, indicating it is somewhat bikeable.
Key Highlights
- High‑visibility location in Wyoming, MI with steady traffic flow.
- Approximately 3,200 sq. ft. of versatile space suitable for retail, office, or mixed‑use.
- Excellent exposure on a prominent corridor.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.4k | $21.36 |
| − Vacancy | −$9.4k | −$2.95 |
| EGI | $58.9k | $18.41 |
| − OpEx | −$22.1k | −$6.90 |
| NOI | $36.8k | $11.51 |
3,200 SF · lease $21.36/SF/yr · vacancy 13.80% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$526.1K
$460.3K – $613.8K
NOI $36,825 @ 7.0% cap · market cap 8.01%
Second Best
Retail
$474.6K
$415.2K – $553.7K
NOI $33,219 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$572.3K
$500.8K – $667.7K
NOI $40,064 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile 3,200 sq. ft. property in high-visibility Wyoming location.
Where is this mixed-use property located?
The property is located at 1225 Chicago Dr SW Wyoming, MI.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: High‑visibility location in Wyoming, MI with steady traffic flow.; Approximately 3,200 sq. ft. of versatile space suitable for retail, office, or mixed‑use.; Excellent exposure on a prominent corridor.
