21 E Maple Street NE, Cedar Springs, MI 49319
COMMERCIAL - Cedar Springs, MI
- Added:
- Apr 30, 2026
- Days on Market:
- 59
- Last Refresh:
- Jun 27 at 3:06 am
Property Features for 21 E Maple Street NE
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Standard status
- Active
- APN
- 41-03-30-304-005
- Size
- 1,332 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PART OF LOT 7 COM 87 FT E OF S W COR LOT 8 TH E 25 FT TH N 51FT TH W 25 FT TH S TO BEG BLK13 * VILLAGE OF CEDAR SPRING
- Tax Annual Amount
- 2500
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 1950
- Number of units
- 1
- Building materials
- Block, Vinyl Siding, Wood Siding
- Roof type
- Composition, Metal
Listing agent Brynadette Powell License #6501358745 (616) 835-2624
Listing office Eggerding Inc., Arthur K. 3345 Remembrance Rd. NW, MI (616) 453-7655
Listing date Apr 30, 2026
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.
HighLights
- Mixed‑use investment property in the heart of downtown Cedar Springs.
- Two leased commercial spaces provide immediate income with 3‑year terms.
- Recent updates include a new metal roof (2020) and new siding (2019).
- One city‑certified 1‑bedroom apartment offers additional income potential.
- Walking distance to White Pine Trail, library, restaurants, and downtown events.
- Updated electrical in rear commercial space and tankless water heater.
Overview
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.5k | $21.36 |
| − Vacancy | −$3.9k | −$2.95 |
| EGI | $24.5k | $18.41 |
| − OpEx | −$9.2k | −$6.90 |
| NOI | $15.3k | $11.51 |
Alternative Uses
Current Use by Public Records
Map
- City
- Cedar Springs
- County
- Kent
- State
- Michigan
- Longitude
- -85.550699
- Latitude
- 43.225576
