Hardware Store with Retail
New
For Sale
$1,390,000
1583 W Dickman Road, Springfield, MI 49037
The sale includes store equipment and inventory, along with several service and rental operations.
Property Size12,224 SF
Price / SF$113.71
Days on Market5
Property Features for 1583 W Dickman Road
General Information
Standard status
Active
Size
12,224 SF
Total Parking Spaces
18
Property subtype
Commercial
Zoning
I-1
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$20,133
Building Details
Building Size
12,224 SF
Year Built
2007
Buildings
1
Stories
1
Units
1
Listing Agency:
RE/MAX Perrett Associates
Listed By:
Lisa R Damron · License #6502103671
(269) 968-6101
Source:
Buskardgroup
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:11PM
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 RE/MAX Perrett Associates
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Investment Insights
Based on property information with market context.
This 12,224-square-foot retail property in Springfield was built in 2007 and is zoned I-1. The existing hardware store operation includes equipment and inventory as part of the sale.
On-site services include propane sales, window and screen repair, hydraulic hose assembly, paint sales, and gun exchanges. The business also offers U-Haul truck and trailer rentals.
On-site services include propane sales, window and screen repair, hydraulic hose assembly, paint sales, and gun exchanges. The business also offers U-Haul truck and trailer rentals.
Key Highlights
- 12,224‑square‑foot retail property
- Built in 2007; zoned I‑1
- Equipment and inventory included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,896
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,537,920
$2.5M
Cap Rate 7%
$1,812,800
$1.8M
Cap Rate 9%
$1,409,956
$1.4M
Market Conditions
NOI Build-Up for 12,224 SF
Gross rent
$189.2K $15.48/SF
− Vacancy
−$7.9K −$0.65/SF
EGI
$181.3K $14.83/SF
− OpEx
−$54.4K −$4.45/SF
NOI
$126.9K $10.38/SF
Area
Calhoun County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,537,920
Cap Rate 7%
$1,812,800
Cap Rate 9%
$1,409,956
Alternative Uses
Best Use
Retail
$1.81M
$1.59M – $2.11M
NOI $126,896 @ 7.0% cap · market cap 9.13%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$145.01M
$126.88M – $169.17M
NOI $10,150,382 @ 7.0% cap · market cap 730.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
5,809 visits/mo
0.2 miles
Marathon
Shops & Services
4,722 visits/mo
0.0 miles
Springfield Do It Center
Shops & Services
2,813 visits/mo
0.2 miles
Sunshine Toyota
Shops & Services
2,328 visits/mo
0.3 miles
Comerica Bank
Shops & Services
2,081 visits/mo
0.5 miles
Demographics for 49037, MI
21,427
Population
9,971
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
88%
High-School Grad
19.3 sq mi
ZIP Area
1,110
Density / Sq Mi
$42,598
Median Household Income
$32,024
Median Earnings
$843
Median Rent
$90,600
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The sale includes store equipment and inventory, along with several service and rental operations.
Where is this retail space located?
The property is located at 1583 W Dickman Road Springfield, MI.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: 12,224‑square‑foot retail property; Built in 2007; zoned I‑1; Equipment and inventory included in the sale
