Four-Unit Storefront
For Sale
$479,900
N 125 N Davis Street Unit SourceFi, Vicksburg, MI 49097
Fully occupied commercial property with separate utilities, on-site parking, and room for expansion.
Property Size5,050 SF
Price / SF$95.03
Days on Market11
Property Features for N 125 N Davis Street Unit SourceFi
General Information
Standard status
Active
Size
5,050 SF
Property subtype
Industrial
Zoning
commercial corridor
Occupancy
100%
Site & Location
Road Access
Yes
Utilities to Site
Yes
Land
Land Use
commercial
Subdividable
Yes
Amenities
3
Composition
10057984568
Building Details
Year Built
2004
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices MI
(269) 720-3777
Listed By:
Ryan Rider · License #6501273398
(269) 720-3777
Source:
Xome
Added: Jul 22
Changed: Jul 31
Last Checked: Jul 31 at 9:38PM
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 Berkshire Hathaway HomeServices MI
Investment Insights
Based on property information with market context.
This 5,050-square-foot storefront property is a fully occupied four-unit commercial building constructed in 2004. One tenant has occupied the property for more than 20 years. The building is well maintained and each unit has separate utilities.
The nearly one-acre property has frontage on four roads, on-site parking, and commercial corridor zoning. The site includes room to expand the existing building or develop an additional structure, and it may be split into a separate parcel. The property is located in the Village of Vicksburg, an area identified in the source information as experiencing growth.
The nearly one-acre property has frontage on four roads, on-site parking, and commercial corridor zoning. The site includes room to expand the existing building or develop an additional structure, and it may be split into a separate parcel. The property is located in the Village of Vicksburg, an area identified in the source information as experiencing growth.
Key Highlights
- Fully occupied four‑unit commercial building
- 5,050 square feet on nearly one acre
- One tenant has occupied the property for 20+ years
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 | $60.6k | $12.00 |
| − Vacancy | −$10.8k | −$2.15 |
| EGI | $49.8k | $9.85 |
| − OpEx | −$14.9k | −$2.96 |
| NOI | $34.8k | $6.90 |
5,050 SF · lease $12.00/SF/yr · vacancy 17.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$497.5K
$435.3K – $580.5K
NOI $34,827 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.32M
$1.16M – $1.54M
NOI $92,504 @ 7.0% cap · market cap 19.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
32k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 45%
Shops & Services 43%
Dining 11%
Family Fare
Groceries
14,417 visits/mo
0.2 miles
Dollar General
Shops & Services
7,653 visits/mo
0.2 miles
Speedway
Shops & Services
6,256 visits/mo
0.3 miles
Hungry Howie's Pizza
Dining
2,435 visits/mo
0.2 miles
SUBWAY
Dining
1,218 visits/mo
0.2 miles
Demographics for 49097, MI
11,353
Population
4,861
Households
2.3
Avg Household Size
41
Median Age
26%
College-Educated
94%
High-School Grad
70.0 sq mi
ZIP Area
162
Density / Sq Mi
$82,051
Median Household Income
$52,585
Median Earnings
$933
Median Rent
$224,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Fully occupied commercial property with separate utilities, on-site parking, and room for expansion.
Where is this storefront property located?
The property is located at N 125 N Davis Street Unit SourceFi Vicksburg, MI.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Fully occupied four‑unit commercial building; 5,050 square feet on nearly one acre; One tenant has occupied the property for 20+ years
