Small-Bay Flex
For Sale
$200,000
16943 Wood Lane Road, Nunica, MI 49448
Commercial Sale, Nunica, MI
Property Size1,000 SF
Price / SF$200
Days on Market96
Property Features for 16943 Wood Lane Road
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Spring Lake
Middle school district
Spring Lake
High school district
Spring Lake
Standard status
Active
APN
70-04-16-451-009
Size
1,000 SF
Taxes and HOA fees
Tax Description
SOUTHWEST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 16 TOWN 8 NORTH RANGE 15 WEST CROCKERY TOWNSHIP ORRAWA COUINTY MICHIGAN
Legal Description
SOUTHWEST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 16 TOWN 8 NORTH RANGE 15 WEST CROCKERY TOWNSHIP ORRAWA COUINTY MICHIGAN
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Forced Air
Building Details
Year built
2026
Floors in Building
1
Number of units
1
Building materials
Vinyl Siding, Metal Siding
Roof type
Metal
Listing Agency:
Harbour Pointe Realty
(616) 481-6450
Listed By:
Stephanie Harris
(616) 520-5062
Added: Jul 23
Changed: Oct 12
Last Checked: Oct 26 at 9:06AM
MLS# 26038168
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.
Under construction, this 1,000-square-foot flex condo is one of six units planned for the development’s first building. The unit includes a bathroom, forced-air heating, cable availability, and septic service. Amenities are customizable, and the property information identifies ample power without specifying capacity.
The development is planned to include four buildings. Asphalt paving for the driveway and road is scheduled for Fall 2026/Spring 2027.
The development is planned to include four buildings. Asphalt paving for the driveway and road is scheduled for Fall 2026/Spring 2027.
Key Highlights
- 1,000‑square‑foot flex condo
- One of six units in the first of four planned buildings
- Bathroom included; amenities are customizable
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,836
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,720
$336.7K
Cap Rate 7%
$240,514
$240.5K
Cap Rate 9%
$187,067
$187.1K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$21.6K $21.60/SF
− Vacancy
−$1.8K −$1.79/SF
EGI
$19.8K $19.81/SF
− OpEx
−$3.0K −$2.97/SF
NOI
$16.8K $16.84/SF
Area
Ottawa County, MI
Vacancy
8.30%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,720
Cap Rate 7%
$240,514
Cap Rate 9%
$187,067
Alternative Uses
Best Use
Warehouse
$240.5K
$210.5K – $280.6K
NOI $16,836 @ 7.0% cap · market cap 8.42%
Second Best
Industrial
$210.8K
$184.5K – $246.0K
NOI $14,757 @ 7.0% cap · market cap 7.38%
Theoretical Best
Multifamily LT 5
$12.44M
$10.88M – $14.51M
NOI $870,469 @ 7.0% cap · market cap 435.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 49448, MI
4,027
Population
1,700
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
93%
High-School Grad
33.0 sq mi
ZIP Area
122
Density / Sq Mi
$81,536
Median Household Income
$50,000
Median Earnings
$738
Median Rent
$266,200
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - The unit includes a bathroom and customizable amenities within a planned industrial condo development.
Where is this flex space located?
The property is located at 16943 Wood Lane Road Nunica, MI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,000‑square‑foot flex condo; One of six units in the first of four planned buildings; Bathroom included; amenities are customizable
