Flex Space with Warehouse
14599 Cleveland Street, Spring Lake, MI 49456
For Sale
$715,000
Commercial Sale, Spring Lake, MI
Property Size15,698 SF
Lot Size4.91 Acres
Price / SF$45.55
Days on Market92
Property Features for 14599 Cleveland Street
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Mixed-Use Components
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Buildings
Listing Agency:
Core Realty Partners LLC
(231) 375-5273
Listed By:
Bryan D Bench · License MI #6501293444
(231) 578-2508
Added: Aug 11
Changed: Oct 30
Last Checked: Nov 10 at 10:06AM
MLS# 26042010
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex property combines a former retail building with separate storage and workshop improvements. The primary building measures approximately 4,400 SF, while additional buildings provide approximately 8,000 SF and 3,300 SF. The improvements include an original train depot, wood and metal siding, composition roofing, forced-air heating, two bathrooms, and natural gas availability. The total property size is 15,698 square feet on approximately 4.91 acres.
The property fronts the M-104 corridor in Spring Lake Township, with approximately 5 acres of land and significant frontage exposure. The Spring Lake Township Master Plan indicates Neighborhood Commercial zoning along the M-104 frontage and Light Industrial zoning toward the rear. The site is positioned for a combination of customer-facing space, warehouse or storage functions, and workshop operations, subject to verification of applicable information.
The property fronts the M-104 corridor in Spring Lake Township, with approximately 5 acres of land and significant frontage exposure. The Spring Lake Township Master Plan indicates Neighborhood Commercial zoning along the M-104 frontage and Light Industrial zoning toward the rear. The site is positioned for a combination of customer-facing space, warehouse or storage functions, and workshop operations, subject to verification of applicable information.
Key Highlights
- Approximately 4.91‑acre property along the M‑104 corridor
- Approximately 4,400 SF former retail building incorporating an original train depot
- Additional approximately 8,000 SF and 3,300 SF storage/workshop buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,141
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,122,820
$1.1M
Cap Rate 7%
$802,014
$802.0K
Cap Rate 9%
$623,789
$623.8K
Market Conditions
NOI Build-Up for 15,698 SF
Gross rent
$94.2K $6.00/SF
− Vacancy
−$7.8K −$0.50/SF
EGI
$86.4K $5.50/SF
− OpEx
−$30.2K −$1.93/SF
NOI
$56.1K $3.58/SF
Area
Ottawa County, MI
Vacancy
8.30%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,122,820
Cap Rate 7%
$802,014
Cap Rate 9%
$623,789
Alternative Uses
Best Use
Warehouse
$3.78M
$3.30M – $4.40M
NOI $264,293 @ 7.0% cap
Second Best
Industrial
$3.31M
$2.90M – $3.86M
NOI $231,657 @ 7.0% cap
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 49456, MI
19,727
Population
9,776
Households
2
Avg Household Size
45
Median Age
47%
College-Educated
98%
High-School Grad
25.3 sq mi
ZIP Area
780
Density / Sq Mi
$85,807
Median Household Income
$50,887
Median Earnings
$1,184
Median Rent
$294,500
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Ottawa County, MI
Properties on Market for Flex space in Ottawa County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Mixed commercial and workshop improvements support customer-facing operations alongside storage and production functions.
Where is this flex space located?
The property is located at 14599 Cleveland Street Spring Lake, MI.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Approximately 4.91‑acre property along the M‑104 corridor; Approximately 4,400 SF former retail building incorporating an original train depot; Additional approximately 8,000 SF and 3,300 SF storage/workshop buildings
