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 Market93
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
70-04-16-451-011
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 OTTAWA COUNTY MICHIGAN
Legal Description
SOUTHWEST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 16 TOWN 8 NORTH RANGE 15 WEST CROCKERY TOWNSHIP OTTAWA COUNTY MICHIGAN
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Forced Air
Amenities
bathroom
ample power
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 26
Changed: Oct 12
Last Checked: Oct 26 at 9:06AM
MLS# 26038572
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.
This 1,000-square-foot flex condo is under construction and includes a bathroom. Buyers can customize the unit’s size and amenities. The property is one of six small-bay industrial condos planned for the first of four buildings in the development.
The building is scheduled for completion in 2026. Asphalt paving for the driveway and road is planned for fall 2026 or spring 2027.
The building is scheduled for completion in 2026. Asphalt paving for the driveway and road is planned for fall 2026 or spring 2027.
Key Highlights
- 1,000 square feet of flex space
- One of six small‑bay condos in the first of four planned buildings
- Includes a bathroom; unit size and amenities are customizable
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,757
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,140
$295.1K
Cap Rate 7%
$210,814
$210.8K
Cap Rate 9%
$163,967
$164.0K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$21.6K $21.60/SF
− Vacancy
−$518 −$0.52/SF
EGI
$21.1K $21.08/SF
− OpEx
−$6.3K −$6.32/SF
NOI
$14.8K $14.76/SF
Area
Ottawa County, MI
Vacancy
2.40%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,140
Cap Rate 7%
$210,814
Cap Rate 9%
$163,967
Alternative Uses
Best Use
Industrial
$210.8K
$184.5K – $246.0K
NOI $14,757 @ 7.0% cap · market cap 7.38%
Second Best
Flex RnD
$51.1K
$44.7K – $59.6K
NOI $3,576 @ 7.0% cap · market cap 1.79%
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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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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 customizable unit includes a bathroom, with options to tailor its size and amenities.
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 feet of flex space; One of six small‑bay condos in the first of four planned buildings; Includes a bathroom; unit size and amenities are customizable
