Hardware Store with
New
For Sale
$1,400,000
1583 W Dickman Road, Springfield, MI 49037
Commercial Sale, Springfield, MI
Property Size12,224 SF
Lot Size1.66 Acres
Price / SF$114.53
Days on Market2
Property Features for 1583 W Dickman Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
I-1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
18
Interior features
Broadband
Elementary school district
Battle Creek
Middle school district
Battle Creek
High school district
Battle Creek
Directions
Google maps
Standard status
Active
APN
54-150-004-00
Size
12,224 SF
Lot size
1.66 Acres
Additional Details
Business Included
Yes
Taxes and HOA fees
Tax Year
2026
Tax Description
SPRINGFIELD CITY, ORCHARD ACRES 3, LOTS 135, 136 & ADJ LAND NLY OF SD LOTS TO DICKMAN RD. *** TIFA-B 86 SEV 60,265 ***
Tax Annual Amount
20133
Legal Description
SPRINGFIELD CITY, ORCHARD ACRES 3, LOTS 135, 136 & ADJ LAND NLY OF SD LOTS TO DICKMAN RD. *** TIFA-B 86 SEV 60,265 ***
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2007
Number of units
1
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
RE/MAX Perrett Associates
(269) 968-6101
Listed By:
Carter Damon
(269) 967-6713
Added: Nov 3
Last Checked: Nov 4 at 10:06AM
MLS# 26058318
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Springfield retail property contains 12,224 square feet on 1.66 acres and is configured as a hardware store. Store inventory and operating equipment are included. Built in 2007, the building has metal siding, a metal roof, forced-air heat, central air conditioning, and two bathrooms.
Located at 1583 W Dickman Road, the property also has broadband and cable availability.
Located at 1583 W Dickman Road, the property also has broadband and cable availability.
Key Highlights
- Hardware store operation includes inventory and equipment
- 12,224‑square‑foot building on 1.66 acres
- Built in 2007 with metal siding and a metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,896
Cap Rate
9.06%
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 9.06%
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 725.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
5,809 visits/mo
0.3 miles
Marathon
Shops & Services
4,722 visits/mo
0.2 miles
Springfield Do It Center
Shops & Services
2,813 visits/mo
0.0 miles
Sunshine Toyota
Shops & Services
2,328 visits/mo
0.1 miles
Henkel Chrysler Jeep Dodge Ram
Shops & Services
1,600 visits/mo
0.2 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Store inventory and operating equipment are included in the sale.
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 $1,400,000.
What are key features of this property?
This property features: Hardware store operation includes inventory and equipment; 12,224‑square‑foot building on 1.66 acres; Built in 2007 with metal siding and a metal roof
