Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1660 S Centerville Rd and 539 W Fawn River Rd Sturgis, MI

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    18,728 SF buildings on 5.3 acres with redevelopment potential.

    Type:INDUSTRIAL
    Property size:
    18,728 SF
    Lot size:
    5.31 Acres
    Price / SF:
    $52/SF
    Added:
    Sep 20, 2022
    Days on Market:
    1311
    Last Refresh:
    Apr 5 at 9:00 pm

    Property Features for 1660 S Centerville Rd and 539 W Fawn River Rd

    General Information

    Standard status
    Active
    Size
    18,728 SF
    Lot size
    5.31 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Joshua Jacobs
    Joshua Jacobs

    Listing agent Joshua Jacobs License #MI 6502394333

    Listing office NAI Wisinski of West Michigan

    Listing date Sep 20, 2022

    Source Moodyscre

    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 NAI Wisinski of West Michigan

    Overview

    Manufacturing/Storage Buildings on Large Acreage

    This property features 18,728 square feet of manufacturing and storage buildings situated on approximately 5.305 acres. The site includes multiple acres available for redevelopment and is located directly off Centerville Road and Fawn River Road. Upcoming lot adjustments will provide added frontage on Fawn River Road. The current zoning allows for a variety of uses.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Sturgis
    County
    St. Joseph
    State
    Michigan
    Longitude
    -85.427
    Latitude
    41.7813

    Nearby Similar for Sale

    • $525,000
      12,632 SF

      Historic Strand Theatre in Sturgis

      Landmark entertainment venue with redevelopment potential in downtown Sturgis.
      219 W Chicago Road, Sturgis, MI 49091
      View Details
    • $450,000
      6,830 SF

      Versatile Commercial Building on 2.6 Acres

      Well-maintained 6,800 sq ft commercial building suitable for various uses.
      1015 N Centerville Street, Sturgis, MI 49091
      View Details
    • $215,000

      Sturgis Brick Duplex on Corner

      Well-maintained duplex with separate basements and utilities in desirable neighborhood.
      805 Michigan Avenue, Sturgis, MI 49091
      View Details
    • $1,300,000
      5,500 SF

      Auto Repair Shop with Towing

      Turnkey auto repair and towing business with industrial zoning.
      640 Fawn River Road, Sturgis, MI 49091
      View Details
    • $1,730,000
      23,910 SF

      Versatile Commercial Building in Sturgis

      23,910 SF commercial building suitable for various businesses.
      1717 E Chicago Road, Sturgis, MI 49091
      View Details
    • $1,100,000
      23,910 SF

      Sturgis Commercial Building For Sale

      23,910 SF commercial building suitable for various businesses.
      1717 E Chicago Road, Sturgis, MI 49091
      View Details
    • $190,000

      Corner Storefront in Prime Location

      Charming corner storefront, currently a flower shop, for sale.
      101 E Chicago Road, Sturgis, MI 49091
      View Details
    • $210,000
      1,568 SF

      Sturgis Office with Carriage Garage

      Office building with hardwood floors and a large carriage garage.
      909 E Chicago Road, Sturgis, MI 49091
      View Details
    • $139,900

      Turnkey Triplex in Sturgis, MI

      Cash-flowing triplex in Sturgis, ready for its next investor.
      600 St Joseph, Sturgis, MI 49091
      View Details
    • Contact for pricing
      2,795 SF

      Sturgis, MI NNN Investment Opportunity

      NNN leased investment opportunity with attractive rental increases.
      406 S Centerville Rd, Sturgis, MI
      View Details
    • $2,160,000
      77,000 SF

      Sturgis Church Facility For Sale

      77,000 SF church facility on a ten-acre lot.
      70031 S Lakeview St, Sturgis, MI 49091
      View Details
    • $1,300,000
      5,500 SF

      Turnkey Auto Repair and Towing

      Successful auto repair and towing business with real estate for sale.
      640 Fawn River Road, Sturgis, MI 49091
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 18,728 SF buildings on 5.3 acres with redevelopment potential.
    Where is this manufacturing property located?
    The property is located at 1660 S Centerville Rd and 539 W Fawn River Rd Sturgis, MI.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: 5.305 acres of land with redevelopment potential; 18,728 SF of manufacturing / storage buildings; Located directly off Centerville Road and Fawn River Road
    (914) 374-2694 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joshua Jacobs
    Joshua Jacobs
    Real Estate License ID: MI 6502394333
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!