4534 Dowling St Montague, MI 49437
3,344 SF office building in downtown Montague.
Property Features for 4534 Dowling St
General Information
- Standard status
- Active
- Size
- 3,344 SF
- Lot size
- 0.34 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing office Capstone Real Estate LLC (616) 847-1031
Listing date Mar 10, 2026
Source Elliman
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 Capstone Real Estate LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Highly visible location on Business‑31 in downtown Montague, across from White Lake.
- 3,344 SF office building divided into three separate suites, each with private access and separately metered utilities.
- Extensive exterior facelift in 2020, roof installed in 2019, and rooftop HVAC unit replaced in 2021.
Local Financial Insights For Office B
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 | $57.0k | $17.04 |
| − Vacancy | −$7.9k | −$2.35 |
| EGI | $49.1k | $14.69 |
| − OpEx | −$12.3k | −$3.67 |
| NOI | $36.8k | $11.02 |
