Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    622 E Savidge St Spring Lake, MI 49456

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $695,000

    4,200 SF office building on highly traveled Savidge Street.

    Lot size:
    0.59 Acres

    Property Features for 622 E Savidge St

    General Information

    Standard status
    Pending
    Lot size
    0.59 Acres

    Building Details

    Year built
    1997

    We can help!

    Listing Contact
    David Ten Cate
    Source: Exitrealty

    Listing Agency: Capstone Real Estate LLC Listing Agent: David Ten Cate

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Spring Lake Office Building For Sale

    This 4,200 SF office building is situated on highly traveled Savidge Street (M-104) in Spring Lake, offering excellent visibility and accessibility. The property features curb appeal and ample on-site parking. The interior is finished and suitable for professional users, including a large lobby/reception area, 12 offices, a conference room, an open-concept collaboration area, a kitchenette, 4 restrooms, and an outdoor patio area. Recent updates include a new flat roof system installed in 2021 with a 10-year warranty, and a new rooftop HVAC unit in 2022. The site includes a large ground sign and is located near neighboring tenants such as Ace Hardware, Front Porch, Little Caesars, Butch's Beach Burritos, and the Village Baker. The applicable zoning ordinance permits retail, restaurant service, and office uses.
    Location Intelligence

    Current Use by Public Records

    Rant Insurance Group Insurance Agency The Absenger Cancer Education ... Charitable Organization Clarity Realty - Lakeshore Real Estate Agency Project 12:02 Corporate Office Renewed Hope Counseling ... Counselor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spring Lake
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.1843143
    Latitude
    43.0762467

    Nearby Similar for Sale

    • $950,000
      4,800 SF

      Renovated Mixed-Use Spring Lake Property

      Iconic, renovated mixed-use building in the Village of Spring Lake.
      116 S Jackson St, Spring Lake, MI 49456
      View Details
    • $2,249,000
      31,320 SF

      Spring Lake Manufacturing Property Available

      Manufacturing property in Spring Lake, well-equipped for various operations.
      16910 148Th Ave, Spring Lake, MI 49456
      View Details
    • New
      $449,900
      0.46 Acres

      Well-Maintained Triplex in Spring Lake

      Triplex in high-demand location with strong rental history.
      15190 Leonard Rd, Spring Lake, MI 49456
      View Details
    • New
      $95,000

      Spring Lake Marina Slip For Sale

      50' boat slip in Spring Lake with marina amenities.
      910 W Savidge St, Spring Lake, MI 49456
      View Details
    • New
      $95,000

      Spring Lake Marina Slip For Sale

      50' boat slip in Village Cove Marina, Spring Lake, MI.
      910 W Savidge St, Spring Lake, MI 49456
      View Details
    • New
      $599,000
      1.00 Acre

      Spring Lake Duplex on Acreage

      Well-maintained duplex on an acre in Spring Lake, Michigan.
      18501 148Th Ave, Spring Lake, MI 49456
      View Details
    • New
      $599,000
      1.00 Acre

      Spring Lake Duplex on Acreage

      Well-maintained duplex on an acre in a wooded setting.
      18501 148Th Ave, Spring Lake, MI 49456
      View Details
    • New
      $349,900
      Pending

      Duplex Near Spring Lake Beach

      Duplex with 2 bedrooms, full basement, and fenced backyard.
      17312 Oak St, Spring Lake, MI 49456
      View Details
    • New
      $751,200
      4.23 Acres

      Luxury Condominium New Construction Opportunity

      New construction luxury condominium with potential for customization and community amenities.
      18154 Newgate Ln, Spring Lake, MI 49456
      View Details
    • $429,900
      Pending

      Profitable Convenience Store Opportunity

      Thriving convenience store with liquor license in Spring Lake.
      17176 W Spring Lake Rd, Spring Lake, MI 49456
      View Details
    • $950,000

      Renovated Mixed-Use Spring Lake Property

      Iconic, renovated mixed-use building in the Village of Spring Lake.
      116 S Jackson St, Spring Lake, MI 49456
      View Details

    FAQs

    What type of property is this?
    Office building - 4,200 SF office building on highly traveled Savidge Street.
    Where is this office building located?
    The property is located at 622 E Savidge St Spring Lake, MI.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - High visibility location on heavily trafficked Savidge Street (M-104) in Spring Lake.; - Move-in ready, nicely finished office space with a functional layout including 12 offices, conference room, and open collaboration area.; - Recent updates include a new flat roof (2021) with a 10-year warranty and a new rooftop HVAC unit (2022).
    (616) 847-1031
    Request Owner's contact information
    622 E Savidge St Spring Lake, MI 49456
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    622 E Savidge St
    Spring Lake, MI 49456
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    622 E Savidge St Spring Lake, MI 49456
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    David Ten Cate
    Real Estate License ID: 6502325769
    (616) 847-1031 (616) 502-1155
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!