DeWitt Commercial Building on
For Sale
$849,900
Pending
13215 S Us Highway 27, Dewitt, MI 48820
Well-maintained 2,214 SF commercial building on 1.74 acres.
Property Size2,214 SF
Lot Size1.74 Acres
Days on Market153
Property Features for 13215 S Us Highway 27
General Information
Standard status
Pending
Size
2,214 SF
Lot size
1.74 Acres
Taxes and HOA fees
Annual Taxes
$21,536
Listing Agency:
Five Star Real Estate - Lansing
(517) 507-0068
Listed By:
Evan Wilson
(517) 881-1239
Source:
Exprealty
Added: May 11
Changed: Oct 8
Last Checked: Oct 10 at 12:01AM
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 Five Star Real Estate - Lansing
Investment Insights
Based on property information with market context.
Located at 13215 S US Highway 27 in DeWitt, this commercial property was built in 2010. The well-maintained building offers 2,214 square feet above grade on a 1.74-acre parcel. It benefits from excellent visibility along a high-traffic corridor near I-69 and Lansing. Originally constructed as a bank and currently used as an insurance agency, the property features a professional, well-designed layout suitable for office, medical, or financial users. A fully finished basement with a full bathroom provides additional functional space for offices, storage, or operations. The site offers ample parking, strong frontage, and convenient access. The property is suitable for office, retail, or banking purposes.
Key Highlights
- Prime commercial location with excellent visibility on a high‑traffic corridor near I‑69 and Lansing.
- Well‑maintained 2,214 SF building built in 2010, suitable for office, medical, or financial use.
- 1.74‑acre parcel with ample parking and strong frontage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,721
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,420
$494.4K
Cap Rate 7%
$353,157
$353.2K
Cap Rate 9%
$274,678
$274.7K
Market Conditions
NOI Build-Up for 2,214 SF
Gross rent
$43.8K $19.80/SF
− Vacancy
−$8.5K −$3.85/SF
EGI
$35.3K $15.95/SF
− OpEx
−$10.6K −$4.79/SF
NOI
$24.7K $11.17/SF
Area
Clinton County, MI
Vacancy
19.44%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,420
Cap Rate 7%
$353,157
Cap Rate 9%
$274,678
Alternative Uses
Best Use
Retail
$353.2K
$309.0K – $412.0K
NOI $24,721 @ 7.0% cap · market cap 2.91%
Second Best
Specialty Retail
$348.2K
$304.7K – $406.3K
NOI $24,375 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$450.6K
$394.3K – $525.8K
NOI $31,545 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Explore this area
Business Placement
Demographics for 48820, MI
17,944
Population
7,002
Households
2.6
Avg Household Size
41
Median Age
45%
College-Educated
97%
High-School Grad
65.8 sq mi
ZIP Area
273
Density / Sq Mi
$106,651
Median Household Income
$60,611
Median Earnings
$1,098
Median Rent
$318,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained 2,214 SF commercial building on 1.74 acres.
Where is this office building located?
The property is located at 13215 S Us Highway 27 Dewitt, MI.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Prime commercial location with excellent visibility on a high‑traffic corridor near I‑69 and Lansing.; Well‑maintained 2,214 SF building built in 2010, suitable for office, medical, or financial use.; 1.74‑acre parcel with ample parking and strong frontage.
