High-Visibility Office Space on
For Sale
$194,900
2963 W Dickman Rd, Springfield, MI 49037
Commercial property on Dickman Road, suitable for various businesses.
Property Size1,000 SF
Lot Size0.42 Acres
Price / SF$194.90
Days on Market135
Property Features for 2963 W Dickman Rd
General Information
Standard status
Active
Size
1,000 SF
Lot size
0.42 Acres
Property subtype
Commercial
Building Details
Year Built
1930
Listing Agency:
E B Realty LLC
(269) 420-6868
Listed By:
Eric Blair · License #6502431108
(269) 420-6868
Source:
Elliman
Added: Mar 24
Changed: Jul 6
Last Checked: Aug 5 at 8:02AM
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 E B Realty LLC
Investment Insights
Based on property information with market context.
This commercial property is located on Dickman Road, near the Helmer Road intersection, and features frontage on three streets. The office building offers over 1,000 square feet of space and includes a full basement suitable for additional storage or workspace. The property also includes a shared restroom. A new roof is planned for September 2025. Previously used as a chiropractic office, the space is suitable for a variety of professional or service-based businesses. The property benefits from high traffic counts on Dickman Road, providing excellent exposure, and offers on-site parking for customers and staff.
Key Highlights
- High‑visibility location on Dickman Road with frontage on three streets.
- Option to purchase or lease.
- High traffic counts for excellent exposure.
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 | $17.0k | $17.04 |
| − Vacancy | −$2.4k | −$2.35 |
| EGI | $14.7k | $14.69 |
| − OpEx | −$3.7k | −$3.67 |
| NOI | $11.0k | $11.02 |
1,000 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$11.86M
$10.38M – $13.84M
NOI $830,365 @ 7.0% cap · market cap 426.05%
Second Best
Office B
$157.4K
$137.7K – $183.6K
NOI $11,016 @ 7.0% cap · market cap 5.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Explore this area
Business Placement
Demographics for 49037, MI
21,427
Population
9,971
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
88%
High-School Grad
19.3 sq mi
ZIP Area
1,110
Density / Sq Mi
$42,598
Median Household Income
$32,024
Median Earnings
$843
Median Rent
$90,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercial property on Dickman Road, suitable for various businesses.
Where is this office units located?
The property is located at 2963 W Dickman Rd Springfield, MI.
What is the asking price?
The asking price for this property is $194,900.
What are key features of this property?
This property features: High‑visibility location on Dickman Road with frontage on three streets.; Option to purchase or lease.; High traffic counts for excellent exposure.
