High-Visibility Retail
1225 Chicago Drive Unit SourceFi Wyoming, MI 49509
1225 Chicago Drive Unit SourceFi, Wyoming, MI, 49509
$450,000
For Sale
$450,000
Versatile commercial building with prime frontage on Chicago Drive SW and approximately 3,200 SF of usable space.
Property Size3,200 SF
Price / SF$140.63
Days on Market117
Property Features for 1225 Chicago Drive Unit SourceFi
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1925
Listing Agency
Lake Michigan Realty Mgmt
(616) 304-1699
Listed by
Javier Rodriguez
(616) 304-1699
Source
Xome
Added: Mar 25 Checked: Jul 18 at 3:33 am
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 property includes approximately 3,200 SF of usable space in a building originally built in 1925. The layout is described as flexible for customization, supporting a range of commercial uses.
The property is positioned along highly traveled Chicago Drive SW with prime frontage and strong daily traffic exposure. It is also located near major roadways, established businesses, and surrounding residential neighborhoods.
The offering is presented as suitable for retail, office, showroom, service-based business, mixed-use concepts, or investment and redevelopment use, depending on buyer plans.
The property is positioned along highly traveled Chicago Drive SW with prime frontage and strong daily traffic exposure. It is also located near major roadways, established businesses, and surrounding residential neighborhoods.
The offering is presented as suitable for retail, office, showroom, service-based business, mixed-use concepts, or investment and redevelopment use, depending on buyer plans.
Key Highlights
- Approximately 3,200 SF commercial building with versatile space for retail, office, showroom, service, or mixed‑use concepts
- Prime frontage along Chicago Drive SW with high daily traffic exposure
- Originally built in 1925, offering timeless architectural character and functional commercial layout
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 commercial building with prime frontage on Chicago Drive SW and approximately 3,200 SF of usable space.
Where is this storefront property located?
The property is located at 1225 Chicago Drive Unit SourceFi 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: Approximately 3,200 SF commercial building with versatile space for retail, office, showroom, service, or mixed‑use concepts; Prime frontage along Chicago Drive SW with high daily traffic exposure; Originally built in 1925, offering timeless architectural character and functional commercial layout
