Two-Story Downtown Office
For Sale
Contact for pricing
Pending
127 W Chicago Rd, Sturgis, MI 49091
Well-maintained office property with private offices, conference space, and free public parking behind the building.
Property Size3,740 SF
Days on Market223
Property Features for 127 W Chicago Rd
General Information
Standard status
Pending
Size
3,740 SF
Property subtype
Office
Zoning
B-C
Lease Type
Modified Gross
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Stories
2
Building Size
3,740 SF
Construction
brick
Listing Agency:
Callander Commercial
Listed By:
Thomas Keyte
(269) 360-7616
Source:
Carwm.resimplifi
Added: Mar 7
Changed: Oct 1
Last Checked: Oct 16 at 5:57AM
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 Callander Commercial
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Investment Insights
Based on property information with market context.
This 3,740-square-foot, two-story office building provides a practical professional layout in a solid brick structure. The interior includes more than 13 private offices, two executive offices, a large conference room, reception area, waiting room, and breakroom. Tall ceilings and large windows add to the workspace environment, while B-C zoning supports its commercial office classification.
The property is positioned along the US-12 corridor in downtown Sturgis, with convenient access and visibility from the corridor. Free public parking is located directly behind the building, adding functional parking access for occupants and visitors.
The property is positioned along the US-12 corridor in downtown Sturgis, with convenient access and visibility from the corridor. Free public parking is located directly behind the building, adding functional parking access for occupants and visitors.
Key Highlights
- 3,740 SF two‑story office building
- More than 13 private offices, including two executive offices
- Large conference room, reception area, waiting room, and breakroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,201
Suggested Prices Based on Cap Rates
Cap Rate 5%
$824,020
$824.0K
Cap Rate 7%
$588,586
$588.6K
Cap Rate 9%
$457,789
$457.8K
Market Conditions
NOI Build-Up for 3,740 SF
Gross rent
$63.7K $17.04/SF
− Vacancy
−$8.8K −$2.35/SF
EGI
$54.9K $14.69/SF
− OpEx
−$13.7K −$3.67/SF
NOI
$41.2K $11.02/SF
Area
St. Joseph County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$824,020
Cap Rate 7%
$588,586
Cap Rate 9%
$457,789
Alternative Uses
Best Use
Office B
$588.6K
$515.0K – $686.7K
NOI $41,201 @ 7.0% cap · market cap 275,591.97%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$46.60M
$40.78M – $54.37M
NOI $3,262,098 @ 7.0% cap · market cap 21,820,053.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Explore this area
Business Placement
Demographics for 49091, MI
19,901
Population
8,732
Households
2.3
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
87.3 sq mi
ZIP Area
228
Density / Sq Mi
$65,000
Median Household Income
$39,399
Median Earnings
$817
Median Rent
$173,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office property with private offices, conference space, and free public parking behind the building.
Where is this office building located?
The property is located at 127 W Chicago Rd Sturgis, MI.
What are key features of this property?
This property features: 3,740 SF two‑story office building; More than 13 private offices, including two executive offices; Large conference room, reception area, waiting room, and breakroom
