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Spring Lake Office Building For Sale

622 E Savidge Street, Spring Lake, MI 49456

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For Sale

$695,000

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

Type:Commercial/Industrial

Property size:

4,200 SF

Lot size:

0.59 Acres

Price / SF:

$165/SF

HighLights

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).
Ample on‑site parking and great curb appeal.
Flexible zoning permits retail, restaurant, and office uses.
Strong neighboring tenants, including Ace Hardware and Little Caesars.

We can help!

Listing Contact

David Ten Cate

For Sale

$695,000

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

Type:Commercial/Industrial

Property size:

4,200 SF

Lot size:

0.59 Acres

Price / SF:

$165/SF

Added:: Jan 15, 2025
Days on Market:: 513
Last Refresh:: May 20 at 12:42 am

Property Features for 622 E Savidge Street

General Information

Standard status: Active
Size: 4,200 SF
Lot size: 0.59 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1997

We can help!

Listing Contact

David Ten Cate

Listing agent David Ten Cate License #6502325769

Listing office Capstone Real Estate LLC

Listing date Jan 15, 2025

Source Exitrealty

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

HighLights

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).
Ample on‑site parking and great curb appeal.
Flexible zoning permits retail, restaurant, and office uses.
Strong neighboring tenants, including Ace Hardware and Little Caesars.

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$71.6k	$17.04
− Vacancy	−$9.9k	−$2.35
EGI	$61.7k	$14.69
− OpEx	−$15.4k	−$3.67
NOI	$46.3k	$11.02

4,200 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%

Alternative Uses

Best Use

Office B

$661.0K

$578.4K – $771.2K (±1% cap)

NOI $46,269 @ 7.0% cap · market cap 6.66%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$52.23M

$45.70M – $60.93M (±1% cap)

NOI $3,655,970 @ 7.0% cap · market cap 526.04%

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

Property Profile 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

Location Insight

Map
Local Demand

City: Spring Lake
County: Ottawa
State: Michigan
Longitude: -86.1843
Latitude: 43.0762

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For sale
Office buildings
MI
Spring Lake
49456
622 E Savidge Street

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 Street 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).