High-Visibility Retail Showroom
1225 Chicago Drive SW Wyoming, MI 49509
1225 Chicago Drive SW, Wyoming, MI, 49509
$450,000
For Sale
$450,000
Versatile 3,200 SF building built in 1925 with prime frontage along Chicago Drive SW and strong daily traffic exposure.
Property Size3,200 SF
Price / SF$140.63
Days on Market117
Property Features for 1225 Chicago Drive 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
Phgrealty
Added: Mar 27 Updated: Jul 21 at 6:22AM Checked: Jul 21 at 6:22AM
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 high-visibility commercial building offers approximately 3,200 SF of usable space designed for flexible retail, office, showroom, service-based business, or other commercial concepts. Originally built in 1925, the property includes timeless architectural character while remaining adaptable for customization and future growth.
The building is positioned along Chicago Drive SW with prime frontage and high daily traffic exposure, placing it within Wyoming’s active commercial corridor near established businesses and surrounding residential neighborhoods.
For buyers looking to own a storefront-style asset with visibility and adaptability, this property provides a straightforward foundation for an owner-user or redevelopment plan, subject to applicable approvals.
The building is positioned along Chicago Drive SW with prime frontage and high daily traffic exposure, placing it within Wyoming’s active commercial corridor near established businesses and surrounding residential neighborhoods.
For buyers looking to own a storefront-style asset with visibility and adaptability, this property provides a straightforward foundation for an owner-user or redevelopment plan, subject to applicable approvals.
Key Highlights
- Versatile commercial building with approximately 3,200 SF usable space
- Built in 1925
- Prime frontage along Chicago Drive SW
Local Financial Insights For Retail
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 | $49.5k | $15.48 |
| − Vacancy | −$2.1k | −$0.65 |
| EGI | $47.5k | $14.83 |
| − OpEx | −$14.2k | −$4.45 |
| NOI | $33.2k | $10.38 |
3,200 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$474.6K
$415.2K – $553.7K
NOI $33,219 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$572.3K
$500.8K – $667.7K
NOI $40,064 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Versatile 3,200 SF building built in 1925 with prime frontage along Chicago Drive SW and strong daily traffic exposure.
Where is this storefront property located?
The property is located at 1225 Chicago Drive SW Wyoming, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Versatile commercial building with approximately 3,200 SF usable space; Built in 1925; Prime frontage along Chicago Drive SW
