High-Visibility Corner Commercial
For Sale
Contact for pricing
1745 W Shawnee Road, Baroda, MI 49101
6,945 SF commercial building on 1.85 acres.
Property Size6,945 SF
Lot Size1.85 Acres
Price / SF$287.98
Days on Market170
Property Features for 1745 W Shawnee Road
General Information
Standard status
Active
Size
6,945 SF
Lot size
1.85 Acres
Property subtype
Business for Sale, Retail
Investment Type
Owner/User
Building Details
Year Built
2006
Listing Agency:
@properties Christie's International R.E.
(513) 800-3591
Listed By:
Christina Castaneda · License #6501445961
Source:
Crexi
Added: Mar 3
Changed: Aug 14
Last Checked: Aug 14 at 7:24AM
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 @properties Christie's International R.E.
Investment Insights
Based on property information with market context.
This 6,945 SF commercial building is positioned on a prominent corner along the high-traffic M-62 corridor between Baroda and Bridgman. Situated on 1.85 acres, the property offers visibility, access, and flexibility, with ample parking and frontage. The location benefits from steady regional traffic and proximity to Lake Michigan and Michigan’s Wine Country tourism corridor. Currently operating as a hardware store, the building features open retail showroom space, warehouse/storage areas, and office space. It is adaptable for a variety of commercial uses, such as retail, specialty market, garden center, contractor supply, brewery taproom, service business, or event venue. The square footage and layout allow for multiple configurations or potential expansion. The property is surrounded by over 500 businesses within 5 miles generating over $1.5B in annual sales, supported by strong household incomes and consistent local demand. The location offers the flexibility to execute a business vision. The flexible layout and 1.85-acre corner site allow for reconfiguration, expansion, or subdivision of space. Given its high-traffic M-62 location and proximity to Lake Michigan tourism and the Wine Country corridor, the property presents long-term upside through adaptive reuse, enhanced branding, or redevelopment to better align with evolving regional demand. Strong surrounding business density and consistent consumer spending further support repositioning potential.
Key Highlights
- High‑visibility corner location on high‑traffic M‑62 corridor.
- Large 6,945 SF building on 1.85 acres with ample parking.
- Flexible layout adaptable for various commercial uses (retail, market, brewery, etc.).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,095
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,441,900
$1.4M
Cap Rate 7%
$1,029,929
$1.0M
Cap Rate 9%
$801,056
$801.1K
Market Conditions
NOI Build-Up for 6,945 SF
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.
Gross rent
$107.5K $15.48/SF
− Vacancy
−$4.5K −$0.65/SF
EGI
$103.0K $14.83/SF
− OpEx
−$30.9K −$4.45/SF
NOI
$72.1K $10.38/SF
Area
Berrien 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,441,900
Cap Rate 7%
$1,029,929
Cap Rate 9%
$801,056
Alternative Uses
Best Use
Retail
$1.03M
$901.2K – $1.20M
NOI $72,095 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,299 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
5k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,151 visits/mo
0.2 miles
Demographics for 49101, MI
3,132
Population
1,343
Households
2.3
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
20.6 sq mi
ZIP Area
152
Density / Sq Mi
$70,167
Median Household Income
$48,707
Median Earnings
$1,040
Median Rent
$225,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - 6,945 SF commercial building on 1.85 acres.
Where is this storefront property located?
The property is located at 1745 W Shawnee Road Baroda, MI.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: High‑visibility corner location on high‑traffic M‑62 corridor.; Large 6,945 SF building on 1.85 acres with ample parking.; Flexible layout adaptable for various commercial uses (retail, market, brewery, etc.).
