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Springfield Commercial Property on Dickman

1583 W Dickman Road Springfield, MI 49037

Claim this Listing
For Sale
$1,490,000

COMMERCIAL - Springfield, MI

Type:Retail
Property size:
12,224 SF
Lot size:
1.66 Acres
Price / SF:
$121/SF
Added:
Mar 17, 2026
Days on Market:
117
Last Refresh:
Jul 11 at 4:06 am

Property Features for 1583 W Dickman Road

General Information

Property type
Commercial Sale
Property subtype
Retail
Bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
18
Standard status
Active
APN
54-150-004-00
Size
12,224 SF
Lot size
1.66 Acres

Taxes and HOA fees

Tax Year
2026
Tax Description
Springfield City Orchard Acres 3 Los 135, 136 & ADJ Land N of SD lots to Dickman Rd
Tax Annual Amount
20133

Utilities

Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air

Building Details

Year built
2007
Floors in Building
1
Number of units
1
Building materials
Metal Siding
Roof type
Metal

Listing agent Chip B Spranger License #6506040636

Listing office RE/MAX Perrett Associates 317 E Columbia Ave., Battle Creek, MI

Listing date Mar 17, 2026

MLS# 26010744

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.


Investment Insights

Based on property information with market context.

A commercial property is available in Springfield, Michigan, situated on Dickman Road. The property currently operates as a hardware store and includes all equipment and inventory, providing immediate income potential. The store offers a variety of services, including propane gas sales, window and screen repair, U-Haul truck and trailer rental, hydraulic hose assembly, home paint, and gun exchanges. The property has a size of 12224 square feet and is situated on a 1.66-acre lot. The location benefits from a high traffic count.

Key Highlights

  • Immediate income potential with included equipment and inventory.
  • High traffic location on Dickman Rd in Springfield.
  • Diverse revenue streams: propane, repairs, rentals, paint, gun exchanges.

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 $189.2k $15.48
− Vacancy −$7.9k −$0.65
EGI $181.3k $14.83
− OpEx −$54.4k −$4.45
NOI $126.9k $10.38
12,224 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%

Alternative Uses

Best Use
Retail
$1.81M
$1.59M – $2.11M (±1% cap)
NOI $126,896 @ 7.0% cap · market cap 8.52%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$145.01M
$126.88M – $169.17M (±1% cap)
NOI $10,150,382 @ 7.0% cap · market cap 681.23%
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 Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Big Box & Wholesale Store Pharmacy Nail Salon Parking Lot & Garage

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

FAQs

What type of property is this?
Retail space - Hardware store with equipment and inventory included on Dickman Rd.
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 $1,490,000.
What are key features of this property?
This property features: Immediate income potential with included equipment and inventory.; High traffic location on Dickman Rd in Springfield.; Diverse revenue streams: propane, repairs, rentals, paint, gun exchanges.
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