Commercial Land with Existing
New
For Sale
$700,000
2100 W Dickman Road, Springfield, MI 49037
The site includes office and warehouse space, paved parking, signage, and access from two roads.
Property Size4,544 SF
Price / SF$154.05
Days on Market5
Property Features for 2100 W Dickman Road
General Information
Standard status
Active
Size
4,544 SF
Property subtype
Commercial
Zoning
B-3
Taxes and HOA fees
Annual Taxes
$12,724
Building Details
Building Size
4,544 SF
Year Built
1997
Buildings
2
Stories
1
Units
2
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Jodi K Milks · License #6506044331
(269) 207-1040
Source:
Case-realty
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 4:06PM
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 NAI Wisinski of West Michigan
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Investment Insights
Based on property information with market context.
This commercial property spans approximately 3.15 acres across four parcels at 2100 W Dickman Road in Springfield. Improvements include a 3,200 SF office building and a 1,344 SF warehouse equipped with two exterior overhead doors. Paved parking and pylon and building signage are also on site.
The property occupies the northwest corner of W. Dickman Road and N. 20th Street, with access from both roads. The stated zoning designations conflict, so zoning is not included.
The property occupies the northwest corner of W. Dickman Road and N. 20th Street, with access from both roads. The stated zoning designations conflict, so zoning is not included.
Key Highlights
- Approximately 3.15 acres across four parcels
- 3,200 SF office building
- 1,344 SF warehouse with two exterior overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,058
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,160
$1.0M
Cap Rate 7%
$715,114
$715.1K
Cap Rate 9%
$556,200
$556.2K
Market Conditions
NOI Build-Up for 4,544 SF
Gross rent
$77.4K $17.04/SF
− Vacancy
−$10.7K −$2.35/SF
EGI
$66.7K $14.69/SF
− OpEx
−$16.7K −$3.67/SF
NOI
$50.1K $11.02/SF
Area
Calhoun County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,160
Cap Rate 7%
$715,114
Cap Rate 9%
$556,200
Alternative Uses
Best Use
Office B
$715.1K
$625.7K – $834.3K
NOI $50,058 @ 7.0% cap · market cap 7.15%
Second Best
Warehouse
$487.5K
$426.6K – $568.8K
NOI $34,126 @ 7.0% cap · market cap 4.88%
Theoretical Best
Healthcare Medical
$53.90M
$47.16M – $62.89M
NOI $3,773,179 @ 7.0% cap · market cap 539.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
Demographics for 49037, MI
21,427
Population
9,971
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
88%
High-School Grad
19.3 sq mi
ZIP Area
1,110
Density / Sq Mi
$42,598
Median Household Income
$32,024
Median Earnings
$843
Median Rent
$90,600
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial land - The site includes office and warehouse space, paved parking, signage, and access from two roads.
Where is this commercial land located?
The property is located at 2100 W Dickman Road Springfield, MI.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Approximately 3.15 acres across four parcels; 3,200 SF office building; 1,344 SF warehouse with two exterior overhead doors
