Downtown Three-Unit Mixed-Use
21 E Maple Street NE, Cedar Springs, MI 49319
For Sale
$199,000
Commercial Sale, Cedar Springs, MI
Property Size1,332 SF
Lot Size0.03 Acres
Price / SF$149.40
Days on Market195
Property Features for 21 E Maple Street NE
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
Roof type
Listing Agency:
Eggerding Inc., Arthur K.
(616) 453-7655
Listed By:
Brynadette Powell · License MI #6501358745
(616) 835-2624
Added: Apr 30
Changed: Oct 8
Last Checked: Nov 10 at 6:06PM
MLS# 26019041
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 1,332-square-foot mixed-use building, constructed in 1950, contains three units: an upstairs one-bedroom city-certified apartment and two commercial spaces. The apartment is vacant, while both commercial units carry three-year lease terms. The property has two bathrooms, block construction, vinyl and wood siding, and a metal and composition roof.
Recent improvements include a metal roof installed in 2020, siding completed in 2019, a new air conditioner from 2017, a tankless water heater added in 2018, and updated electrical service in the rear commercial space in 2007. The building includes three zoned heating and cooling areas, with forced-air heating, wall-unit cooling, one gas service, one furnace, and one air conditioner. Located in downtown Cedar Springs, the property is within walking distance of the White Pine Trail, library, restaurants, downtown events, and a nearby amphitheater. No designated parking is provided.
Recent improvements include a metal roof installed in 2020, siding completed in 2019, a new air conditioner from 2017, a tankless water heater added in 2018, and updated electrical service in the rear commercial space in 2007. The building includes three zoned heating and cooling areas, with forced-air heating, wall-unit cooling, one gas service, one furnace, and one air conditioner. Located in downtown Cedar Springs, the property is within walking distance of the White Pine Trail, library, restaurants, downtown events, and a nearby amphitheater. No designated parking is provided.
Key Highlights
- Three‑unit configuration with one apartment and two commercial spaces
- 1,332 square feet on a 0.03‑acre lot in downtown Cedar Springs
- Upstairs one‑bedroom city‑certified apartment is currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,328
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,560
$306.6K
Cap Rate 7%
$218,971
$219.0K
Cap Rate 9%
$170,311
$170.3K
Market Conditions
NOI Build-Up for 1,332 SF
Gross rent
$28.5K $21.36/SF
− Vacancy
−$3.9K −$2.95/SF
EGI
$24.5K $18.41/SF
− OpEx
−$9.2K −$6.90/SF
NOI
$15.3K $11.51/SF
Area
Kent County, MI
Vacancy
13.80%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,560
Cap Rate 7%
$218,971
Cap Rate 9%
$170,311
Alternative Uses
Best Use
Mixed Use
$219.0K
$191.6K – $255.5K
NOI $15,328 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$238.2K
$208.5K – $278.0K
NOI $16,677 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
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Business Placement
Demographics for 49319, MI
17,391
Population
7,150
Households
2.4
Avg Household Size
38
Median Age
20%
College-Educated
94%
High-School Grad
86.4 sq mi
ZIP Area
201
Density / Sq Mi
$78,247
Median Household Income
$44,041
Median Earnings
$1,060
Median Rent
$247,600
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Kent County, MI
Properties on Market for Mixed-use properties in Kent County
Frequently Asked Questions
What type of property is this?
Mixed-use property - Compact downtown building combining a certified apartment with two leased commercial spaces.
Where is this mixed-use property located?
The property is located at 21 E Maple Street NE Cedar Springs, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Three‑unit configuration with one apartment and two commercial spaces; 1,332 square feet on a 0.03‑acre lot in downtown Cedar Springs; Upstairs one‑bedroom city‑certified apartment is currently vacant
