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Mixed-Use Property with Income Potential

13434 M 40 Gobles, MI 49055

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Versatile property featuring salon, apartment, and pole barn.

Type:Retail, Office
Property size:
1,630 SF
Price / SF:
$149/SF
Added:
May 21, 2026
Days on Market:
54
Last Refresh:
May 27 at 8:20 am

Property Features for 13434 M 40

General Information

Standard status
Active
Size
1,630 SF
Property subtype
Retail, Office

Building Details

Year Built
1975

Listing office Berkshire Hathaway HomeServices Michigan Real Estate Portage

Listing date May 21, 2026

Source Crexi

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 Michigan Real Estate Portage


Investment Insights

Based on property information with market context.

This mixed-use property presents an opportunity for investment or owner-occupancy, offering multiple income streams and flexible usage possibilities. The well-maintained building includes a fully operational 5-chair salon, a one-bedroom apartment, and a pole barn. The pole barn features bay doors, dedicated office space, and storage or workshop area. Currently, two salon chairs are leased on a week-to-week basis at $120 per week per chair. The apartment is rented month-to-month at $740 per month, with an estimated market rent potential of $850 to $900 per month. The pole barn is presently vacant but has historically generated up to $900 per month in rental income. The pole barn is equipped with its own well and septic system, along with a full bathroom, heat, and central air, making it suitable for various commercial or light industrial uses. The salon space offers flexibility for conversion into professional office space, another small business venture, or a second residential unit, subject to local approvals. The property's size is 1630 square feet. The seller is open to negotiating the sale of the salon items. This property offers versatility and opportunity for investors seeking income potential or entrepreneurs looking for a live-work setup.

Key Highlights

  • Multiple income streams from salon chair rentals, apartment rental, and potential pole barn rental.
  • Versatile pole barn with bay doors, office space, bathroom, heat, A/C, and separate well/septic, suitable for commercial/industrial use.
  • Fully operational 5‑chair salon, providing immediate income potential.

Local 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 $25.2k $15.48
− Vacancy −$1.1k −$0.65
EGI $24.2k $14.83
− OpEx −$7.3k −$4.45
NOI $16.9k $10.38
1,630 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%

Alternative Uses

Best Use
Retail
$241.7K
$211.5K – $282.0K (±1% cap)
NOI $16,921 @ 7.0% cap · market cap 6.96%
Second Best
Office B
$238.7K
$208.8K – $278.5K (±1% cap)
NOI $16,707 @ 7.0% cap · market cap 6.88%
Theoretical Best
Multifamily LT 5
$20.15M
$17.64M – $23.51M (±1% cap)
NOI $1,410,827 @ 7.0% cap · market cap 580.59%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Real Estate Agency Pharmacy Grocery & Convenience Store Storage Facility Big Box & Wholesale Store Garden Center Building Supply Carpet & Flooring Store Nail Salon Spa & Massage Center

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

FAQs

What type of property is this?
Mixed-use property - Versatile property featuring salon, apartment, and pole barn.
Where is this mixed-use property located?
The property is located at 13434 M 40 Gobles, MI.
What is the asking price?
The asking price for this property is $243,000.
What are key features of this property?
This property features: Multiple income streams from salon chair rentals, apartment rental, and potential pole barn rental.; Versatile pole barn with bay doors, office space, bathroom, heat, A/C, and separate well/septic, suitable for commercial/industrial use.; Fully operational 5‑chair salon, providing immediate income potential.
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